# EDGAR Filing Document

**Accession Number:** 0001043219
**File Stem:** 0001628280-23-008096
**Filing Date:** 2023-3
**Character Count:** 14675
**Document Hash:** 11e326b2e5fb5a548b78b4e2e8957edd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-008096.hdr.sgml**: 20230315

**ACCESSION NUMBER**: 0001628280-23-008096

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230313

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230315

**DATE AS OF CHANGE**: 20230315

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ANNALY CAPITAL MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001043219
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 223479661
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13447
- **FILM NUMBER:** 23735364

**BUSINESS ADDRESS:**
- **STREET 1:** 1211 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212 696 0100

**MAIL ADDRESS:**
- **STREET 1:** 1211 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANNALY MORTGAGE MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19970729

?xml version="1.0" ? nly-20230313

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported)

March 13, 2023

**&nbsp;&nbsp;&nbsp;&nbsp; Annaly Capital Management Inc** 

(Exact Name of Registrant as Specified in its Charter)

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| | | | |
|:---|:---|:---|:---|
| **Maryland** | **Maryland** | **1-13447** | **22-3479661** |
| (State or other jurisdiction of incorporation or organization) | (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) |
| **1211 Avenue of the Americas** | **1211 Avenue of the Americas** | | |
| **New York,** | **New York** | | **10036** |
| (Address of principal executive offices) | (Address of principal executive offices) | | (Zip Code) |

---

Registrant's telephone number, including area code: **(212) 696-0100** 

**Not Applicable**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
| Common Stock, par value $0.01 per share | NLY | New York Stock Exchange |
| 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | NLY.F | New York Stock Exchange |
| 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | NLY.G | New York Stock Exchange |
| 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock | NLY.I | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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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 March 13, 2023, the Board of Directors (the "Board") of Annaly Capital Management, Inc. (the "Company") elected Martin Laguerre as a member of the Board, effective immediately. Mr. Laguerre has been appointed to the Board's Audit Committee and Corporate Responsibility Committee, and will stand for re-election to the Board at the Company's 2023 Annual Meeting of Stockholders for a term of one year.

The Board determined that Mr. Laguerre is an independent director within the meaning of the New York Stock Exchange listing standards and is an "audit committee financial expert" for purposes of the Securities and Exchange Commission ("SEC") rules. There are no arrangements or understandings between Mr. Laguerre and any other person pursuant to which he was elected. There are also no family relationships between Mr. Laguerre and any director or executive officer of the Company, and Mr. Laguerre does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

In connection with the election of Mr. Laguerre, the Board increased its size from ten to eleven directors. The Company will enter into its standard form of indemnification agreement with Mr. Laguerre, a copy of which is filed as Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with the SEC on March 20, 2017. Mr. Laguerre will also participate in the non-employee director compensation arrangements established by the Company for non-employee directors, as described under "Compensation of Directors" in the Company's definitive proxy statement on Schedule 14A filed with the SEC on April 6, 2022.

**Item 7.01 Regulation FD Disclosure.**

On March 15, 2023, the Company issued a press release (the "Press Release") announcing the expansion of the Board and the election of Mr. Laguerre as a member of the Board effective March 13, 2023. A copy of the Press Release is being furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The Press Release is being furnished pursuant to Item 7.01, and the information contained therein shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| <u>[99.1](a8k230315ex991.htm)</u> | <u>[Press Release, dated March 15, 2023, issued by Annaly Capital Management, Inc.](a8k230315ex991.htm)</u> |
| 101 | Pursuant to Rule 406 of Regulation S-T, the cover page information is formatted in iXBRL (Inline eXtensible Business Reporting Language). |
| 104 | Cover page interactive data file (formatted in iXBRL in Exhibit 101). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ANNALY CAPITAL MANAGEMENT, INC. | ANNALY CAPITAL MANAGEMENT, INC. |
| (REGISTRANT) | (REGISTRANT) |
| By: | /s/ Anthony C. Green |
|  | Name: Anthony C. Green |
|  | Title: Chief Corporate Officer & Chief Legal Officer |

---

Dated: March 15, 2023

## Exhibit 99.1

<br>![image_0a.jpg](image_0a.jpg)<br>

**Annaly Capital Management, Inc. Expands Board with Election of Martin Laguerre**

NEW YORK -- (March 15, 2023) -- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") announced today that the Board of Directors of the Company (the "Board") has elected Martin Laguerre, Senior Advisor at Warburg Pincus, as an independent member of the Board, effective March 13, 2023.

"We are thrilled to appoint Martin to our Board and as a member of our Audit and Corporate Responsibility Committees," said Michael Haylon, Chair of Annaly's Board of Directors. "With his more than 25-year career in financial services, Martin brings extensive investment, financial and leadership expertise that will help further our strategic priorities across the housing finance market. We look forward to working with Martin and benefitting from his unique background and perspectives."

"As the largest mortgage REIT, Annaly has distinguished itself as a leading source of private capital in the U.S. housing market, and I am delighted to work with the Board and management team to enhance the Company's position in the residential mortgage sector," said Mr. Laguerre. "I look forward to leveraging my experience and network to continue delivering durable value to our shareholders and the communities we serve."

Mr. Laguerre has served as a Senior Advisor working with the Capital Solutions, Financial Services and Business Services groups at Warburg Pincus since February 2023. From 2019 to 2022, Mr. Laguerre served as Executive Vice President and Global Head of Private Equity and Managing Director of Capital Solutions at Caisse de dépôt et placement du Québec ("CDPQ"), a Canadian pension fund. From 2016 to 2019, Mr. Laguerre was a Senior Principal at CPP Investment Board (formerly CPPIB), a Canadian pension fund. From 2010 to 2016, Mr. Laguerre was Managing Director at General Electric Power & Water, where he was involved in the firm's mergers and acquisitions and integration strategy for renewable energy. Prior to joining General Electric, Mr. Laguerre held various corporate roles at IPG Photonics Corporation, a U.S. manufacturer of fiber lasers, and at DLJ, Credit Suisse, and Lehman Brothers Investment Banking in New York.

Since January 2023, Mr. Laguerre has served as an independent board member of BGC Partners, Inc., a leading global brokerage and financial technology company. Representing CDPQ, Mr. Laguerre previously served as a board member of Sagen MI Canada, a Canadian mortgage insurance provider. Representing CPP Investment Board, Mr. Laguerre previously served as a board member of Cordelio Power Inc., a North American renewable energy operating company, Auren Energia SA (formerly Votorantim Energia), a Brazilian renewable energy holding company, and a joint venture in select North American onshore renewable power assets of Enbridge Inc.

Mr. Laguerre has been a CFA Charterholder from the CFA Institute since 2000. Mr. Laguerre holds a Bachelor of Commerce from McGill University, and an MBA from the University of Chicago's Booth School of Business. He is a Desautels' Global Expert at McGill University's Desautels Faculty of Management.

Mr. Laguerre will stand for re-election to the Board at the Company's 2023 Annual Meeting of Stockholders for a term of one year. Mr. Laguerre has been appointed to the Board's Audit and Corporate Responsibility Committees.

------

**About Annaly**

Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly's principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com.

**Forward-Looking Statements**

This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "may," "will," "should," "estimate," "project," "believe," "expect," "anticipate," "continue," or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financing; changes in the market value of our assets; changes in business conditions and the general economy; our ability to grow our residential credit business; our ability to grow our mortgage servicing rights business; credit risks related to our investments in credit risk transfer securities and residential mortgage-backed securities and related residential mortgage credit assets; risks related to investments in mortgage servicing rights; the our ability to consummate any contemplated investment opportunities; changes in government regulations or policy affecting our business; our ability to maintain our qualification as a REIT for U.S. federal income tax purposes; our ability to maintain our exemption from registration under the Investment Company Act of 1940; operational risks or risk management failures by us or critical third parties, including cybersecurity incidents; and risks and uncertainties related to the COVID-19 pandemic, including as related to adverse economic conditions on real estate-related assets and financing conditions. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law.

**Contact**

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

investor@annaly.com

<br>