Donnell A. Segalas Concludes his Service as a Member of the Board of Annaly Capital Management, Inc.
May 19 2021 - 4:15PM
Business Wire
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the
“Company”) announced today that director Donnell A. Segalas stepped
down from the Company’s Board of Directors (the “Board”) upon the
scheduled expiration of his term at the Company’s Annual Meeting of
Stockholders held on May 19, 2021 (the “Annual Meeting”). Mr.
Segalas joined the Board prior to the Company’s initial public
offering in 1997. Prior to the Annual Meeting, Mr. Segalas had
served as a member of the Management Development and Compensation
(“MDC”) Committee, Nominating/Corporate Governance Committee and
Corporate Responsibility Committee. Mr. Segalas had previously
served as the Chair of the MDC Committee.
“Don Segalas has been an invaluable part of Annaly’s Board of
Directors since the very beginning, providing wisdom in the
boardroom and guidance and support to our Management Team,” said
David Finkelstein, Annaly’s Chief Executive Officer and Chief
Investment Officer. “We would like to thank Don for his leadership
and many lasting contributions to Annaly.”
“On behalf of the entire Board, I am incredibly grateful to Don
for over twenty years of dedicated service to Annaly,” remarked
Michael Haylon, Chair of Annaly’s Board of Directors. “The Board
has benefitted from his investment and financial expertise and we
wish him well in his future endeavors.”
Following the Annual Meeting, Annaly’s Board is comprised of 11
directors, 64% of whom identify as women and/or racially/ethnically
diverse. Additionally, 64% of directors have a tenure of less than
5 years with an average director tenure of 6 years. 100% of
Annaly’s Board Committees are chaired by women.
About Annaly
Annaly is a leading diversified capital manager that invests in
and finances residential and commercial assets. Annaly’s principal
business objective is to generate net income for distribution to
its stockholders and to optimize its returns through prudent
management of its diversified investment strategies. Annaly is
internally managed and has elected to be taxed as a real estate
investment trust, or REIT, for federal income tax purposes.
Additional information on the company can be found at
www.annaly.com.
Forward-Looking Statements
This news release contains certain forward-looking statements,
which reflect management’s expectations regarding future events and
speak only as of the date hereof. These forward-looking statements
involve a number of risks and uncertainties including, but not
limited to, the risks that are set forth under “Risk Factors” in
the Company’s Annual Report on Form 10-K and any subsequent
Quarterly Reports on Form 10-Q. We do not undertake, and
specifically disclaim any obligation, to publicly release the
result of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such
statements, except as required by law.
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Annaly Capital Management, Inc. Investor Relations 1-888-8Annaly
www.annaly.com
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