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 OfficersItem 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.