Company: CHMI-PB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001140361-25-014748
Chunk: 31

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 31
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 engaged in investor outreach to support and facilitate this transformation. In 2024, our NEOs were:

| • | Mr. Lown, our President and Chief Executive Officer (our principal executive officer); |

| • | Mr. Hutchby, our Chief Financial Officer, Treasurer and Secretary (our principal financial and accounting officer); and |

| • | Mr. Evans, our Chief Investment Officer. |

We have no executive officers other than our NEOs. Executive Compensation Overview Prior to the Internalization, we were externally managed by CHMM pursuant to the Management Agreement (see “Certain Relationships and Related Party Transactions – Management Agreement” above for more information). Our NEOs and the other personnel who provided services to us were made available through CHMM and its services agreement with Freedom Mortgage, which directly paid cash compensation and provided benefits to our personnel, including our NEOs. As an externally managed company for most of 2024, we utilized a hybrid approach for our NEO compensation program. CHMM was obligated under the Management Agreement to pay or cause to be paid all cash compensation of our NEOs. CHMM did not have its own formal compensation program. The levels of cash compensation for our NEOs for 2024, substantially all of which was fixed annual base salary rather than variable/incentive pay, were determined based on recommendations made by Mr. Lown, as an officer of CHMM, which were acknowledged and implemented by Freedom Mortgage. Prior to the Internalization, the Compensation Committee did not determine the levels of cash compensation paid to our NEOs other than the cash compensation paid by CHMM to Mr. Hutchby, our Chief Financial Officer, Treasurer and Secretary, which we reimbursed pursuant to the terms of the Management Agreement, and the cash compensation paid by our subsidiary, Aurora, to Mr. Lown, our President and Chief Executive Officer, between August 1, 2024 and November 14. 2024 following a reduction in the annual base salary paid by Freedom Mortgage to Mr. Lown in August 2024. Prior to the Internalization, we paid CHMM a management fee and reimbursed CHMM for certain expenses it incurred in connection with managing our company, including the cash compensation paid to Mr. Hutchby, our Chief Financial Officer, Treasurer and Secretary, for the period from January 1, 2024 to, and including, November 14, 2024. We did not reimburse CHMM for the cash compensation paid to any of our other NEOs. Effective as of November 14,