ADAMAS TRUST, INC.
For the period ended Jun 12, 2025. Filed Apr 28, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 12, 2025 · Filed Apr 28, 2025
Contents
PROXY SUMMARY
Proposal Roadmap
The following proposals will be voted on at the Annual Meeting of Stockholders:
| Proposal | Board Recommendation | For More Information |
|---|---|---|
| Proposal No. 1: Election of DirectorsTo elect the seven directors nominated and recommended by the Board of Directors of the Company, each to serve until the 2026 Annual Meeting of Stockholders or until such time as their respective successors are elected and qualified | For each director | Page 18 |
| Proposal No. 2: Advisory Vote to Approve Named Executive Officer Compensation To hold an advisory vote to approve named executive officer compensation | For | Page 24 |
| Proposal No. 3: Advisory Vote on the Frequency of Future Advisory Votes on Named Executive Officer CompensationTo hold an advisory vote on the frequency of future advisory votes on named executive officer compensation | Every year | Page 25 |
| Proposal No. 4: Ratification, Confirmation and Approval of Appointment of Independent Registered Public Accounting FirmTo consider and act upon a proposal to ratify, confirm, and approve the appointment of Grant Thornton LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2025 | For | Page 26 |
How to Vote Your Shares
Your vote is important, and we urge you to cast your vote as soon as possible. You may vote through the internet, by telephone, by mailing your completed proxy card (or voting instruction form, if you hold your shares through a broker, bank, or other nominee), or online during the Annual Meeting. For additional information regarding voting, refer to the section of this proxy statement captioned"Voting".
NYMT at a Glance
New York Mortgage Trust, Inc. (NASDAQ: NYMT)is an internally-managed real estate investment trust (“REIT”) for U.S. federal income tax purposes, in the business of acquiring, investing in, financing and managing primarily mortgage-related residential assets. Our principal objective is to deliver long-term stable earnings for distribution to our stockholders over changing economic conditions with a diversified investment portfolio. Our investment portfolio includes credit sensitive single-family and multi-family assets, as well as other types of fixed-income investments such as Agency RMBS.
(1)Total Market Capitalization represents the outstanding shares of common stock and preferred stock multiplied by closing common stock and preferred stock market price as of the date indicated.
(2)Data as of December 31, 2024.
2024 Company Key Developments(1)
Our objective is to deliver long-term stable distributions to our stockholders over changing economic conditions through a combination of net interest spread and capital gains from a diversified investment portfolio. To accomplish this, we focus on (i) our core portfolio strengths of single-family and multi-family residential assets and (ii) maintaining a balanced and diverse funding mix to finance our assets and operations.
In 2024, we focused on prudent portfolio growth to increase interest income, particularly through Agency RMBS and short duration residential loans, optimization of financing of assets we own and preservation of liquidity to execute on investment opportunities as they arise. Set forth below are key Company developments from 2024:
(1)Unless otherwise stated, the measures used herein refer to our results as of or for the year ended December 31, 2024.
(2)Portfolio recourse leverage ratio represents the Company's outstanding recourse repurchase agreement financing divided by the Company's total stockholders' equity.
(3)Cost of operations is calculated by dividing total general and administrative expenses for 2024 by the Company's average stockholders' equity in 2024.
Stockholder Engagement and Say-On-Pay
Executive Compensation Highlights
The Compensation Committee of our Board of Directors is committed to reviewing our executive compensation program on a regular basis and making changes based on the current market compensation practices, governance trends, and the results of the advisory vote to approve our named executive officer ("NEO") compensation, amongst other factors. The following highlights certain key features of our 2024 executive compensation program:
| Key Features | ||
|---|---|---|
| Base salary represents 25% of total compensation for NEOs in 2024 | Majority of total compensation for NEOs in 2024 was issued pursuant to a performance-based incentive plan | Employment, change in control and equity incentive award agreements provide for “double trigger” acceleration of vesting upon a change in control |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.