Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 52

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 52
---
 Company for Mr. Thakkar’s COBRA premium for an additional six-month
period beyond the 12-mointh period provided for in his Employment Agreement.

Governance

Compensation Committee Oversight

The compensation committee,
comprised entirely of independent members of our board of directors, is responsible for establishing and implementing our executive compensation
philosophy and for ensuring that the total compensation paid to our named executive officers and other executives is fair, competitive
and motivates high performance. The terms of the Employment Agreements, and actions on compensation under such employment agreements,
are under the primary direction of the compensation committee.

Under our executive compensation
philosophy, we provide compensation in the forms and at the levels that we believe will permit us to retain and motivate our existing
executives and to attract new executives with the skills and attributes that we need. The compensation program reflected in the employment
agreements is intended to provide appropriate and balanced incentives toward achieving our annual and long-term strategic objectives,
to support a performance-oriented environment based on the attainment of goals and objectives intended to benefit our company and our
stockholders, and to create an alignment of interests between our executives and our stockholders. The compensation program is designed
to place a greater weight on rewarding the achievement of longer-term objectives and financial performance of the Company.

Independent Compensation Consultant Used by the Compensation Committee

The compensation committee engaged
Frederic W. Cook & Co. (“FW Cook”) to advise the compensation committee on executive compensation design. As part of this
assignment, FW Cook reviewed the executive compensation levels, mix and design at our peer companies (discussed below), modeled incentive
compensation designs and advised the compensation committee on other competitive market practices more generally. FW Cook provides no
other services to the Company.

CEO and Management Have Limited Roles in Compensation Determinations

The compensation committee is
solely responsible for compensation decisions regarding our CEO, subject to ratification and confirmation by the independent members of
our Board. When making compensation recommendations for named executive officers other than the CEO, the compensation committee expects
to seek and consider the advice and counsel of the CEO, given his direct day-to-day working relationship with those executives. Taking
this feedback into consideration, the compensation committee will engage in discussions and makes final determinations related to compensation
paid to the named executive officers, consistent with the requirements of each employment agreement.

Use of Peer Group Data

In designing the new employment
agreements, the compensation committee engaged FW Cook to refresh our peer companies for