Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 321

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 321
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 of Directors.

In addition, because FHFA as Conservator has succeeded to the rights of all stockholders of the company, the Conservator elects the directors each year by written consent in lieu of an annual meeting. Accordingly, we will not solicit proxies, distribute a proxy statement to stockholders, or hold an annual meeting of stockholders to elect directors during the conservatorship. Prior to each election by written consent, the Board of Directors identifies director nominees for the Conservator's consideration. When there is a vacancy, the Board of Directors may exercise the authority provided to it by the Conservator to fill such vacancy, subject to review by the Conservator.

The Conservator executed a written consent, effective January 14, 2025, electing each of the 12 directors listed below. 

nMark H. BloomnAleem GillaninAllan P. MerrillnKathleen L. CaseynLuke S. HaydennJane E. ProkopnKevin G. ChaversnChristopher E. HerbertnDiana W. ReidnLance F. DrummondnGrace A. HuebschernRoy Swan

See Directors, Corporate Governance, and Executive Officers - Directors - Director Biographical Information for information about each of our current directors. The terms of our directors end on the date the director retires or resigns, the effective date of the Conservator's next election of directors by written consent, or the date of the next annual meeting of our stockholders, whichever occurs first.

We did not submit for re-election, and the Conservator did not re-elect, Mark B. Grier, who retired from the Board effective January 14, 2025, the effective date of the Conservator's written consent, because he reached the age limit set forth in the Corporate Governance Rule. See our Current Report on Form 8-K filed on January 17, 2025. 

Director Criteria, Qualifications, Experience, Tenure, and Diversity

Our Board of Directors seeks candidates for directorship who have achieved a high level of stature, success, and respect in their principal occupations and exemplify high standards of integrity. 

We selected our directors as candidates because of their character, judgment, experience, and expertise. In selecting candidates, we follow the requirements set forth in our Charter, the Guidelines, and the Corporate Governance Rule. When identifying director nominees, the Nominating and Governance Committee considers, among other factors, the talents and skills already represented on the Board of Directors, the