AGNC director Davis resigns for White House role; Kuehl gets amended employment agreement

AGNC Investment Corp.

Director Morris A. Davis resigned to serve as Chief Housing Economist at White House Council of Economic Advisers, effective March 16, 2025.
Board reduced from nine to eight members; no replacement nominee for annual meeting.
Christopher J. Kuehl amended employment: target annual cash bonus at least $1.35M, LTIA target at least $675K.
Kuehl's severance reduced from 1.5x to 1.0x of base salary plus target bonus on termination without cause.
New Qualified Retirement provisions allow vesting of certain awards upon voluntary resignation with transition.

item 5.02

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Departed

Morris A. Davis

Director

AGNC · AGNC Investment Corp.

Effective: 2025-03-16
Filed: March 20, 2025, 7:59 PM ET

On March 16, 2025, Morris A. Davis notified AGNC Investment Corp. (the "Company") of his immediate resignation and his decision not to stand for re-election to the Company's Board of Directors at the annual meeting of stockholders to be held on April 17, 2025 (the "Annual Meeting").

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Morris A. Davis resigned as Director at AGNC Investment Corp..

Action: resigned
Role: Director

Exact text from the filing

On March 16, 2025, Morris A. Davis notified AGNC Investment Corp. (the "Company") of his immediate resignation and his decision not to stand for re-election to the Company's Board of Directors at the annual meeting of stockholders to be held on April 17, 2025 (the "Annual Meeting").

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AGNC Investment Corp. filing history →

Source: SEC EDGAR

accession 0001423689-25-000035

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