Company: FREJN
Filing Date: 2025-12-16
Form Type: 8-K
Source: 0001026214-25-000131
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Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-12-16
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 December 16, 2025, Freddie Mac (formally the Federal Home Loan Mortgage Corporation) announced that Kenny M. Smith has been appointed as Chief Executive Officer, effective December 17, 2025. Mr. Smith also will become a member of Freddie Mac’s Board of Directors (the Board) on December 17, 2025.

Mr. Smith, age 64, is a retired senior principal of Deloitte Consulting LLP (“ Deloitte”) where he served since 1993, including as Vice Chairman, U. S. Financial Services Industry Leader from 2015 to 2020. While at Deloitte, he also served as Global Lead Client Service Partner for Wells Fargo & Company from 2008 to 2019, and as a senior industry advisory partner for numerous clients. Mr. Smith has extensive Board experience including serving on the Deloitte Board Council, the Deloitte Nominating Committee, the National Council of Real Estate Fiduciaries Board and several community, private club, and charitable organizations.

Freddie Mac has entered into a Memorandum Agreement with Mr. Smith, which provides for his employment as Chief Executive Officer of Freddie Mac. Mr. Smith’s direct compensation as Chief Executive Officer will consist solely of base salary at the rate of $600,000 per year, pro-rated for the period of service in 2025. Mr. Smith will also be eligible to receive employee benefits, as described inFreddie Mac’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 12, 2025 (the 2024 Annual Report).