Donnell A. Segalas Concludes his Service as a Member of the Board of Annaly Capital Management, Inc.
Annaly Capital Management (NLY) announces the resignation of director Donnell A. Segalas, effective after the Annual Meeting of Stockholders on May 19, 2021. Segalas has been with the Board since 1997 and served in various committees, including Management Development and Compensation. CEO David Finkelstein and Chair Michael Haylon expressed gratitude for his two decades of service. Post-meeting, the Board remains composed of 11 directors, with 64% identifying as women or diverse. Annaly aims to continue optimizing returns as a leading capital manager focused on residential and commercial assets.
- Board diversity: 64% of directors identify as women or racially/ethnically diverse.
- All Board Committees are chaired by women.
- None.
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,
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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