Company: CHMI-PB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001140361-25-014748
Chunk: 26

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 26
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, among other things, for the advancement of expenses and indemnification for liabilities which such person may incur by reason of his or her status as a present or former director of our company in any action or proceeding arising out of the performance of such person’s services as a present or former director of our company. The table below describes the compensation earned by our directors other than Mr. Lown for 2024. Mr. Lown’s compensation is described below under “Executive Compensation.”

| Name                  |     | Fees Earned or 
   Paid in Cash |     |     Stock 
 Awards(1) |     |        Total 
 Compensation |
| Sharon L. Cook        |     |       $119,500 |     |   $70,001 |     |     $189,501 |
| Robert C. Mercer, Jr. |     |       $123,000 |     |   $70,001 |     |     $193,001 |
| Joseph Murin          |     |       $130,500 |     |   $70,001 |     |     $200,501 |
| Dale S. Hoffman(2)    |     |              — |     |         — |     |            — |

| (1) | Represents the aggregate grant date fair value of 18,568 restricted shares of common stock awarded to each of our independent directors pursuant to our 2023 Plan on June 14, 2024. Amounts have been calculated in accordance with FASB ASC Topic 718 and disregard estimated forfeitures. |

| (2) | Mr. Hoffman was appointed to the Board in March 2025 and did not receive any compensation from us in 2024. |

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TABLE OF CONTENTS CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Management Agreement We were a party to a management agreement with CHMM (the “Management Agreement”), which was terminated on November 14, 2024 without payment of a termination fee as part of the Internalization. Under the Management Agreement, CHMM, an SEC-registered investment adviser, provided for the day-to-day management of our operations. The Management Agreement required CHMM to manage our business and affairs in conformity with policies and investment guidelines approved and monitored by the Board. Under the Management Agreement, CHMM received an annual management fee and reimbursement of certain expenses. The annual management fee was an amount equal to 1.5% per annum of stockholders’ equity, with stockholders’ equity being calculated, as of the end