---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-24-001023"
form_type: "8-K"
ticker: "CIM"
cik: "0001409493"
company_name: "CHIMERA INVESTMENT CORP"
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T09:42:23.756604+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chimera completes $30M acquisition of Palisades Group; Jack Macdowell named CIO

## Summary
- Acquisition of Palisades Group closed Dec 2, 2024 for $30M cash plus up to $20M earnout over 5 years.
- Jack Macdowell, Jr., Palisades co-founder and CI, becomes Chimera's Chief Investment Officer.
- Earnout payments may be paid 50% in common shares to align with shareholder interests.
- Houlihan Lokey acted as Chimera's financial advisor; Hunton Andrews Kurth as legal counsel.

## SEC filing metadata
- accession: 0001206774-24-001023
- form_type: 8-K
- ticker: CIM
- cik: 0001409493
- company_name: CHIMERA INVESTMENT CORP
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409493/000120677424001023/0001206774-24-001023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409493/000120677424001023/cim4411191-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-24-001023
- JSON: https://secwatch.observer/filing/0001206774-24-001023.json
- Plain text: https://secwatch.observer/filing/0001206774-24-001023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.