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Dynex Capital Inc (DX.N)

DX.N on New York Stock Exchange

14.86USD
21 Aug 2019
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Summary

Name Age Since Current Position

Michael Hughes

58 2018 Independent Chairman of the Board

Byron Boston

59 2014 President, Chief Executive Officer, Co-Chief Investment Officer, Director

Stephen Benedetti

56 2008 Chief Financial Officer, Chief Operating Officer, Executive Vice President

Smriti Popenoe

50 2014 Executive Vice President, Chief Investment Officer

Barry Igdaloff

64 2000 Independent Director

Valerie Mosley

59 2013 Independent Director

Robert Salcetti

64 2013 Independent Director

David Stevens

62 2019 Independent Director

Alison Griffin

2018 IR Contact Officer

Biographies

Name Description

Michael Hughes

Mr. Michael R. Hughes is Independent Chairman of the Board of Dynex Capital, Inc. Mr. Michael R. Hughes became a director of the Company in November 2010 and is currently the Chairperson of the Board. Mr. Hughes joined Switchmate Home, LLC as Chief Financial Officer in March 2017. Previously, he had served as Portfolio Manager at Ascend Capital Management since 2012. He also serves on the board of trustees and is the current president of the Bentley School in Oakland, California. Mr. Hughes was a partner and portfolio manager of Osterweis Capital Management from 2005 to 2008 and was the First Vice President of Merrill Lynch Financial Institutions Research from 1989 to 2005. Mr. Hughes began his career as an equity analyst at Dean Witter Reynolds in 1986. Mr. Hughes holds an A.B. from the University of California at Berkeley in Geophysics. Mr. Hughes was awarded the Chartered Financial Analyst (CFA) designation in 1991.

Byron Boston

Mr. Byron L. Boston is President, Chief Executive Officer and Co-Chief Investment Officer, Director of Dynex Capital, Inc. He became a director of the Company in March 2012. Since January 1, 2014, Mr. Boston has served as Chief Executive Officer, President and Co-Chief Investment Officer. Prior to January 1, 2014, Mr. Boston served as President and Chief Investment Officer since March 1, 2012 and held the position of Chief Investment Officer since April 2008. Prior to joining the Company, Mr. Boston served as Executive Vice President of Sunset Financial Resources, Inc. (“Sunset Financial”), a mortgage REIT located in Jacksonville, Florida. Prior to Sunset Financial, Mr. Boston served as a senior officer for the Freddie Mac Corporation. Mr. Boston has also held banking and trading positions at New York investment banking firms. Mr. Boston currently serves on the board of directors of the Mortgage Bankers Association (“MBA”) and the Salzburg Global Seminar (“Salzburg”). Mr. Boston holds an A.B. in Economics and Government from Dartmouth College and an M.B.A. in Finance and Accounting from the Graduate School of Business, University of Chicago.

Stephen Benedetti

Mr. Stephen J. Benedetti is Chief Financial Officer, Chief Operating Officer and Executive Vice President of Dynex Capital, Inc. He was Executive Vice President and Chief Operating Officer since 2005; Executive Vice President and Chief Financial Officer from 2001 to 2005 and beginning again in 2008.

Smriti Popenoe

Ms. Smriti L. Popenoe is Executive Vice President and Co-Chief Investment Officer of Dynex Capial, Inc., effective January 1, 2014. Ms. Popenoe has served as a Executive Vice President and Co-Chief Investment Officer effective January 1, 2014; Chief Risk Officer of PHH Corporation between 2010 and 2013; Senior Vice President, Balance Sheet Management, of Wachovia Bank, from 2006 to 2009.

Barry Igdaloff

Mr. Barry A. Igdaloff is Independent Director of Dynex Capital, Inc. Mr. Igdaloff has been a director of the Company since 2000. Mr. Igdaloff has been an investment advisor and the sole proprietor of Rose Capital in Columbus, Ohio, since 1995. Mr. Igdaloff graduated from Indiana University in 1976 with a B.S.B. in accounting and from The Ohio State University in 1978, with a Juris Doctorate degree. Mr. Igdaloff is a non-practicing certified public accountant and a non-practicing attorney. Mr. Igdaloff currently is the lead director of the board of directors of Novation Companies, Inc. and is chairman of its audit committee. Previously, Mr. Igdaloff served on the board of Guest Supply, Inc.

Valerie Mosley

Ms. Valerie A. Mosley is Independent Director of the Company. Ms. Valerie joined the Board of Directors in December 2013. Ms. Mosley is the founder, and since June 2012 has been the chief executive officer, of Valmo Ventures, a company that creates, collaborates, and invests in companies, assets, and efforts that add value to portfolio returns and to society. Prior to becoming chief executive officer of Valmo Ventures, Ms. Mosley was partner, senior vice partner and investment strategist at Wellington Management Company, LLP. During a 20-year career at Wellington Management Company, LLP (“Wellington Management”), Ms. Mosley managed a multi-billion-dollar investment portfolio for corporate and public pension funds, insurance company general accounts, endowment funds and mutual funds. Ms. Mosley also serves on several non-profit Boards including the Investment Advisory Committee of the NY State Common Retirement Fund, among others. While at Wellington Management, Ms. Mosley was involved in understanding markets and macroeconomic trends. She has served as a director of the board of directors of Envestnet, Inc. (“Envestnet”) since October 2018 and also currently serves as a trustee of the Eaton Vance Mutual Fund Family (“Eaton Vance”) and as a director of Progress Investment Management

Robert Salcetti

Mr. Robert A. Salcetti is Independent Director of Dynex Capial, Inc. Mr. Salcetti joined the Board of Directors in December 2013. Mr. Salcetti, who retired in 2008, previously served as a managing director at JPMorgan Chase from 2000 to 2008. Prior to his tenure at JPMorgan Chase, Mr. Salcetti held the position of managing director at Chase Manhattan Bank from 1996 to 2000, senior vice president of TCB/Chemical Bank from 1992 to 1996, division manager of TCB/Chemical Bank from 1986 to 1992, vice president and section manager of Texas Commerce Bank, the predecessor to TCB/Chemical Bank, from 1980 to 1986, and vice president of American Mortgage Company from 1976 to 1979. Mr. Salcetti earned a degree of B.S. in business administration from Carlow College in 1976. Since 2011, Mr. Salcetti has served as a director of Ocwen Financial Corporation and serves on its audit, compliance, executive and independent review committees. He has also served as a co-chairman of its risk and compliance committee since 2017. Additionally, Mr. Salcetti served as a director of Cherry Hill Mortgage Investment Corporation from October 2013 until June 2015 and served on its audit, compensation and nomination/governance committees during all or part of that time.

David Stevens

Mr. David H. Stevens is Independent Director of the Company. Mr. Stevens joined the Board of Directors in January 2019.Mr. Stevens is a 35-year industry veteran with in-depth experience in the real estate finance and mortgage banking industry. He began his career as a loan officer in Colorado in 1983 and progressed into branch, regional, divisional, and national management roles in the same company over 16 years. He then spent seven years as the Senior Vice President and head of the single-family business at Freddie Mac, and then ran the wholesale lending business nationally as Executive Vice President for Wells Fargo. In July of 2006, he accepted a position as President and Chief Operating Officer of the Long & Foster Companies, including the core real estate company and all affiliated businesses of mortgage, settlement services, and insurance. Mr. Stevens served in the Obama Administration as Assistant Secretary of Housing and FHA Commissioner, from 2009 until March 31, 2011. Mr. Stevens retired as President and CEO of the MBA in Washington D.C. in September 2018, where he had served since May 2011. Mr. Stevens serves as a director of Radison Group Inc., a diversified mortgage and real estate services business. In addition, he is senior advisor to Mortgage Media and is currently focused on advisory efforts in real estate finance and providing technical and strategic consultation to financial institutions and intermediaries.

Alison Griffin

Basic Compensation

Name Fiscal Year Total

Michael Hughes

151,000

Byron Boston

1,751,300

Stephen Benedetti

918,054

Smriti Popenoe

916,468

Barry Igdaloff

146,000

Valerie Mosley

131,000

Robert Salcetti

131,000

David Stevens

--

Alison Griffin

--
As Of  31 Dec 2018