BIMINI CAPITAL MANAGEMENT, INC.
For the period ended Jun 9, 2026. Filed Apr 27, 2026.
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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 9, 2026 · Filed Apr 27, 2026
Contents
Pay Versus Performance
As required by SEC rules, we are providing the following disclosures regarding the relationship between executive compensation for our principal executive officer (“PEO”) and Non-PEO named executive officer (“Non-PEO NEO”) and company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure when making its incentive compensation decisions. For further information about how we align executive compensation with company performance, see the section entitled “Compensation Discussion and Analysis” above.
| Value of Initial Fixed | ||||||||
|---|---|---|---|---|---|---|---|---|
| Summary · Compensation · $100 Investment Based On: | ||||||||
| Summary · Compensation · Compensation · Actually · Peer Group | ||||||||
| Compensation · Actually · Table Total · Paid · Total · Total · Net Income | ||||||||
| Table Total · Paid · for Non-PEO · to Non-PEO · Shareholder · Shareholder · (in | ||||||||
| Year · for PEO (1) · to PEO (1)(2) · NEOs · NEOs · Return (3) · Return · Thousands) | ||||||||
| 2025 | $4,969,291 | $3,225,842 | $3,888,804 | $2,557,131 | $2.93 | $ | - | $5,801 |
| 2024 | 2,752,423 | 3,009,980 | 2,176,223 | 2,408,123 | $0.99 | $ | - | (1,306) |
| 2023 | 2,846,040 | 3,116,674 | 2,277,886 | 2,446,883 | $0.70 | $ | - | (3,983) |
| (1) | Robert E. Cauley was our PEO and George H. Haas, IV was our Non-PEO NEO for each year presented. |
| (2) | See adjustment below. |
| (3) | Total Shareholder Return assumes $100 invested at December 31, 2022 and represents the value of such investment as of December 31, 2023, 2024, and 2025, respectively. |
Compensation Actually Paid Adjustments
Compensation Actually Paid, as presented above, represents the Summary Compensation Table Totals adjusted for the items set forth below in accordance with Item 402(v)(2)(iii) of Regulation S-K and may not reflect compensation actually earned, realized or received by the NEOs.
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid | PEO | Non-PEO NEO |
|---|---|---|
| Deductions for amounts reported under Stock Awards Column in the Summary Compensation Table | $(1,762,548) | $(1,347,440) |
| Fair value as of vesting date of awards granted and vested during the year | - | - |
| Increase for fair value at year end of awards granted during year that remain unvested as of year end | - | - |
| Adjustment for change in fair value from prior year-end to current-year end of awards granted prior to year that were outstanding and unvested as of year end | (7,246) | (6,275) |
| Adjustment for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during the year | (6,408) | (5,234) |
| Decrease for prior year fair value for awards granted prior to year that were forfeited during the year | - | - |
| Increase for dividends paid during the year prior to vesting date of award | 32,753 | 27,276 |
| Total Adjustments | $(1,743,449) | $(1,331,673) |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid | PEO | Non-PEO NEO |
|---|---|---|
| Deductions for amounts reported under Stock Awards Column in the Summary Compensation Table · $ · - · $ · - | ||
| Fair value as of vesting date of awards granted and vested during the year | 110,000 | 102,500 |
| Increase for fair value at year end of awards granted during year that remain unvested as of year end | 99,281 | 92,504 |
| Adjustment for change in fair value from prior year-end to current-year end of awards granted prior to year that were outstanding and unvested as of year end | (10,666) | (8,127) |
| Adjustment for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during the year | (896) | (678) |
| Decrease for prior year fair value for awards granted prior to year that were forfeited during the year | - | - |
| Increase for dividends paid during the year prior to vesting date of award | 59,838 | 45,702 |
| Total Adjustments | $257,557 | $231,901 |
| Adjustments to Summary Compensation Table Totals to Determine Compensation Actually Paid | PEO | Non-PEO NEO |
|---|---|---|
| Deductions for amounts reported under Stock Awards Column in the Summary Compensation Table | $(220,000) | $(205,000) |
| Fair value as of vesting date of awards granted and vested during the year | 307,811 | 234,572 |
| Increase for fair value at year end of awards granted during year that remain unvested as of year end | 203,844 | 155,341 |
| Adjustment for change in fair value from prior year-end to current-year end of awards granted prior to year that were outstanding and unvested as of year end | (14,989) | (11,421) |
| Adjustment for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during the year | (7,647) | (5,829) |
| Decrease for prior year fair value for awards granted prior to year that were forfeited during the year | (58,223) | (44,368) |
| Increase for dividends paid during the year prior to vesting date of award | 59,838 | 45,702 |
| Total Adjustments | $270,635 | $168,998 |
Comparison of Compensation Actually Paid to Total Shareholder Return
The following graph illustrates the relationship between compensation actually paid to our PEO and Non-PEO NEO and the Company's total shareholder return on a cumulative basis assuming investment of $100 on December 31, 2022:
Comparison of Compensation Actually Paid to Net Income
The following graph illustrates the relationship between compensation actually paid to our PEO and Non-PEO NEO and the Company's net income on an annual basis:
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.