Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 54

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 54
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 200% of target
depending on the performance goal, (ii) use of multiple financial measures over both annual and multi-year periods, (iii) elements of
incentive compensation tied to individual performance goals, and (iv) meaningful stock ownership and retention requirements that apply
until six months after termination of employment.

Say-On-Pay

At the 2024 annual meeting of stockholders,
the Company’s stockholders voted, on an advisory basis, on the compensation paid to the Company’s named executive officers,
also commonly referred to as “say-on-pay.” The stockholders voted overwhelmingly (over 92%) to approve, on an advisory basis,
the compensation of the Company’s named executive officers. The Company’s Board of Directors considered the recommendations
of the stockholders and determined that the Company would not make any material modifications to the overall structure of compensation
arrangements for named executive officers, keeping the same mix of base salary, annual cash incentives and LTI compensation, as well as
the same target amounts. See “---2024 Actions” for discussion.

Say-On-Frequency

Pursuant to the Dodd-Frank Wall
Street Reform and Consumer Protection Act, which requires that a “say-on-frequency” vote be held at least every six years,
the Company held a vote, on an advisory basis, on whether to hold an advisory vote on executive compensation every one, two or three years,
at our 2023 annual meeting of stockholders. At that meeting, the stockholders voted, on an advisory basis, on the frequency of future
advisory votes on executive compensation and voted overwhelmingly to recommend that future advisory votes on the compensation of our named
executive officers be held every year. The Board of Directors adopted that recommendation and, accordingly, an advisory vote on executive
compensation is being held at this 2025 Annual Meeting. Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the
next “say-on-frequency” vote will be held at the Company’s 2029 Annual Meeting of Stockholders.

Other Features and Policies

Stock Ownership and Retention Requirements

Per the Company’s Corporate
Governance Guidelines, each named executive officer is subject to stock ownership and retention requirements. Shares of our stock received
from equity awards (including any vested restricted stock, vested and unvested RSUs and vested deferred stock units but excluding unvested
PSUs), after taxes, must be held by the executive until a stated level of ownership is achieved, measured as a