Every 8-K that BIMINI CAPITAL MGMT INC A (BMNM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BMNM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BMNM filings page.
Bimini Capital Management, Inc. (BMNM) reported that on September 14, 2026, Richard H. Parry was appointed to its board as a Class II director, with a term expiring at the 2029 annual meeting of stockholders. Parry, 68, is President and Chief Investment Officer of Tom Johnson Investment Management, LLC (TJIM), an 80%-owned subsidiary.
The company previously acquired eighty percent of TJIM’s fully diluted equity interests on April 1, 2026 for $12,318,492 from trusts affiliated with Parry and his wife, and a trust affiliated with Parry retains an equity interest in TJIM. The filing notes Parry’s direct material interest in this transaction and that his son-in-law, Nicholas J. Pointer, is a TJIM employee with aggregate annual compensation exceeding $120,000. Parry will not receive separate board compensation and is not expected to serve on any board committee.
Bimini Capital Management reported stronger profitability for 2026 to date, driven by fee-based growth and a strategic shift toward investment advisory. For the six months ended June 30, 2026, the company generated net income of $1.2 million, or $0.12 per share, with second-quarter net income of $0.4 million, or $0.04 per share.
Advisory services have become the main earnings engine. Advisory revenue reached $11.9 million for the first half of 2026 and $6.8 million in the second quarter, reflecting higher management fees from Orchid Island Capital and the first-time contribution from the April 1 acquisition of 80% of Tom Johnson Investment Management (TJIM), which generated $1.7 million of fees in the quarter and managed $1.7 billion in assets at June 30, 2026.
To fund the TJIM acquisition, Bimini liquidated most of its agency MBS portfolio, reducing mortgage-backed securities from about $88.9 million at year-end 2025 to $16.0 million at June 30, 2026, sharply lowering MBS interest income and repurchase funding costs. Book value per share was $1.38, based on stockholders’ equity of $13.8 million and 9,990,256 Class A shares outstanding. Total assets were $64.4 million, with $15.0 million of repurchase agreements at a 3.76% weighted average rate and liquidity of $7.6 million.
Bimini Capital Management, Inc. filed an amended report to add audited financials for Tom Johnson Investment Management, LLC (TJIM) and unaudited pro forma financial information related to its April 1, 2026 acquisition of 80% of TJIM for approximately $12.3 million.
TJIM generated 2025 advisory and other revenues of $6.2 million and net income of $1.7 million, with members’ equity of $608,005 at year-end. The pro forma 2025 combined statement shows net income attributable to Bimini of $4.3 million and basic and diluted earnings per share of $0.43, illustrating how TJIM would have affected Bimini’s 2025 results.
Bimini Capital Management, Inc. reported the results of its annual shareholder meeting held on June 9, 2026. Stockholders voted on electing one Class II director, ratifying the independent auditor, approving an amendment to the Company’s Rights Agreement, and giving an advisory vote on 2025 executive compensation.
As of the April 16, 2026 record date, 10,034,668 shares of common stock were outstanding and entitled to vote. Robert E. Cauley was elected as a Class II director to serve until the 2029 annual meeting. Stockholders also ratified the appointment of BDO USA, P.C. as independent registered public accounting firm for the year ending December 31, 2026, approved the First Amendment to the Rights Agreement, and approved the non-binding advisory resolution on 2025 executive compensation.
Bimini Capital Management reported stronger results for the three months ended March 31, 2026 and closed a major acquisition. Net income was about $0.8 million, or $0.08 per share, up from $0.6 million, or $0.06 per share, a year earlier.
Advisory services revenue rose to $5.1 million, a 9% increase over the prior quarter and 43% above the first quarter of 2024, largely driven by growth in stockholders’ equity at Orchid Island Capital, which Bimini manages. Book value per share increased to $1.34, with stockholders’ equity of $13.4 million and 10,005,457 Class A shares outstanding.
On April 1, 2026, Bimini completed the acquisition of 80% of Tom Johnson Investment Management, a registered investment adviser with about $1.6 billion of assets under management. To fund this, Bimini liquidated most of its Agency MBS portfolio, reducing mortgage-backed securities from $88.9 million to $16.1 million and repurchase agreements from $85.3 million to $15.2 million, while maintaining an MBS strategy with lower leverage and liquidity of about $16.5 million.
Bimini Capital Management, Inc., through its wholly owned subsidiary Bimini Advisors Holdings, completed the acquisition of 80% of Tom Johnson Investment Management, LLC (“TJIM”), a registered investment adviser. The purchase price was $12,318,492, equal to 2.5 times 80% of TJIM’s 2025 revenue, with $12,000,000 paid in cash at closing and the remaining $318,492 due on the first anniversary with 5% annual interest.
Richard Parry’s trust retains a 20% stake, subject to put and call rights after the third anniversary of closing, using the same pricing formula and conditioned on TJIM achieving at least a 30% EBITDA margin over the prior twelve months. TJIM has approximately $1.63 billion of assets under management, and its principal and staff entered new employment or offer agreements to support continuity and future equity participation.
Bimini Capital Management reported a strong turnaround for 2025 and announced a new share repurchase plan. Net income was $5.8 million, or $0.58 per share, for the year ended December 31, 2025, compared with a prior-year loss. Fourth-quarter net income was $3.4 million. Advisory services revenue rose to $16.6 million from $12.8 million, driven largely by managing Orchid Island Capital’s portfolio. Book value per share increased to $1.26 at December 31, 2025, with stockholders’ equity of $12.6 million and 10,005,457 Class A shares outstanding.
The mortgage-backed securities portfolio declined from $122.3 million to $88.9 million, while repurchase agreements fell to $85.3 million. The portfolio’s effective duration shortened, reducing interest-rate sensitivity. The Board authorized a Rule 10b5-1 plan to repurchase up to $2.5 million of Class A Common Stock over 24 months, funded from available cash. Bimini also highlighted its pending acquisition of 80% of Tom Johnson Investment Management, which had about $1.6 billion of assets under management, to expand and diversify its advisory business.
Bimini Capital Management, Inc., through its indirect wholly owned subsidiary Bimini Advisors Holdings, LLC, agreed to acquire eighty percent of the fully diluted equity interests of Tom Johnson Investment Management, LLC (TJIM), a registered investment adviser. The remaining twenty percent equity interest will be retained by the Richard Parry Living Trust, with a contractual mechanism allowing Bimini’s subsidiary, beginning on the third anniversary of closing, to require the trust to sell this retained interest using the same pricing formula. Completion of the transaction depends on customary conditions, including financial, legal and regulatory due diligence and obtaining required consents, including from TJIM’s existing clients. The company also issued a press release announcing the agreement.
Bimini Capital Management, Inc. entered into a First Amendment to its existing Rights Agreement with Broadridge Corporate Issuer Solutions, Inc. on December 10, 2025. The amendment extends the expiration date of the stockholder rights from December 21, 2025 to December 21, 2030 and increases the Purchase Price under the plan from $4.76 to $10.20. This type of Rights Agreement is often used as a shareholder rights plan, sometimes called a “poison pill,” to deter concentrated ownership without board approval. The amendment did not require stockholder approval, though the company plans to submit it to stockholders for approval at its 2026 annual meeting. The company also issued a press release announcing the amendment.
Bimini Capital Management, Inc. filed an 8‑K reporting two items. First, the company furnished a press release announcing consolidated results for the nine‑month period ended September 30, 2025; the release is provided as Exhibit 99.1 and furnished under Item 2.02.
Second, the company reported board changes. On November 5, 2025, director Frank E. Jaumot resigned, effective immediately, and the company stated the resignation was not due to any disagreement relating to operations, policies, or practices. On November 6, 2025, Ashley B. Griffith was appointed a Class I director with a term expiring at the 2028 annual meeting. The Board determined Mr. Griffith to be an independent director under NASDAQ Rule 5605(a)(2), and he is expected to serve on the Audit Committee. A related press release is furnished as Exhibit 99.2.