Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 49

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 49
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 discuss our compensation philosophy and practices with, and gather feedback from, our stockholders. Following such conversations and stockholder outreach, the Compensation Committee and our Board of Directors took deliberate action to adjust certain components of our executive compensation program, including:

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We generally received positive feedback from stockholders regarding the adjustments listed above. At our 2024 Annual Meeting of Stockholders, the advisory vote to approve our named executive officer compensation for the year ending December 31, 2023 (the “2024 Say-on-Pay Proposal”) was approved by approximately 95% of the shares voted . While we were pleased to see this level of support, we intend to continue to engage with our stockholders in the future regarding our executive compensation program and other matters.

Stockholder Engagement

Following our 2024 Annual Meeting of Stockholders and through the first quarter of 2025, our Chief Executive Officer, President, Chair of the Compensation Committee and a member of our investor relations team engaged in outreach efforts, with our ten largest stockholders by number of shares held as of September 5, 2024. These ten stockholders hold approximately 45% of the outstanding shares of our common stock as of April 1, 2024. We highly value the dialogue with our stockholders, share their feedback with our entire Board of Directors and endeavor to enhance our practices and reporting to address stockholder perspectives and interests.

As a result of our outreach efforts, we engaged with approximately 31% of the outstanding shares of our common stock as of September 5, 2024. Feedback from these interactions has been instrumental in shaping our approach to operations, governance and compensation strategies. Through this engagement process, we received valuable input from our stockholders on key areas of corporate governance, executive compensation, and risk management. In terms of governance, stockholders expressed confidence in the board’s diversity and appreciated the board’s skills matrix, while also emphasizing the importance of effective board oversight and ongoing efforts to strengthen board composition, including the consideration of additional independent directors.

In the area of executive compensation, we generally received positive feedback from the stockholders we met with regarding the changes implemented, particularly as they relate to the improvements in transparency and alignment with stockholder interests. In response, we have continued our emphasis on setting rigorous performance targets and remain focused on balancing long-term and short-term compensation elements to promote supportable value creation for our stockholders.

Finally, in the area of market and risk management, certain of the stockholders we met with highlighted the importance of proactive