secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001193125-24-009272
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Choudhary Yarlagadda to retire as President & COO of Chimera Investment, effective March 31, 2024
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- Yarlagadda resigns as President, COO, Co-CIO and Board member; mutually agreed retirement.
- Board reduces size by one director effective on his separation date.
- He will assist with transition through scheduled last day; no disagreements with Company.
- Retirement benefits include full vesting of time-based RSUs, continued PSU vesting, and COBRA reimbursement for 12 months.
- Promotion RSUs remain eligible to vest; noncompete waived; up to $6,000 legal fees reimbursed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000119312524009272/0001193125-24-009272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000119312524009272/d726079d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-009272

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