Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 24

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 24
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rs. Chavers and Creagh and Ms. Still.
Mr. Creagh chairs the compensation committee, whose principal functions are to:

| ● | evaluate the performance of and determine the compensation for the Company’s executive officers;                                                                                           |
| ● | review and recommend to the independent directors for approval the compensation of the Company’s Chief Executive Officer;                                                                  |
| ● | oversee, as and to the extent described herein, the type, design, implementation, administration, interpretation and amendment of the Company’s compensation plans, policies and programs; |
| ● | recommend to the Board compensation for non-employee directors; and                                                                                                                        |
| ● | produce annual reports on compensation for inclusion in the Company’s proxy statement and prepare any report relating to compensation required by the rules and regulations of the SEC.    |

For a discussion of the governance
of our executive compensation, see “Compensation Discussion and Analysis – Governance of Our Executive Compensation Program.”

Our Board of Directors has determined
that all directors serving on the compensation committee are independent members of the compensation committee under the current NYSE
independence requirements and SEC rules.

For additional information on the
compensation committee, please see “Compensation Committee Report” below.

Audit Committee

Our Board of Directors has
established an audit committee, which is currently composed of three of our independent directors, Messrs. Reilly and Creagh and Ms. Walsh.
Mr. Reilly chairs the audit committee. Our Board of Directors has determined that each of Mr. Reilly and Ms. Walsh is an audit committee
financial expert, as that term is defined by the SEC. Each of the members of the audit committee is “financially literate”
under the rules of the NYSE. The committee assists the Board of Directors in overseeing:

| ● | the integrity of the Company’s financial statements;                                                                                                             |
| ● | the Company’s compliance with legal and regulatory requirements;                                                                                                 |
| ● | the independent registered public accounting firm’s qualifications and independence;                                                                             |
| ● | the performance of the Company’s system of disclosure controls and procedures and internal audit function and independent registered public accounting firm; and |
| ● | the annual preparation of the audit committee report to be included in the Company’s proxy statement as required by the rules of the SEC.                        |

The audit committee is also
responsible for engaging our independent registered public accounting firm, reviewing with the independent registered public accounting
firm the plans and results of the audit engagement, approving professional services provided by the independent registered public accounting
firm