Company: AOMN
Filing Date: 2025-10-02
Form Type: 8-K
Source: 0001766478-25-000093
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Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-10-02
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

On October 1, 2025, Angel Oak Mortgage REIT, Inc., a Maryland corporation (the “ Company”), Angel Oak Mortgage Operating Partnership, LP, a Delaware limited partnership (the “ Operating Partnership”), and Falcons I, LLC, a Delaware limited liability company and the Company’s external manager (the “ Manager”), entered into a new management agreement (the “ New Management Agreement”) to supersede and replace in its entirety the Amended and Restated Management Agreement, dated as of May 1, 2024, among the Company, the Operating Partnership and the Manager (the “ Prior Management Agreement”). The New Management Agreement, which is substantially the same as the Prior Management Agreement except as described below, was entered into immediately following the closing on October 1, 2025 of the strategic transaction between Angel Oak Companies, LP, an affiliate of the Manager (“ Angel Oak Companies”), and Brookfield Asset Management Ltd. (“ Brookfield”), as such transaction is described in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (the “ Strategic Transaction”). Angel Oak Companies has advised the Company that the Strategic Transaction resulted in the current beneficial owners of Angel Oak Companies selling a majority of the outstanding beneficial ownership of Angel Oak Companies, and indirectly the Manager, to Brookfield. Angel Oak Companies has advised the Company that the Strategic Transaction is not expected to result in any material change in the day-to-day management of the Company, and will not result in any material changes to the Company’s investment objectives and strategies.

In accordance with the terms of the Prior Management Agreement, the Company and the independent members of the Company’s board of directors (the “ Board”) consented to the assignment of the Prior Management Agreement resulting from the closing of the Strategic Transaction. In addition, the Board, including the independent directors, approved the Company’s entrance into the New Management Agreement. As indicated above, the New Management Agreement supersedes and replaces in its entirety the Prior Management Agreement and, in connection with entering into the New Management Agreement, with the mutual agreement of the parties, the Prior Management Agreement was terminated as of October 1, 2025 without the payment of any termination fee.

As referenced above, the New Management Agreement is substantially similar to the Prior Management Agreement, the material terms of which are described in the Company’s Definitive Proxy Statement on Schedule 14A filed on April 2, 2025 in the section captioned