Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Freddie Mac (formally known as the Federal Home Loan Mortgage Corporation) has entered into a new compensation arrangement with Donald F. Kish, Senior Vice President, Corporate Controller and Principal Accounting Officer, in recognition of his increased responsibilities in support of our Chief Financial Officer, Christian M. Lown, from June 15, 2020 to December 31, 2020. This arrangement was approved by the Federal Housing Finance Agency (FHFA), as Conservator, on January 6, 2021. Pursuant to this arrangement, Mr. Kish has accrued a special cash award of $196,000, which will be paid in two equal installments: the first as soon as administratively possible and the second approximately 60 days later. To be eligible to receive the award, Mr. Kish must remain an employee at the time each installment is payable, except in certain termination events including death, disability, and involuntary non-performance-based termination by Freddie Mac.
Other than as described above, the award does not affect Mr. Kish’s compensation arrangement as described in Freddie Mac’s Annual Report on Form 10-K filed on February 13, 2020 and Current Report on Form 8-K filed on February 21, 2020.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits listed in the Exhibit Index below are being filed as part of this Current Report on Form 8-K.
|
|
|
|
|
|
|
|
|
Exhibit Number
|
|
Description of Exhibit
|
|
|
|
10.1
|
|
|
104
|
|
Cover Page Interactive Data File (embedded within the Inline XBRL document)
|
† This exhibit is a management contract or compensatory plan, contract, or arrangement.
__________________________________________________________________________________________________________
Freddie Mac Form 8-K