NEW YORK MORTGAGE TRUST, INC. (NASDAQ:NYMT) 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.
NEW YORK MORTGAGE TRUST, INC. (NASDAQ:NYMT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 8, 2017, the Compensation Committee of the Board of Directors of New York Mortgage Trust, Inc. (the “Company”) determined that Kevin M. Donlon will be slotted into the Company’s 2013 Incentive Compensation Plan, as amended, for the 2016 fiscal year (the “2016 Bonus Plan”) in a manner similar to the Company’s Chief Executive Officer (“CEO”). As such, Mr. Donlon’s incentive compensation under the 2016 Bonus Plan is weighted such that 80% is based on performance under the quantitative component and 20% under the qualitative component contained in the 2016 Bonus Plan. In addition, the quantitative and qualitative performance measure hurdles and corresponding payout percentages for Mr. Donlon, as well as the calculation of the amount of aggregate compensation that is required to be paid in restricted common stock of the Company will be consistent with those previously established for the CEO. Mr. Donlon was named the President of the Company on May 16, 2016 and his employment agreement with the Company provides that he is eligible to participate in the Company’s 2016 Bonus Plan.
About NEW YORK MORTGAGE TRUST, INC. (NASDAQ:NYMT)
New York Mortgage Trust, Inc. is a real estate investment trust. The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. Its investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and commercial real estate-related debt investments, and Agency residential mortgage-backed securities (RMBS). It may also acquire and manage various other types of mortgage-related and financial assets, including non-Agency RMBS, collateralized mortgage obligations and securities issued by newly originated residential securitizations, including credit sensitive securities from these securitizations. NEW YORK MORTGAGE TRUST, INC. (NASDAQ:NYMT) Recent Trading Information
NEW YORK MORTGAGE TRUST, INC. (NASDAQ:NYMT) closed its last trading session up +0.02 at 6.61 with 658,628 shares trading hands.
New York Mortgage Trust, Inc. is a real estate investment trust. The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. Its investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and commercial real estate-related debt investments, and Agency residential mortgage-backed securities (RMBS). It may also acquire and manage various other types of mortgage-related and financial assets, including non-Agency RMBS, collateralized mortgage obligations and securities issued by newly originated residential securitizations, including credit sensitive securities from these securitizations. NEW YORK MORTGAGE TRUST, INC. (NASDAQ:NYMT) Recent Trading Information
NEW YORK MORTGAGE TRUST, INC. (NASDAQ:NYMT) closed its last trading session up +0.02 at 6.61 with 658,628 shares trading hands.
