UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 

 
FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report:  August 10, 2016
(Date of Earliest Event Reported)

CAPSTEAD MORTGAGE CORPORATION
(Exact Name of Registrant as Specified in its Charter)

Maryland
001-08896
75-2027937
(State of Incorporation)
(Commission File No.)
(I.R.S. Employer Identification No.)

 
8401 North Central Expressway
Suite 800
Dallas, Texas
75225
 
 
(Address of Principal Executive Offices)
(Zip Code)
 

Registrant’s Telephone Number, Including Area Code: (214) 874-2323

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:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 230.14a-12).
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
 
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.

Adjustments to 2016 Base Salaries
 
On August 10, 2016, the Compensation Committee of the Board of Directors of Capstead Mortgage Corporation (the “Company”) increased the base salaries for two of the Company’s executive officers, effective August 16, 2016, as follows:
 
 
Executive
 
Current Annual
Base Salary
   
Annual Base Salary
Effective August 16, 2016
 
             
Phillip A. Reinsch
 
$
433,000
   
$
600,000
 
                 
Robert R. Spears, Jr.
 
$
541,000
   
$
575,000
 

The increase of Mr. Reinsch’s base salary was in connection with his appointment as the Company’s President and Chief Executive Officer effective on July 14, 2016, as previously announced by the Company.
 

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.

 
CAPSTEAD MORTGAGE CORPORATION
   
August 12, 2016
By:
/s/ Phillip A. Reinsch
   
Phillip A. Reinsch
   
President and Chief Executive Officer,
   
Chief Financial Officer and Secretary