Company: CHMI-PB
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001140361-25-014748
Chunk: 18

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 18
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 By virtue of his position of chairperson of the Nominating and Corporate Governance Committee, Mr. Murin also serves as the lead independent director. The Board has determined that each member of the Nominating and Corporate Governance Committee is “independent” within the meaning of the applicable standards of the NYSE. The Nominating and Corporate Governance Committee held four meetings in 2024. The primary purpose of the Nominating and Corporate Governance Committee is to assist the Board by: (i) identifying individuals qualified to become members of the Board, consistent with any guidelines and criteria approved by the Board; (ii) considering and recommending director nominees for the Board to select in connection with each annual meeting of stockholders; (iii) considering and recommending nominees for election to fill any vacancies on the Board and to address related matters; (iv) developing and recommending to the Board corporate governance guidelines applicable to us; (v) overseeing an annual evaluation of the Board’s and management’s performance; (vi) providing counsel to the Board with respect to the organization, function and composition of the Board and its committees; and (vii) overseeing corporate actions and disclosure, as is determined to be necessary and advisable, relating to material environmental, social and governance matters that may impact long-term performance and risk management strategies in anticipation of changing investor demands and regulatory requirements. 13

TABLE OF CONTENTS

Special Committee In 2024, the Board formed a special committee (the “Special Committee”) to explore strategic alternatives aimed at maximizing stockholder value. Comprised solely of independent and disinterested directors, the Special Committee considered a wide range of options, including potential business combinations, asset sales, and internalizing the Company’s management. The Special Committee recommended to the Board that it was in the best interests of the Company and its stockholders to internalize management. The Special Committee was comprised of Mr. Murin, Mr. Mercer and Ms. Cook, with Mr. Murin, the Company’s lead independent director, serving as the committee’s chairman. In 2024, the Special Committee held 44 formal meetings and conducted additional informal discussions throughout the process. Board Leadership Structure The Board has not established a fixed policy regarding the separation of the roles of Chief Executive Officer and Chairman of the Board. As of the date of this Proxy Statement, the Board has not named a director to act as Chairman of the Board. Risk Management Oversight Risk management begins with the Board, through review and oversight of the Company’s risk management framework, and continues with executive management