UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 27, 2022, Katie Beirne Fallon resigned from the Board of Directors (the “Board”) of Annaly Capital Management, Inc. (the “Company”), effective July 14, 2022, in connection with her acceptance of an offer to serve as Executive Vice President, Communications, Public Affairs and Policy at Fidelity Investments. Ms. Fallon’s decision to resign is due to her new position and is not the result of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Item 7.01 | Regulation FD Disclosure. |
On June 27, 2022, the Company issued a press release (the “Press Release”) announcing Ms. Fallon’s resignation from the Board, effective July 14, 2022. A copy of the Press Release is being furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The Press Release is being furnished pursuant to Item 7.01, and the information contained therein shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description | |
99.1 | Press Release, dated June 27, 2022, issued by Annaly Capital Management, Inc. | |
101 | Pursuant to Rule 406 of Regulation S-T, the cover page information is formatted in iXBRL (Inline eXtensible Business Reporting Language). | |
104 | Cover page interactive data file (formatted in iXBRL in Exhibit 101). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ANNALY CAPITAL MANAGEMENT, INC. | ||
(REGISTRANT) | ||
By: | /s/ Anthony C. Green | |
Name: | Anthony C. Green | |
Title: | Chief Corporate Officer & Chief Legal Officer |
Dated: June 27, 2022
Exhibit 99.1
Katie Beirne Fallon Resigns from the Board of Annaly Capital Management, Inc.
NEW YORK (June 27, 2022) Annaly Capital Management, Inc. (NYSE: NLY) (Annaly or the Company) announced today that director Katie Beirne Fallon resigned from the Companys Board of Directors (the Board), effective July 14, 2022, in connection with her acceptance of an offer to serve as Executive Vice President, Communications, Public Affairs and Policy at Fidelity Investments. Ms. Fallon joined the Board in January 2018 and served as the Chair of the Corporate Responsibility Committee since May 2020. Ms. Fallon also served as a member of the Nominating / Corporate Governance Committee.
Katie has been an exceptional member of Annalys Board of Directors and has made lasting contributions, said Michael Haylon, Chair of Annalys Board of Directors. As Chair of the Corporate Responsibility Committee, Katie guided the Company through the publication of three industry-leading corporate responsibility reports and championed efforts to enhance the Boards oversight of the Companys environmental, social and governance matters, including the recent initiative to assess climate-related risks and opportunities. On behalf of the entire Board, I would like to thank Katie for her leadership and wish her continued success in her new role.
Following Ms. Fallons resignation, Annalys Board will be comprised of 10 directors, 60% of whom identify as women and/or racially/ethnically diverse.
About Annaly
Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annalys principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com.
Forward-Looking Statements
This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, risks and uncertainties related to the COVID-19 pandemic,
including as related to adverse economic conditions on real estate-related assets and financing conditions (and our outlook for our business in light of these conditions, which is uncertain); changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; operational risks or risk management failures by us or critical third parties, including cybersecurity incidents; our ability to grow our residential credit business; the sale of our middle market lending business; credit risks related to our investments in credit risk transfer securities, residential mortgage-backed securities and related residential mortgage credit assets and corporate debt; risks related to investments in mortgage servicing rights; our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Company Act. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law.
Contact
Annaly Capital Management, Inc.
Investor Relations 1-888-8Annaly
www.annaly.com
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