Company: AOMN
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001766478-25-000028
Chunk: 25

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 25
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 “financially literate” as that term is defined by NYSE listing standards and meets the definition for “independence” for purposes of serving on our Audit Committee under NYSE listing standards and Rule 10A-3 under the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”).

Compensation Committee

The Board has adopted a Compensation Committee charter, which defines our Compensation Committee’s principal functions to include:

• prior to any renewal of the management agreement among us, our operating partnership, and our Manager (our “ Management Agreement ”), evaluating the compensation and fees payable to our Manager under our Management Agreement in light of the performance of our Manager and the fees and compensation paid to comparably situated companies and presenting recommendations resulting from this evaluation to the Board;

• on an annual basis, reviewing the reimbursements paid to our Manager by us to confirm they are consistent with the terms of our Management Agreement;

• reviewing and evaluating annually the performance of the Chief Executive Officer in light of the goals and objectives of the Company’s executive compensation plans and determining and approving the Chief Executive Officer’s compensation, if any;

• receiving and evaluating the annual assessment of performance of officers performed by the Chief Executive Officer or our Manager, receiving and evaluating the recommendation of the Chief Executive Officer or our Manager with regards to any compensation component for such officers, and determining and approving the compensation of such executive officers, including salaries, bonuses, fees, benefits, incentive awards, and perquisites;

• to the extent that we are responsible for paying or reimbursing the wages, salaries, and benefits with respect to an executive officer, reviewing and approving the amount of any wages, salaries, and benefits paid to such officer;

• overseeing the annual review of our compensation plans, including our 2021 Equity Incentive Plan;

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• assessing and monitoring whether any of our compensation policies and programs has the potential to encourage excessive risk-taking; and

• determining from time to time the compensation for our independent directors.

Our Compensation Committee is provided the resources and authority appropriate to discharge its duties and responsibilities, including the sole authority to retain, on terms it deems appropriate, legal counsel and other experts, consultants or advisers as it deems appropriate, without obtaining the approval of the Board. Our Compensation Committee has the sole authority to select and retain a compensation consultant to assist in the evaluation of Chief Executive Officer compensation, if any. Our Compensation Committee may form subcommittees consisting of one or more members for any purpose that our Compensation Committee