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

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 25
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| • | Truth in Lending Act; |

| • | Real Estate Settlement Procedures Act; |

| • | Flood Disaster Protection Act; and |

| • | Record Retention. |

18

TABLE OF CONTENTS

DIRECTOR COMPENSATION For 2024, our independent directors received the following compensation:

| • | Mr. Mercer, Mr. Murin and Ms. Cook were each paid a cash retainer of $70,000. The cash retainer was paid in quarterly installments in arrears and accrued at an annual rate of $70,000. |

| • | Mr. Mercer was paid an additional cash retainer of $10,000 for serving as the chairperson of the Audit Committee. |

| • | Ms. Cook was paid an additional cash retainer of $5,000 for serving as the chairperson of the Compensation Committee and an additional cash retainer of $2,500 for serving as a member of the Audit Committee. |

| • | Mr. Murin was paid an additional cash retainer of $5,000 for serving as the chairperson of the Nominating and Corporate Governance Committee, an additional cash retainer of $2,500 for serving as a member of the Audit Committee and an additional cash retainer of $10,000 for serving as our lead independent director. |

| • | Mr. Murin, Mr. Mercer and Ms. Cook received fees of $43,000, $43,000 and $42,000, respectively, for their service on the Special Committee. |

In addition to the cash compensation described above, our independent directors also receive annual grants of common stock pursuant to our equity incentive plan. On June 14, 2024, we granted each of our independent directors 18,568 restricted shares of common stock pursuant to our 2023 Plan. These restricted shares become non-forfeitable on June 14, 2025. Mr. Lown, our President and Chief Executive Officer, did not receive any cash or equity compensation from us for his service as a director. We reimburse our independent directors for reasonable out-of-pocket expenses incurred in connection with the performance of their duties as directors, including, without limitation, travel expenses in connection with their attendance at in-person board and committee meetings. We have entered into indemnification agreements with each of our current directors and intend to enter into indemnification agreements with each of our future directors. The indemnification agreements provide these directors the maximum indemnification permitted under Maryland law. The agreements provide