Company: CHMI-PB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001140361-25-014748
Chunk: 56

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 56
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, of the compensation of our named executive officers as disclosed in this Proxy Statement. 42 TABLE OF CONTENTS PROPOSAL NO. 3: ADVISORY VOTE ON FREQUENCY OF ADVISORY VOTES ON EXECUTIVE COMPENSATION As described in Proposal No. 2 above, Section 951 of the Dodd-Frank Act affords our stockholders an advisory “say-on-pay” vote to approve the compensation of our named executive officers. Pursuant to Section 14A of the Exchange Act, this proposal affords our stockholders an advisory vote on the frequency of future say-on-pay votes. We are asking your vote on whether the non-binding advisory vote on the compensation of our named executive officers should occur every three years, every two years or every year. We last submitted a vote on the frequency of advisory votes on executive compensation in 2019, when our shareholders expressed a preference that future advisory votes on executive compensation be held on an annual basis. Consistent with that preference, our board has held an advisory vote on executive compensation annually since 2019. After careful consideration, as well as the results of the last frequency vote, the Board believes that submitting the advisory vote on executive compensation annually is appropriate at this time. This vote is advisory only, and therefore it will not bind our Board. However, our Board will consider the voting results as appropriate when determining the frequency with which to hold future say-on-pay votes. Our Board recommends a vote FOR a frequency of “one year” for future non-binding advisory votes on compensation of our named executive officers. 43 TABLE OF CONTENTS AUDIT COMMITTEE REPORT Each of the members of the Audit Committee (Mr. Mercer (chairperson), Mr. Murin and Ms. Cook) has been determined to be “independent” within the meaning of the applicable standards of the NYSE and Rule 10A-3 of the Exchange Act. In addition, each of these members meets the financial literacy requirements for audit committee membership under the NYSE’s rules and the rules and regulations of the SEC. The Board has determined that each of Mr. Mercer and Mr. Murin is an “audit committee financial expert” as such term is defined in Item 407(d)(5)(ii) of Regulation S-K. No member of the Audit Committee serves on the audit committee of more than three public companies. The Board has adopted, and annually reviews, the charter of the Audit Committee, which sets forth the Audit Committee’s responsibilities and how it carries out those responsibilities. The