8-K: Current report filing
Published on September 20, 2010
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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 20,
2010
MFA FINANCIAL,
INC.
(Exact
Name of Registrant as Specified in Charter)
|
Maryland
|
1-13991
|
13-3974868
|
||
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File
No.)
|
(IRS
Employer
Identification
No.)
|
350 Park Avenue,
21st Floor, New York, New York
10022
(Address
of Principal Executive Office) (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:
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On July
21, 2010, Stephen D. Yarad agreed to serve as the Chief Financial Officer of MFA
Financial, Inc. (the “Company”). Mr. Yarad, age 40, will begin his
employment with the Company on September 20, 2010, at which time he will replace
William S. Gorin as Chief Financial Officer. Mr. Gorin, who has
served as the Company’s Chief Financial Officer since 2001 and as President
since June 2008, will continue to serve as President and will remain a director
of the Company. Prior to joining the Company, Mr. Yarad was a partner
with KPMG LLP based in New York in the firm’s financial services audit
practice. Mr. Yarad will be entitled to receive a base salary of
$350,000 and a guaranteed performance bonus of not less than $175,000 for each
of the years ending December 31, 2010 and December 31, 2011, provided that he
remains a full-time employee of the Company during such periods. Mr.
Yarad's base salary and guaranteed performance bonus will be prorated for the
year ending December 31, 2010 based on the length of Mr. Yarad's actual
employment with the Company during 2010. In addition, Mr. Yarad will
be eligible to receive stock options, restricted stock, phantom share dividend
equivalent rights or other equity awards as approved by the Compensation
Committee of the Board or the Board, as the case may be. Mr. Yarad
will also be subject to certain confidentiality and non-solicitation
provisions.
There are
no arrangements or understandings between Mr. Yarad and any other person
pursuant to which he was appointed. There are no transactions
involving the Company and Mr. Yarad that would be required to be reported
pursuant to Item 404(a) of Regulation S-K.
The
Company issued a press release regarding Mr. Yarad's appointment on September
20, 2010, a copy of which is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
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ITEM
9.01
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Financial
Statements and Exhibits.
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Exhibit
No.
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Description of
Exhibit
|
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99.1
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Press
release, dated September 20, 2010, announcing the appointment of Stephen
D. Yarad as Chief Financial
Officer.
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SIGNATURES
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. | |||
|
|
By:
|
/s/ Timothy W. Korth | |
| Timothy W. Korth | |||
| General Counsel, Senior Vice President and Secretary | |||
Date:
September 20, 2010