---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-004568"
form_type: "8-K"
ticker: "NLY"
cik: "0001043219"
company_name: "ANNALY CAPITAL MANAGEMENT INC"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:01:30.581876+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-004568
- form_type: 8-K
- ticker: NLY
- cik: 0001043219
- company_name: ANNALY CAPITAL MANAGEMENT INC
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043219/000162828023004568/0001628280-23-004568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043219/000162828023004568/nly-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-004568
- JSON: https://secwatch.observer/filing/0001628280-23-004568.json
- Plain text: https://secwatch.observer/filing/0001628280-23-004568.txt

## Key facts
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043219/000162828023004568/0001628280-23-004568-index.htm

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