Chimera (NYSE: CIM) investors back board, pay plan and 2026 auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Chimera Investment Corporation held its 2026 annual stockholders meeting, where all management proposals passed with strong support. Holders of 63,285,465 of 83,645,571 common shares entitled to vote, or about 75.65%, were represented in person or by proxy.
Stockholders elected Class I directors Kevin G. Chavers, Gerard Creagh and Susan Mills to serve until the 2029 annual meeting. A non-binding advisory resolution approving the company’s executive compensation received 42,287,598 votes for versus 1,901,663 against. Stockholders also ratified Ernst & Young LLP as independent auditor for the fiscal year ending December 31, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares entitled to vote: 83,645,571 shares
Shares represented: 63,285,465 shares
Say-on-pay support: 42,287,598 votes for
+3 more
6 metrics
Shares entitled to vote
83,645,571 shares
Common stock entitled to vote at 2026 annual meeting
Shares represented
63,285,465 shares
Present in person or by proxy at 2026 meeting (~75.65%)
Say-on-pay support
42,287,598 votes for
Non-binding advisory vote on executive compensation
Say-on-pay opposition
1,901,663 votes against
Non-binding advisory vote on executive compensation
Auditor ratification support
62,010,426 votes for
Ratification of Ernst & Young LLP for fiscal year 2026
Director votes – Chavers
43,340,068 votes for
Election as Class I director until 2029 annual meeting
Key Terms
non-binding advisory vote, broker non-votes, independent registered public accounting firm, Class I Directors
4 terms
non-binding advisory vote financial
"recommending, by a non-binding advisory vote, the Company’s executive compensation"
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
broker non-votes financial
"Nominee | Votes For | Votes Against | Votes Abstain | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratifying the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Class I Directors financial
"The election of three Class I Directors, Kevin G. Chavers, Gerard Creagh and Susan Mills"
Class I directors are the subset of a company’s board whose terms expire at a specific annual meeting under a staggered election system that divides directors into multiple groups with different re-election years. For investors this matters because staggered classes slow how quickly shareholders can replace the board, affecting takeover risk, governance change and the pace of corporate decisions — like rotating only part of a team instead of swapping everyone at once.
FAQ
Who was elected to Chimera Investment’s board at the 2026 meeting?
Stockholders elected three Class I directors: Kevin G. Chavers, Gerard Creagh and Susan Mills. Each will serve until the 2029 annual meeting of stockholders and continue until their successors are duly elected and qualify, maintaining continuity on Chimera Investment’s board of directors.
What were the auditor ratification results for Chimera Investment in 2026?
Stockholders ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 62,010,426 votes for, 750,117 against and 524,922 abstentions. There were no broker non-votes on this auditor ratification proposal at the annual meeting.
How did votes vary among Chimera Investment’s director nominees in 2026?
Votes for the Class I director nominees ranged from 41,637,307 to 43,340,068 in favor. Each nominee also received between 855,564 and 2,558,062 votes against, plus approximately 428,000–440,000 abstentions, along with 18,662,162 broker non-votes recorded on the director election proposal.