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[8-K] FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE Reports Material Event

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8-K
Rhea-AI Filing Summary

Fannie Mae reported that Malloy Evans, its Executive Vice President—Single-Family, left the company effective October 23, 2025. In connection with his departure, he entered into an agreement and general release that provides $1,200,000 (two years of his annual base salary), twelve months of subsidized medical and dental coverage, and six months of outplacement services.

The company also waived a compensation program provision that would have reduced his earned but unpaid fixed deferred salary by 2% for each full or partial month his separation date preceded January 31 of the second year following the performance year. The agreement includes a release of certain claims and remains subject to FHFA approval.

Fannie Mae ha riferito che Malloy Evans, il suo Executive Vice President—Single-Family, ha lasciato l'azienda in data 23 ottobre 2025. In relazione al suo allontanamento, ha stipulato un accordo e una liberatoria generale che prevede $1,200,000 (due anni del suo salario base annuale), dodici mesi di copertura sanitaria e dentale sussidiata, e sei mesi di servizi di outplacement.

L'azienda ha inoltre rinunciato a una disposizione del programma di compensazione che avrebbe ridotto il suo salario fisso differito guadagnato ma non pagato del 2% per ogni mese pieno o parziale prima della data di separazione antecedente al 31 gennaio del secondo anno successivo all'anno di prestazione. L'accordo comprende una liberatoria di alcune pretese e resta soggetto all'approvazione FHFA.

Fannie Mae informó que Malloy Evans, su Vicepresidente Ejecutivo—Unifamiliar, dejó la empresa con efecto el 23 de octubre de 2025. En relación con su salida, firmó un acuerdo y una liberación general que prevén $1,200,000 (dos años de su salario base anual), doce meses de cobertura médica y dental subsidiada, y seis meses de servicios de recolocación.

La empresa también renunció a una disposición del programa de compensación que habría reducido su salario fijo diferido ganado pero no pagado en un 2% por cada mes completo o parcial que su fecha de separación antecediera al 31 de enero del segundo año siguiente al año de desempeño. El acuerdo incluye una liberación de ciertas reclamaciones y permanece sujeto a la aprobación de FHFA.

Fannie Mae는 Malloy Evans가 Single-Family 부문 수석 부사장(Executive Vice President—Single-Family)으로 재직하던 중 2025년 10월 23일부로 회사를 떠났다고 발표했습니다. 그의 퇴임과 관련하여 그는 $1,200,000의 보상과 일반 해제서를 체결했으며, 이는 연간 기본급의 2년치, 12개월의 보조 의료 및 치과 보험, 6개월의 Outplacement 서비스를 포함합니다.

또한 회사는 성과 연도 이후 두 번째 해의 1월 31일 이전에 퇴직일이 앞당겨질 경우 얻은 미지급 고정형 연체 급여를 2% 감소시켰을 수 있는 보상 프로그램 조항을 포기했습니다. 이 계약에는 특정 청구권의 포기가 포함되며 FHFA 승인을 받는 것이 남아 있습니다.

Fannie Mae a annoncé que Malloy Evans, son Vice-président exécutif—Single-Family, a quitté l'entreprise à compter du 23 octobre 2025. Dans le cadre de son départ, il a conclu un accord et une libération générale prévoyant $1,200,000 (deux années de son salaire de base annuel), douze mois de couverture médicale et dentaire subsidisée, et six mois de services de reclassement.

L'entreprise a également renoncé à une disposition d'un programme de rémunération qui aurait réduit son salaire fixe différé gagné mais non payé de 2% pour chaque mois entier ou partiel avant la date de séparation, avant le 31 janvier de la deuxième année suivant l'année de performance. L'accord comprend une libération de certaines réclamations et reste sujet à l'approbation FHFA.

Fannie Mae gab bekannt, dass Malloy Evans, sein Executive Vice President—Single-Family, das Unternehmen mit Wirkung zum 23. Oktober 2025 verlassen hat. Im Zusammenhang mit seinem Weggang schloss er eine Vereinbarung und allgemeine Freistellung ab, die 1.200.000 USD vorsieht (zwei Jahre seines jährlichen Grundgehalts), zwölf Monate subventionierte medizinische und zahnärztliche Versorgung sowie sechs Monate Outplacement-Dienstleistungen umfasst. Das Unternehmen verzichtete außerdem auf eine Bestimmung eines Vergütungsprogramms, die sein verdientes, aber unbezahltes festesDeferred-Gehalt um 2% für jeden vollen oder teilweisen Monat reduziert hätte, der dem Trennungsdatum vorausging, bis zum 31. Januar des zweiten Jahres nach dem Leistungsjahr. Die Vereinbarung enthält eine Freigabe bestimmter Ansprüche und bleibt der FHFA-Genehmigung vorbehalten.

Fannie Mae أفادت أن Malloy Evans، نائب الرئيس التنفيذي للقيادة—Single-Family، ترك الشركة اعتباراً من 23 أكتوبر 2025. وبما يتصل بمغادرته، أبرم اتفاقاً وإفراجاً عاماً ينص على $1,200,000 (سنتان من راتبه الأساسي السنوي)، واثني عشر شهراً من تغطية طبية وطب الأسنان مدعومة، وستة أشهر من خدمات إعادة توظيف. كما قامت الشركة بالاستغناء عن بند في برنامج التعويض كان من شأنه أن يخفض راتبه المستحق غير المدفوع من الراتب الأساسي بمقدار 2% عن كل شهر كامل أو جزئي قبل تاريخ الفصل المحدد، قبل 31 يناير من السنة الثانية التالية لسنة الأداء. يتضمن الاتفاق إفراجاً عن بعض المطالبات ويظل مُرخّصاً بموافقة FHFA.

Positive
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Negative
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Insights

Executive exit with defined separation terms; routine governance step.

Fannie Mae disclosed the departure of its EVP—Single-Family effective October 23, 2025. The separation agreement lists cash severance of $1,200,000, plus twelve months of subsidized medical and dental benefits and six months of outplacement services. Such terms clarify immediate personnel costs tied to the leadership change.

The company waived a policy that would reduce earned but unpaid fixed deferred salary by 2% per month based on the timing of separation, and the agreement includes a release of claims. The filing notes the arrangement is subject to FHFA approval, indicating finalization depends on the regulator. Actual impact is administrative; financial effects are limited to the disclosed benefits.

Fannie Mae ha riferito che Malloy Evans, il suo Executive Vice President—Single-Family, ha lasciato l'azienda in data 23 ottobre 2025. In relazione al suo allontanamento, ha stipulato un accordo e una liberatoria generale che prevede $1,200,000 (due anni del suo salario base annuale), dodici mesi di copertura sanitaria e dentale sussidiata, e sei mesi di servizi di outplacement.

L'azienda ha inoltre rinunciato a una disposizione del programma di compensazione che avrebbe ridotto il suo salario fisso differito guadagnato ma non pagato del 2% per ogni mese pieno o parziale prima della data di separazione antecedente al 31 gennaio del secondo anno successivo all'anno di prestazione. L'accordo comprende una liberatoria di alcune pretese e resta soggetto all'approvazione FHFA.

Fannie Mae informó que Malloy Evans, su Vicepresidente Ejecutivo—Unifamiliar, dejó la empresa con efecto el 23 de octubre de 2025. En relación con su salida, firmó un acuerdo y una liberación general que prevén $1,200,000 (dos años de su salario base anual), doce meses de cobertura médica y dental subsidiada, y seis meses de servicios de recolocación.

La empresa también renunció a una disposición del programa de compensación que habría reducido su salario fijo diferido ganado pero no pagado en un 2% por cada mes completo o parcial que su fecha de separación antecediera al 31 de enero del segundo año siguiente al año de desempeño. El acuerdo incluye una liberación de ciertas reclamaciones y permanece sujeto a la aprobación de FHFA.

Fannie Mae는 Malloy Evans가 Single-Family 부문 수석 부사장(Executive Vice President—Single-Family)으로 재직하던 중 2025년 10월 23일부로 회사를 떠났다고 발표했습니다. 그의 퇴임과 관련하여 그는 $1,200,000의 보상과 일반 해제서를 체결했으며, 이는 연간 기본급의 2년치, 12개월의 보조 의료 및 치과 보험, 6개월의 Outplacement 서비스를 포함합니다.

또한 회사는 성과 연도 이후 두 번째 해의 1월 31일 이전에 퇴직일이 앞당겨질 경우 얻은 미지급 고정형 연체 급여를 2% 감소시켰을 수 있는 보상 프로그램 조항을 포기했습니다. 이 계약에는 특정 청구권의 포기가 포함되며 FHFA 승인을 받는 것이 남아 있습니다.

Fannie Mae a annoncé que Malloy Evans, son Vice-président exécutif—Single-Family, a quitté l'entreprise à compter du 23 octobre 2025. Dans le cadre de son départ, il a conclu un accord et une libération générale prévoyant $1,200,000 (deux années de son salaire de base annuel), douze mois de couverture médicale et dentaire subsidisée, et six mois de services de reclassement.

L'entreprise a également renoncé à une disposition d'un programme de rémunération qui aurait réduit son salaire fixe différé gagné mais non payé de 2% pour chaque mois entier ou partiel avant la date de séparation, avant le 31 janvier de la deuxième année suivant l'année de performance. L'accord comprend une libération de certaines réclamations et reste sujet à l'approbation FHFA.

Fannie Mae gab bekannt, dass Malloy Evans, sein Executive Vice President—Single-Family, das Unternehmen mit Wirkung zum 23. Oktober 2025 verlassen hat. Im Zusammenhang mit seinem Weggang schloss er eine Vereinbarung und allgemeine Freistellung ab, die 1.200.000 USD vorsieht (zwei Jahre seines jährlichen Grundgehalts), zwölf Monate subventionierte medizinische und zahnärztliche Versorgung sowie sechs Monate Outplacement-Dienstleistungen umfasst. Das Unternehmen verzichtete außerdem auf eine Bestimmung eines Vergütungsprogramms, die sein verdientes, aber unbezahltes festesDeferred-Gehalt um 2% für jeden vollen oder teilweisen Monat reduziert hätte, der dem Trennungsdatum vorausging, bis zum 31. Januar des zweiten Jahres nach dem Leistungsjahr. Die Vereinbarung enthält eine Freigabe bestimmter Ansprüche und bleibt der FHFA-Genehmigung vorbehalten.

Fannie Mae أفادت أن Malloy Evans، نائب الرئيس التنفيذي للقيادة—Single-Family، ترك الشركة اعتباراً من 23 أكتوبر 2025. وبما يتصل بمغادرته، أبرم اتفاقاً وإفراجاً عاماً ينص على $1,200,000 (سنتان من راتبه الأساسي السنوي)، واثني عشر شهراً من تغطية طبية وطب الأسنان مدعومة، وستة أشهر من خدمات إعادة توظيف. كما قامت الشركة بالاستغناء عن بند في برنامج التعويض كان من شأنه أن يخفض راتبه المستحق غير المدفوع من الراتب الأساسي بمقدار 2% عن كل شهر كامل أو جزئي قبل تاريخ الفصل المحدد، قبل 31 يناير من السنة الثانية التالية لسنة الأداء. يتضمن الاتفاق إفراجاً عن بعض المطالبات ويظل مُرخّصاً بموافقة FHFA.

Fannie Mae 报告称,其执行副总裁—单一家庭部 Malloy Evans 将于 2025 年 10 月 23 日起离开公司。就其离职而言,他签署了一份协议及一般豁免,规定 $1,200,000(相当于他年基本工资的两年)、十二个月 的补贴医疗及牙科保险,以及 六个月 的职业安置服务。

公司还放弃了一项薪酬计划条款,该条款本来会在绩效年度后的第二年内,若离职日期在 1 月 31 日之前,按每整月或部分月减少他应得但尚未支付的固定递延薪资 2%。该协议包含对某些索赔的释放,并且仍然< b>须经 FHFA 批准。

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): October 23, 2025
Federal National Mortgage Association
(Exact name of registrant as specified in its charter)
 Fannie Mae
Federally chartered corporation0-5023152-08831071100 15th Street, NW800232-6643
Washington,DC20005
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
(Address of principal executive offices, including zip code)(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 (see General Instruction A.2. below):
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 classTrading Symbol(s)Name of each exchange on which registered
NoneN/AN/A
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.      



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 23, 2025, Malloy Evans, Fannie Mae’s Executive Vice President—Single-Family, left the company, effective as of that date. In connection with his departure, Mr. Evans has entered into an agreement and general release with Fannie Mae that provides for him to receive: (1) $1,200,000 (two years of his annual base salary); (2) twelve months of subsidized medical and dental coverage; and (3) six months of outplacement services. In addition, pursuant to the agreement, Fannie Mae waived the provision of its executive compensation program that provides for Mr. Evans’s earned but unpaid fixed deferred salary to be reduced by 2% for each full or partial month by which his separation date precedes January 31 of the second year following the performance year. The agreement also provides that he releases certain claims against Fannie Mae, its subsidiaries, the conservator, and other specified parties as set forth in the agreement. This agreement remains subject to approval by U.S. Federal Housing FHFA (“FHFA”).
1



SIGNATURES
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.
                     
FEDERAL NATIONAL MORTGAGE ASSOCIATION
By/s/ Thomas L. Klein
Thomas L. Klein
 Vice President and Acting General Counsel
Date: October 29, 2025
2
Federal Nat

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