MFA Financial Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) On June 3, 2025, MFA Financial, Inc. (together with its subsidiaries, the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”), at which the Company's stockholders approved the Company’s Equity Compensation Plan (the “Equity Compensation Plan”), which is an amendment and restatement of the Company’s previous equity compensation plan. The Equity Compensation Plan became effective upon the approval of the Company’s stockholders at the Annual Meeting (see Item 5.07 below).
The Equity Compensation Plan is intended to provide incentives to key officers and employees and directors of the Company and others expected to provide significant services to the Company to encourage a proprietary interest in the Company, to retain current employees and attract new employees to the Company and to provide additional incentives to others to increase their efforts in providing significant services to the Company.
A description of the material terms of the Equity Compensation Plan is included in the Company’s definitive proxy statement (the “Proxy Statement”) filed with the Securities and Exchange Commission on April 18, 2025, under the heading “Proposal 4. Approval of the MFA Financial, Inc. Equity Compensation Plan, as Amended and Restated” and is incorporated herein by reference. A copy of the Equity Compensation Plan, which is attached to the Proxy Statement as Appendix E, is filed as Exhibit 10.1 to this Form 8-K and is also incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
As indicated above, on June 3, 2025, the Company held its 2025 Annual Meeting. The Annual Meeting was held for the purpose of: (i) electing two Class III directors to serve on the Board until the 2028 Annual Meeting of Stockholders and until their successors are duly elected and qualify; (ii) considering and voting on the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025; (iii) considering and voting on an advisory (non-binding) resolution to approve the Company’s executive compensation; and (iv) considering and voting on the Company’s Equity Compensation Plan.
As disclosed in the Company’s proxy statement, dated April 18, 2025, as of April 8, 2025 (the record date for stockholders of the Company entitled to notice of and to vote at the Annual Meeting), the Company had issued and outstanding 102,652,862 shares of common stock, each of which was entitled to one vote at the Annual Meeting. A quorum of 77,942,531 shares of common stock of the Company, which represented approximately 75.93% of the issued and outstanding shares of common stock, was present in person or by proxy at the Annual Meeting.
The final voting results for each of the proposals submitted to a vote of stockholders at the Annual Meeting are set forth below.
Proposal 1. The two nominees for election to the Board were elected to serve on the Board until the 2028 Annual Meeting of Stockholders and until their successors are duly elected and qualify, based on the following votes:
| Name
of Class III Nominee | For | Against | Abstain | Broker Non-Votes | ||||||||||||
| Lisa Polsky | 54,622,299 | 3,601,944 | 283,065 | 19,435,223 | ||||||||||||
| Christopher Small | 57,688,374 | 512,619 | 306,315 | 19,435,223 | ||||||||||||
As indicated above, each of the nominees for director received over a majority of votes cast on a per director basis, and therefore, each of the nominees has been duly elected to serve as a Class III director of the Company.
Proposal 2. The ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was approved, based on the following votes:
| For | Against | Abstentions | ||||||||
| 76,909,893 | 575,855 | 456,783 | ||||||||
Proposal 3. The proposal to consider, on an advisory (non-binding) basis, the Company’s executive compensation was approved, based on the following votes:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 56,166,308 | 1,801,099 | 539,901 | 19,435,223 | |||||||||||
Proposal 4. The proposal to consider the Company’s Equity Compensation Plan (which amended and restated of the Company’s previous equity compensation plan) was approved, based on the following votes:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 56,262,422 | 1,832,094 | 412,792 | 19,435,223 | |||||||||||
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| 10.1 | MFA Financial, Inc. Equity Compensation Plan |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
SIGNATURE
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.
| MFA FINANCIAL, INC. | |
| (REGISTRANT) |
| By: | /s/ Harold E. Schwartz | |
| Name: Harold E. Schwartz | ||
| Title: Senior Vice President and General Counsel |
Date: June 5, 2025
EXHIBIT INDEX
| Exhibit No. | Description |
| 10.1 | MFA Financial, Inc. Equity Compensation Plan |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |