AGNC INVESTMENT CORP. (NASDAQ:AGNC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02(b). Departure of Director
On March 25, 2019, Larry K. Harvey notified AGNC Investment Corp. (the “Company”) of his decision not to stand for re-election to the Company’s Board of Directors at the annual meeting of stockholders to be held on April 18, 2019 (the “Annual Meeting”). Mr. Harvey’s decision not to stand for re-election is not the result of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
In light of this decision, the Board has decreased the size of the Board from six to five members, effective upon the certification of the results of the vote at the Company’s Annual Meeting, and therefore no other nominee for election at the Annual Meeting will be named in Mr. Harvey’s place.
About AGNC INVESTMENT CORP. (NASDAQ:AGNC)
AGNC Investment Corp., formerly American Capital Agency Corp., is an internally managed real estate investment trust (REIT). The Company primarily invests on a leveraged basis in agency mortgage-backed securities (agency MBS). The Company’s investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs). The Company also invests in other assets related to agency securities and approximately 10% of its assets in AAA non-agency and commercial mortgage-backed securities (collectively, AAA non-agency MBS).
