Company: AOMN
Filing Date: 2025-06-17
Form Type: 8-K
Source: 0001766478-25-000065
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Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-06-17
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.

On June 17, 2025, the Board of Directors (the “ Board”) of Angel Oak Mortgage REIT, Inc. (the “ Company”) appointed Tian ce (David) Zhong as a director, effective June 17, 2025, with a term expiring at the 2026 annual meeting of the Company’s stockholders. Mr. Zhong fills a vacant seat which was created due to the resignation of a previous Board member in June 2025.

Mr. Zhong is the designee to the Board of an affiliate of Morgan Stanley & Co. LLC (the “ MS Investor”) pursuant to a shareholder rights agreement (the “ MS Shareholder Rights Agreement”) among the Company, our external manager, Falcons I, LLC, and the MS Investor, which, as described further below, entitles the MS Investor to designate a nominee to fill the vacancy on the Board created by the resignation of the MS Investor’s previous designee in June 2025. Mr. Zhong has not been determined to be “independent” under the corporate governance standards of the New York Stock Exchange.

In accordance with the MS Shareholder Rights Agreement, Mr. Zhong will not be entitled to receive compensation for his service as a director. Mr. Zhong has entered into an indemnification agreement in substantially the same form as the indemnification agreement filed as Exhibit 10.26 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on March 24, 2025. Mr. Zhong has not been appointed to serve on any committees of the Board.

Pursuant to the MS Shareholder Rights Agreement, the MS Investor, subject to certain limitations, has the right to designate one nominee for election to the Board, and to fill any vacancy created by reason of the resignation, removal or other departure of such nominee, for so long as the MS Investor and its affiliates beneficially own, in the aggregate, shares of the Company’s common stock representing at least 10% of the shares of common stock then outstanding (excluding shares of common stock that are subject to issuance upon the exercise or exchange of rights of conversion, or any options, warrants or other rights to acquire shares of common stock).

  Exhibit No.      Description                                                                  
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