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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):
September 8, 2023
MFA
FINANCIAL, INC.
(Exact name of registrant as specified in its
charter)
Maryland |
|
1-13991 |
|
13-3974868 |
(State or
other jurisdiction
of incorporation
or organization) |
|
(Commission File Number) |
|
(IRS Employer
Identification
No.) |
One Vanderbilt Avenue, 48th Floor |
|
|
New York, New York |
|
10017 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant's
telephone number, including area code: (212)
207-6400
Not Applicable
(Former name or former address, if changed since last report)
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 class: |
|
Trading
Symbols:
|
|
Name
of each
exchange on which
registered:
|
Common
Stock, par value $0.01 per share |
|
MFA |
|
New
York Stock Exchange |
7.50%
Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share
|
|
MFA/PB |
|
New
York Stock Exchange |
6.50% Series C Fixed-to-Floating Rate
Cumulative Redeemable Preferred Stock, par value $0.01 per share |
|
MFA/PC |
|
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. ¨
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 |
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: |
InvestorRelations@mfafinancial.com |
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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