Dynex Capital (NYSE: DX) director Joy Palmer to step down after 2026 meeting

Rhea-AI Filing Summary

Dynex Capital, Inc. reported that Board member Joy Palmer has informed the company she will not stand for re-election at the 2026 Annual Meeting of Shareholders. She plans to continue serving on the Board until that meeting, providing continuity through the upcoming governance cycle.

The company stated that Ms. Palmer’s decision is not due to any disagreement with Dynex Capital regarding its operations, policies, or practices, indicating this is a voluntary transition rather than a response to internal conflict.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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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

Date of Report (Date of earliest event reported): January 13, 2026

___________

DYNEX CAPITAL, INC.

(Exact name of registrant as specified in its charter)

Virginia

001-09819

52-1549373

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

140 East Shore Drive, Suite 100

Glen Allen, Virginia

23059-5755

(Address of principal executive offices)

(Zip Code)

(804)

217-5800

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

DX

New York Stock Exchange

6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share

DXPRC

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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. o

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 13, 2026, Joy Palmer notified Dynex Capital, Inc. (the “Company”) that she will not stand for re-election as a member of the Board of Directors (the “Board”) at the Company’s 2026 Annual Meeting of Shareholders (the “Annual Meeting”). Ms. Palmer plans to remain on the Board until the Annual Meeting.

Ms. Palmer’s decision not to stand for re-election was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

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.

						DYNEX CAPITAL, INC.
Date:			January 13, 2026			By:			/s/ Michael A. Angelo
									Michael A. Angelo
									Chief Legal Officer and Corporate Secretary

FAQ

What board change did Dynex Capital (DX) disclose in this 8-K?

Dynex Capital, Inc. disclosed that director Joy Palmer has notified the company she will not stand for re-election to the Board of Directors at the 2026 Annual Meeting of Shareholders.

When will Joy Palmer leave the Dynex Capital (DX) Board of Directors?

Joy Palmer plans to remain on the Dynex Capital Board until the company’s 2026 Annual Meeting of Shareholders, after which she will no longer serve as a director.

Did Joy Palmer’s departure involve any disagreement with Dynex Capital (DX)?

No. Dynex Capital stated that Ms. Palmer’s decision was not because of any disagreement with the company on matters related to its operations, policies, or practices.

What SEC item does this Dynex Capital (DX) filing relate to?

The disclosure is made under Item 5.02, which covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

Who signed the Dynex Capital (DX) report about the director’s decision?

The report was signed on behalf of Dynex Capital, Inc. by Michael A. Angelo, who is the company’s Chief Legal Officer and Corporate Secretary.