secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0001275477-21-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000127547721000015/0001275477-21-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000127547721000015/bmnm8k20211116.htm
  HTML page:      https://secwatch.observer/filing/0001275477-21-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer