Current Report Filing (8-k)
June 15 2018 - 3:12PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
June
15, 2018
Date
of Report (Date of earliest event reported)
ANWORTH
MORTGAGE ASSET CORPORATION
.
(Exact
Name of Registrant as Specified in its Charter)
Maryland
(State
or Other Jurisdiction of Incorporation)
001-13709
|
52-2059785
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
1299 Ocean Avenue, Second Floor, Santa Monica, California
|
90401
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(310)
255-4493
(
Registrant’s
Telephone Number, Including Area Code)
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933, as
amended, or Rule 12b-2 of the Exchange Act.
|
|
Emerging growth company ⃞
|
|
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ⃞
|
Item 5.02
|
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
|
(b) On June 15, 2018, Anworth Mortgage Asset Corporation (the
“Company”) announced that Mr. Lloyd McAdams, the Company’s Chairman of
the Board of Directors (the “Board”) and Chief Executive Officer, will
resign his position of Chief Executive Officer of the Company effective
September 30, 2018. He will remain as Chairman of the Board.
(c) The Company also announced that Mr. Joseph E. McAdams, age
49, has been appointed by the Board as the Company’s new Chief Executive
Officer effective September 30, 2018. Mr. Joseph E. McAdams was
appointed President of the Company in 2016, and has been a director on
the Board since 2002. Mr. McAdams was also an Executive Vice President
of our Company from June 2002 to December 2011 and Chief Investment
Officer of our Company from January 2003 to December 2011, and he
currently holds those positions with Anworth Management, LLC, the
external manager of the Company. Mr. Joseph E. McAdams holds a Master
of Arts degree in Economics from the University of Chicago and a
Bachelor of Science degree in Economics from the Wharton School of the
University of Pennsylvania. Mr. Joseph E. McAdams is also a Chartered
Financial Analyst charterholder.
Messrs. Lloyd McAdams and Joseph E. McAdams are father and son. Mr.
Joseph E. McAdams will continue to be eligible to participate in the
Company’s standard employee benefits plans. The description of the
transactions in which Mr. Joseph E. McAdams has an interest requiring
disclosure hereunder in accordance with Item 404(a) of Regulation S-K is
incorporated by reference herein from the section entitled “Certain
Relationships and Related Transactions” in the Company’s Definitive
Proxy Statement on Schedule 14A filed with the U.S. Securities and
Exchange Commission on March 12, 2018.
A copy of the press release announcing that Mr. Lloyd McAdams will
resign his position of Chief Executive Officer of the Company and the
appointment of Mr. Joseph E. McAdams as the Company’s new Chief
Executive Officer, each effective as of September 30, 2018, is filed as
Exhibit 99.1 to this Current Report on Form 8-K.
___________________________
As discussed therein, the press release contains forward-looking
statements within the meaning of the Securities Act of 1933, as amended,
and the Securities Exchange Act of 1934, as amended, and, as such, may
involve known and unknown risks, uncertainties and assumptions. These
forward-looking statements relate to the Company’s current expectations
and are subject to the limitations and qualifications set forth in the
Press Release as well as in the Company’s other documents filed with the
United States Securities and Exchange Commission, including, without
limitation, that actual events and/or results may differ materially from
those projected in such forward-looking statements.
Item 9.01
|
Financial Statements and Exhibits.
|
(a)
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Not Applicable.
|
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(b)
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Not Applicable.
|
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(c)
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Not Applicable.
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(d)
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Exhibits.
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Exhibit 99.1
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Press Release dated June 15, 2018
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
|
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ANWORTH MORTGAGE ASSET CORPORATION
|
|
|
|
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Date:
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June 15, 2018
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By:
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/s/ Lloyd McAdams
|
|
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|
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Chief Executive Officer
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