Impac Mortgage Holdings,Inc. (OTCMKTS:IMPHO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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Impac Mortgage Holdings,Inc. (OTCMKTS:IMPHO) 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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November21, 2017, William S. Ashmore notified Impac Mortgage Holdings,Inc. (the “Company”) that he is accelerating his resignation as President and as a member of the Board of Directors from December31, 2017, which was previously reported on a Current Report on Form8-K filed with the Securities and Exchange Commission on November7, 2017, to November21, 2017. Mr.Ashmore’s resignation as a member of the Board of Directors did not arise from any disagreement with the Company, known to an executive officer of the Company, or from any matter relating to the Company’s operations, policies or practices. Mr.Ashmore will continue to receive his current salary and health benefits until December31, 2017, the remainder of the term of his employment agreement. The terms of the Severance Agreement and General Release entered into on November1, 2017 remain the same.


About Impac Mortgage Holdings,Inc. (OTCMKTS:IMPHO)

Impac Mortgage Holdings, Inc. is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans. Its Real Estate Services segment provides various real estate related services and loss mitigation services, including managing distressed mortgage portfolios and foreclosed real estate assets; surveillance services for residential and multifamily mortgage portfolios; loan modification services, and the master servicing on various residential mortgage and multifamily loan pools for loans. It manages its long-term mortgage portfolio, which consists of residual interests in the securitization trusts reflected as trust assets and liabilities. Its Corporate segment includes corporate services groups, such as information technology, human resources, legal, facilities and accounting.