MFA 8-K
Mfa Financial, Inc. (MFA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) and (c) On September 8, 2023, Stephen D. Yarad, Chief Financial Officer of MFA Financial, Inc. (the “Company”), submitted his resignation of employment with the Company effective at the close of business on September 15, 2023, in connection with his acceptance of an offer of employment with another company. Mr. Yarad’s resignation is not related to any disagreements with the Company’s accounting principles, practices or financial statement disclosures or its business operations.
On September 8, 2023, the Board of Directors of the Company appointed Michael C. Roper as Chief Financial Officer of the Company, effective at the close of business on September 15, 2023.
Mr. Roper, 36, who has held various accounting and financial reporting-related positions since his joining the Company in 2014, has been Senior Vice President of the Company since January 2019 and Chief Accounting Officer of the Company since December 2021, and he will continue in these roles. Biographical information regarding Mr. Roper has been previously reported in the Company’s 2023 Proxy Statement as filed with the Securities and Exchange Commission on April 24, 2023.
| Item 7.01 | Regulation FD Disclosure. |
A copy of the press release (the “Press Release”) announcing the matters described under Item 5.02 above is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The Press Release is being “furnished” and, as such, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The Press Release is and will not be incorporated by reference into any registration statement or other document filed by MFA pursuant to the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| 99.1 | Press Release, dated September 11, 2023, of MFA Financial, Inc. |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
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.
| MFA FINANCIAL, INC. | |||
| (REGISTRANT) | |||
| By: | /s/ Harold E. Schwartz | ||
| Name: | Harold E. Schwartz | ||
| Title: | Senior Vice President and General Counsel | ||
Date: September 11, 2023
Exhibit 99.1
| MFA FINANCIAL, INC. |
|
| One Vanderbilt Avenue | |
| 48th Floor | |
| New York, New York 10017 | |
| (212) 207-6400 |
| PRESS RELEASE | FOR IMMEDIATE RELEASE | |
| September 11, 2023 | NEW YORK METRO | |
| CONTACT: | [email protected] | NYSE: MFA |
| 212-207-6488 | ||
| www.mfafinancial.com | ||
| MEDIA CONTACT: | H/Advisors Abernathy | |
| Tom Johnson | ||
| 212-371-5999 | ||
MFA Financial, Inc.
Announces Appointment of Michael C. Roper as Chief Financial Officer
NEW YORK – MFA Financial, Inc. (NYSE: MFA) announced today that its Board of Directors has appointed Michael C. Roper as Chief Financial Officer effective at the close of business on September 15, 2023. Mr. Roper succeeds Stephen D. Yarad, who is resigning as MFA’s Chief Financial Officer to become chief financial officer of another company.
Mr. Roper, 36, who has held various accounting and financial reporting-related positions since joining MFA in 2014, has been Senior Vice President of MFA since January 2019 and Chief Accounting Officer of MFA since December 2021, and he will continue in these roles.
Prior to joining MFA, Mr. Roper was the Assistant Controller for Apollo Residential Mortgage, Inc. Mr. Roper began his career at Ernst & Young LLP primarily focusing on providing client services to publicly traded mortgage REITs. Mr. Roper is a Certified Public Accountant and holds a B.S. from Bentley University and an M.S. from Pace University.
“We are very pleased to appoint Mike Roper as MFA’s CFO,” said Craig L. Knutson, Chief Executive Officer and President of MFA. “Mike is a highly experienced finance and accounting professional whose years of experience working at MFA and in the mortgage REIT sector make him an excellent fit to succeed Steve Yarad and lead MFA’s finance team going forward. We appreciate Steve’s 13 years of valuable leadership and service to MFA and wish him the best as he leaves us for his new opportunity.”
MFA Financial, Inc. is a leading specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities and other real estate assets. Through its wholly-owned subsidiary, Lima One Capital, MFA also originates and services business purpose loans for real estate investors. MFA has distributed over $4.6 billion in dividends to stockholders since its initial public offering in 1998. MFA is an internally-managed, publicly-traded real estate investment trust.
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