Company: CHMI-PB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001140361-25-014748
Chunk: 44

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 44
---
 of the overall size of the January 2023 LTIP Unit Pool). After establishing the overall size of the January 2024 LTIP Unit Pool, the Compensation Committee authorized Mr. Lown to allocate the LTIP Units to the NEOs and other personnel who support us at his discretion, with the final allocation subject to approval by the Compensation Committee. The Compensation Committee approved the final allocation of the LTIP Units in January 2024. In December 2023, the Compensation Committee determined that we had achieved the following strategic and operational goals, which had been assigned a 30% weighting, at the 100% level, and that our NEOs had a key role in achieving these goals:

| • | We maintained funding diversification to ensure sufficient availability and capacity maintenance. |

| • | We provided comprehensive and transparent public financial disclosure and enhanced operational efficiencies by developing new tools and processes across all investment ventures with the intention of modernizing and streamlining our systems and operations. |

| • | We took steps to improve our capital structure through various mechanisms to enhance return potential to our common stockholders. These steps included publicly announcing our intention to repurchase shares of our outstanding preferred stock through a $50 million preferred stock repurchase program. We intend to fund these repurchases with net proceeds from the issuance and sale of our common stock pursuant to our existing at-the-market offering program. During the year ended December 31, 2023, we issued and sold 6,470,004 shares of common stock under our at-the-market offering program. The shares were sold at a weighted average price of $4.87 per share for aggregate gross proceeds of approximately $31.5 million before fees of approximately $631,000. |

| • | We identified and integrated a new sub-servicer to replace Roundpoint Mortgage Servicing Corporation due to its recent acquisition by Matrix Financial Services Corporation, a wholly owned subsidiary of another publicly traded REIT, to ensure consistent and independent servicing quality to our portfolio of servicing-related assets. |

| • | We continued building on our advances with respect corporate social responsibility initiatives in the previous year and taking further steps to improve our corporate governance profile with institutional investors. |

| • | We minimized any material adverse audit issues, remained compliance with GSE covenants and regulation at Aurora, adhered to our investment risk reporting framework in order to mitigate exposure to market volatility and reduced liquidity in a rising interest rate environment. |

| • | We took steps to fortify our information technology infrastructure to bolster information security and resilience