Annaly Capital Management, Inc.
Extract: Charter Amendment (Plain English Desc) from a 8-K on 05/19/2023
SEC Document
SEC Filing

As set forth in Item 5.07 of this Current Report on Form 8-K, on May 17, 2023, Annaly Capital Management, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, holders of the Company’s common stock, upon the recommendation of the Company’s Board of Directors (the “Board”), approved a proposal to amend the Company’s charter to decrease the number of authorized shares of capital stock from 3,000,000,000 to 1,531,750,000 (the “Amendment”).

On May 18, 2023, the Company filed Articles of Amendment effecting the Amendment with the State Department of Assessments and Taxation of Maryland (the “SDAT”), which were accepted for record by the SDAT and are effective.