Company: CHMI-PB
Filing Date: 2025-05-27
Form Type: 8-K
Source: 0001140361-25-020506
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Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-05-27
Form: 8-K
Item: Item 5.02
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Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

Resignation of Chief Financial Officer

On May 21, 2025, Michael A. Hutchby, the Chief Financial Officer, Treasurer and Secretary, of Cherry Hill Mortgage Investment Corporation
(the “ Company”), notified the Company that he is resigning as an officer of the Company and that he will no longer be employed by the Company effective as of June 22, 2025. Mr. Hutchby is resigning to pursue another professional opportunity and not
on account of any disagreement with the Company’s management, Board of Directors or internal or external auditors on any matter relating to the Company’s operations, policies or practices.

Appointment of Interim Chief Financial Officer

In connection with Mr. Hutchby’s resignation, on May 27, 2025, the Company’s Board of Directors appointed Apeksha Patel as the Company’s
Interim Chief Financial Officer, Treasurer and Secretary effective as of June 22, 2025.

Ms. Patel, age 39, has served as the Company’s Controller since June 2019, following her role as the Assistant Controller from August
2017 to June 2019. Prior to joining Cherry Hill, she held positions at Mazars USA LLP and SB Partners LLP. She holds a Bachelor of Commerce degree from Ryerson University and is a licensed Certified Public Accountant (CPA) in New Jersey.

The terms of Ms. Patel’s employment with the Company are set forth in an offer letter, dated May 27, 2025. The offer letter specifies
that Ms. Patel will receive an annual base salary of $240,000 until June 22, 2025. Beginning on June 22, 2025, Ms. Patel will receive an annual base salary of $300,000 until December 31, 2025 and a guaranteed cash bonus of $100,000 payable in the
first quarter of 2026. Beginning in January 2026, Ms. Patel will be eligible to participate in any non-equity incentive plan approved by the Board’s compensation committee and to receive an annual discretionary cash bonus at year-end, subject to the
terms of any bonus plan approved by the Board’s compensation committee. The payment of non-equity incentive plan compensation and discretionary cash bonus compensation in future years is not guaranteed, and Ms. Patel must be employed by the Company
on