Annaly co-founder Wellington J. Denahan to retire from Board after 25+ years

ANNALY CAPITAL MANAGEMENT INC

Wellington J. Denahan, co-founder, will retire as Vice Chair, Risk Committee Chair, and Director effective at end of 2023 Annual Meeting.
Denahan's retirement is not due to any disagreement with the Company or management.
Denahan has served since 1996; under her leadership, Annaly delivered over $24B in dividends and 700% total shareholder return since IPO.
No replacement named; retirement effective upon conclusion of 2023 Annual Meeting.

item 5.02 item 8.01 item 9.01

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Departed

Wellington J. Denahan

Vice Chair of the Board of Directors and Director

NLY · ANNALY CAPITAL MANAGEMENT INC

Filed: February 22, 2023, 6:59 PM ET

its co-founder Wellington J. Denahan has chosen to retire from her positions as Vice Chair of the Company’s Board of Directors (the “Board”), Chair of the Risk Committee of the Board, Member of the Corporate Responsibility Committee of the Board and a Director of the Company, effective upon the conclusion of her current term

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Executive change SEC 8-K Item 5.02 confidence 1.0

Wellington J. Denahan retired as Vice Chair of the Board of Directors and Director at ANNALY CAPITAL MANAGEMENT INC.

Action: retired
Role: Vice Chair of the Board of Directors and Director

Exact text from the filing

its co-founder Wellington J. Denahan has chosen to retire from her positions as Vice Chair of the Company’s Board of Directors (the “Board”), Chair of the Risk Committee of the Board, Member of the Corporate Responsibility Committee of the Board and a Director of the Company, effective upon the conclusion of her current term

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Source: SEC EDGAR

accession 0001628280-23-004568

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