Federal Home Loan Mortgage Corporation (OTCMKTS:FMCC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Federal Home Loan Mortgage Corporation (OTCMKTS:FMCC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 9.01. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Story continues below

On January26, 2019, Thomas M. Goldstein notified Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation) of his resignation from FreddieMac’s Board of Directors (the “Board”), effective immediately, to focus on his health and family. Mr.Goldstein initially joined the Board of Directors in October 2014 and was most recently re-elected on February13, 2018 by written consent of the Federal Housing Finance Agency, FreddieMac’s Conservator.

A copy of the press release issued by Freddie Mac on January29, 2019 regarding Mr.Goldstein is filed as Exhibit 99.1 to this Current Report on Form8-K and is incorporated herein by reference.

Item 9.01. Other Events.

On January 29, 2019, Freddie Mac announced that Sara Mathew has been appointed to become non-executive chair of the Board. Ms. Mathew will succeed Christopher S. Lynch, who will retire, both as Board chair and as a Director, in February as required by the company’s ten-year limit for Board tenure.

A copy of the press release issued by Freddie Mac on January 29, 2019 regarding Ms. Mathew is filed as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The exhibits listed in the Exhibit Index below are being filed as part of this Current Report on Form 8-K.

Freddie Mac Form 8-K

FEDERAL HOME LOAN MORTGAGE CORP Exhibit
EX-99.1 2 d665082dex991.htm EX-99.1 EX-99.1 Exhibit 99.1       FOR IMMEDIATE RELEASE January 29,…
To view the full exhibit click here

About Federal Home Loan Mortgage Corporation (OTCMKTS:FMCC)

Federal Home Loan Mortgage Corporation is a government-sponsored enterprise (GSE). The Company is engaged in the investment of mortgage loans and mortgage-related securities. The Company operates in three segments: Single-family Guarantee, Multifamily and Investments. Its Single-family Guarantee segment reflects results from the Company’s single-family credit guarantee activities. The Multifamily segment reflects results from its investment, securitization and guarantee activities in multifamily loans and securities. The Investments segment reflects results from managing its mortgage-related investments portfolio, its treasury function and interest rate risk. It purchases residential mortgages originated by mortgage lenders. It packages the mortgage loans into mortgage-related securities, which are guaranteed by the Company and are sold in the global capital markets. It does not originate mortgage loans or lend money directly to consumers.

An ad to help with our costs