---
schema_version: "secwatch.filing_event.v1"
accession: "0001275477-21-000015"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2021-11-18T23:59:59+00:00"
generated_at: "2026-06-28T06:52:53.898127+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital internalizes repo funding & ops from AVM; hires Patrick Doyle

## Summary
- Third Amendment to Management Agreement with Orchid Island Capital effective Nov 16, 2021.
- Bimini Advisors will take over repurchase agreement trading, clearing & admin services from AVM.
- Orchid to pay daily repo funding fee (basis point factor in Appendix A) plus $10k/month clearing fee.
- Bimini hires Patrick Doyle, effective Dec 1, 2021, to lead the internalized services.
- Transition of services from AVM expected by March 31, 2022.

## SEC filing metadata
- accession: 0001275477-21-000015
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2021-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000127547721000015/0001275477-21-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000127547721000015/bmnm8k20211116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275477-21-000015
- JSON: https://secwatch.observer/filing/0001275477-21-000015.json
- Plain text: https://secwatch.observer/filing/0001275477-21-000015.txt

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