{"url_path":"/sec/dx/8-k/2026-06-16/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-16","source_url":"https://www.sec.gov/Archives/edgar/data/826675/0000826675-26-000066-index.html","accession_number":"0000826675-26-000066","cik":"0000826675","ticker":"DX","issuer_name":"DYNEX CAPITAL INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/826675/0000826675-26-000066-index.html","primary_entity_key":"0000826675","primary_entity_name":"DYNEX CAPITAL INC"},"word_count":260,"has_tables":true,"body_markdown":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers\n\nOn June 15, 2026, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Douglas Neal as an independent director of the Company, effective immediately. The size of the Board was increased to seven members in connection with the appointment. Mr. Neal has been appointed to the Audit Committee and Compensation Committee of the Board. Mr. Neal will stand for election by the Company’s shareholders at the next annual meeting of shareholders in 2027.\n\nMr. Neal will be entitled to the standard compensation provided to non-employee directors as described in the Company’s Proxy Statement filed with the Securities and Exchange Commission (the “SEC”) on April 7, 2026. His compensation will be pro-rated for service until the Company’s next annual meeting of shareholders in 2027. The Company expects to enter into an indemnification agreement with Mr. Neal in the form filed as [Exhibit 10.1](https://www.sec.gov/Archives/edgar/data/826675/000082667526000047/exhibit101formofindemnific.htm) to the Company’s current report on Form 8-K, filed with the SEC on May 22, 2026.\n\nThe Board has determined that Mr. Neal is independent under applicable New York Stock Exchange listing rules and regulations of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). There are no arrangements or understandings between Mr. Neal and any other persons or entities pursuant to which he was appointed as a director. Further, Mr. Neal is not party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K."}