As filed with the Securities and Exchange Commission on June 26, 2025
| Registration No. 333-198796 | ||
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Post-Effective Amendment No. 1
to
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
DYNEX CAPITAL, INC. (Exact name of registrant as specified in its charter) | |||||
Virginia (State or other jurisdiction of incorporation or organization) | 52-1549373 (I.R.S. Employer Identification No.) | ||||
4991 Lake Brook Drive, Suite 100 Glen Allen, Virginia (Address of Principal Executive Offices) | 23060-9245 (Zip Code) | ||||
DYNEX CAPITAL, INC. 401(k) PLAN
(Full title of the plan)
Robert S. Colligan
Michael A. Angelo, Esq.
4991 Lake Brook Drive, Suite 100
Glen Allen, Virginia 23060-9245
(Name and address of agent for service)
(804) 217-5800
(Telephone number, including area code, of agent for service)
Copies to:
Anna T. Pinedo, Esq.
Brian D. Hirshberg, Esq.
Mayer Brown LLP
1221 Avenue of the Americas
New York, NY 10020
(212) 506-2500
and
Susan S. Ancarrow, Esq.
Troutman Pepper Locke LLP
1001 Haxall Point
Richmond, VA 23219
(804) 697-1861
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☒ | Accelerated filer | ☐ | ||||||||
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||
| 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 7(a)(2)(B) of the Securities Act.
EXPLANATORY NOTE
DEREGISTRATION OF SECURITIES
On September 17, 2014, Dynex Capital, Inc. (the “Company” or the “Registrant”) filed a Registration Statement on Form S-8 (File No. 333-198796) (the “Registration Statement”) registering 250,000 shares of the Company’s Common Stock, $0.01 par value per share (the “Common Stock”) and an indeterminate amount of plan interests, to be offered and sold under the Dynex Capital, Inc. 401(k) Plan (the “Plan”).
Effective August 30, 2024, the Company terminated the Dynex Capital Employer Stock Fund in the Plan and is no longer offering the Company's securities pursuant to the Plan. In accordance with an undertaking made by the Company in the Registration Statement to remove from registration by means of a post-effective amendment any securities registered under the Registration Statement that remain unsold at the termination of the offering, the Company hereby deregisters by means of this Post-Effective Amendment No. 1 any securities registered under the Registration Statement that remain unsold as of the date hereof.
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1
SIGNATURES
The Registrant: Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Glen Allen, Commonwealth of Virginia, on June 26, 2025.
Dynex Capital, Inc. (Registrant) | ||||||||
| By: | /s/ Robert S. Colligan | |||||||
Robert S. Colligan | ||||||||
Chief Financial Officer and Chief Operating Officer | ||||||||
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Byron L. Boston, Smriti L. Popenoe and Robert S. Colligan, and each of them, with full power to act without the others, such person’s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign this Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 and any and all other post-effective amendments and supplements to the Registration Statement filed under the Securities Act of 1933, and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 has been signed below by the following persons in the capacities and on the date indicated.
| Signature | Title | Date | ||||||||||||
| /s/ Byron L. Boston | June 26, 2025 | |||||||||||||
| Byron L. Boston | Co-Chief Executive Officer and Chairman of the Board (Co-Principal Executive Officer) | |||||||||||||
| /s/ Smriti L. Popenoe | June 26, 2025 | |||||||||||||
| Smriti L. Popenoe | Co-Chief Executive Officer, President and Director (Co-Principal Executive Officer) | |||||||||||||
| /s/ Robert S. Colligan | June 26, 2025 | |||||||||||||
| Robert S. Colligan | Chief Financial Officer and Chief Operating Officer (Principal Financial Officer) | |||||||||||||
| /s/ Jeffrey L. Childress | June 26, 2025 | |||||||||||||
| Jeffrey L. Childress | Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) | |||||||||||||
| /s/ Julia L. Coronado | June 26, 2025 | |||||||||||||
| Julia L. Coronado | Lead Independent Director | |||||||||||||
| /s/ Marie A. Chandoha | June 26, 2025 | |||||||||||||
| Marie A. Chandoha | Director | |||||||||||||
| /s/ Alec I. Crawford | June 26, 2025 | |||||||||||||
| Alec I. Crawford | Director | |||||||||||||
| /s/ Andrew I. Gray | June 26, 2025 | |||||||||||||
| Andrew I. Gray | Director | |||||||||||||
| /s/ Joy D. Palmer | June 26, 2025 | |||||||||||||
| Joy D. Palmer | Director | |||||||||||||
The Plan: Pursuant to the requirements of the Securities Act of 1933, the trustee (or other person who administers the Dynex Capital, Inc. 401(k) Plan) has duly caused this Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Glen Allen, Commonwealth of Virginia, on June 26, 2025.
| Dynex Capital, Inc. 401(k) Plan | ||||||||
| By: | /s/ Jeffrey L. Childress | |||||||
| Jeffrey L. Childress | ||||||||
Senior Vice President and Chief Accounting Officer | ||||||||