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Cherry Hill Mortgage ( (CHMI) ) has issued an announcement.
On March 11, 2025, Cherry Hill Mortgage Investment Corporation expanded its Board of Directors from four to five members by appointing Dale S. Hoffman as a new director. Hoffman’s appointment, which includes roles on the compensation and nominating and corporate governance committees, is set to last until the 2025 annual stockholders meeting. The following day, March 12, 2025, the company adopted an Executive Severance Plan, effective immediately, covering key executives such as the CEO and CFO. The plan outlines conditions for severance payments in the event of qualifying terminations, including specific financial benefits and restrictive covenants.
More about Cherry Hill Mortgage
Cherry Hill Mortgage Investment Corporation operates in the financial services industry, focusing on mortgage investment. The company primarily engages in acquiring, investing in, and managing residential mortgage assets in the United States.
YTD Price Performance: 30.92%
Average Trading Volume: 342,020
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $110.5M
See more insights into CHMI stock on TipRanks’ Stock Analysis page.