Angel Oak Mortgage REIT to repurchase $15M of stock from Xylem; board member resigns

Angel Oak Mortgage REIT, Inc.

Repurchase of $15M of common stock from Xylem Finance LLC at 3% discount to 10-day VWAP; closing expected May 20, 2026.
Vikram Shankar resigns from board effective upon closing, reducing board size to 7 directors.
Shareholder Rights Agreement with Xylem terminated; Xylem loses board nomination rights.
Xylem permanently waives demand and shelf registration rights, retaining only piggyback rights.

item 1.01item 1.02item 5.02item 9.01

Executive movements

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Departed

Vikram Shankar

member of the Board of Directors

AOMR · Angel Oak Mortgage REIT, Inc.

Effective: 2026-05-20
Filed: May 20, 2026 20:31 UTC

On May 20, 2026, in connection with the execution of the Stock Repurchase Agreement, Mr. Vikram Shankar resigned as a member of the Company’s Board of Directors, with such resignation being effective as of the Closing Date and being subject to the closing of the Share Repurchase.

Source: SEC EDGAR

accession 0001766478-26-000038

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