Company: AOMN
Filing Date: 2025-10-02
Form Type: 8-K
Source: 0001766478-25-000093
Chunk: 1

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-10-02
Form: 8-K
Item: Item 1.01
Chunk 1
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 “ Certain Relationships and Related Party Transactions - Management Agreement,” which description is incorporated herein by reference. The New Management Agreement reflects two substantive changes from the Prior Management Agreement. The Prior Management Agreement required the Company to reimburse the Manager for a share of the wages, salaries and benefits incurred by the Manager with respect to the Company’s Chief Executive Officer and President, based upon the percentage of such person’s working time relating to the Company. Under the New Management Agreement, this provision was modified to provide that, for so long as Sreeni Prabhu serves as the Company’s Chief Executive Officer and President, the Manager will not be entitled to be reimbursed for the costs of his wages, salaries and benefits unless Mr. Prabhu devotes 100% of his working time on matters related to the Company and its subsidiaries (which is not currently the case), and any such reimbursement is approved in advance by at least two-thirds of the independent directors. In addition, under the New Management Agreement, with respect to the Company’s annual right to decline to renew the Management Agreement without cause upon the affirmative vote of at least two-thirds of the independent directors based upon a determination that the compensation payable to the Manager is not fair, it was clarified that any such determination will take into account amounts sought for expense reimbursement.

A copy of the New Management Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 1.02 Termination of a Material Definitive Agreement.