Company: FMCCN
Filing Date: 2025-01-07
Form Type: 8-K
Source: 0001026214-25-000007
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Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-01-07
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 2, 2025, Freddie Mac (formally the Federal Home Loan Mortgage Corporation) elected Jane E. Prokop to its Board of Directors (the Board), effective as of January 2, 2025. Ms. Prokop is an experienced executive in the financial services industry.

Ms. Prokop, age 59, has served as the Executive Vice President and Global Head of Small and Medium Enterprises at Mastercard Incorporated since October 2021. From June 2009 until September 2021, Ms. Prokop was Chief Executive Officer at Principis Capital, a privately held specialty finance company providing financing to the small business sector in the US and Canada. Ms. Prokop was Chief Strategy Officer at Northern Leasing Systems from May 2007 until May 2009, leading the team evaluating small-ticket lease portfolios and platforms, resulting in the acquisition of over $100 million in lease portfolios. From December 2004 until February 2007, Ms. Prokop was Executive Vice President of Strategy and Planning at MortgageIT, a residential mortgage banking company, where she partnered with other executives to manage the hedging and securitization of various mortgage collateral types for a proprietary portfolio, which grew to over $5 billion. Ms. Prokop was President of the Home Closer LLC division at MortgageIT from April 2002 until December 2004. From October 1999 until March 2002, Ms. Prokop was Executive Vice President of Corporate Development at Digital Convergence Corp. (a media technology company), responsible for strategic alliances/business development and financial strategy function. Ms. Prokop was an Investment Officer at AIG-Brunswick Capital Management from June 1996 until July 1999, serving as an investment professional in a $300 million private equity fund targeting Russian and Eastern European companies. Ms. Prokop holds a Ph. D. from Harvard University and a B. A. from Boston University.

Ms. Prokop will receive compensation as a non-executive director of Freddie Mac as described inFreddie Mac’s Annual Report on Form 10-K filed on February 14, 2024(the 2023 Annual Report), under the heading “ Directors, Corporate Governance, and Executive Officers - Corporate Governance - Director Compensation,” which description is incorporated herein by reference. Ms. Prokop will be a member of the Operations