Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.Freddie Mac (formally known as theFederal Home Loan Mortgage Corporation ) has entered into a new compensation arrangement withDonald F. Kish , Senior Vice President, Corporate Controller and Principal Accounting Officer, in recognition of his increased responsibilities in support of our Chief Financial Officer,Christian M. Lown , fromJune 15, 2020 toDecember 31, 2020 . This arrangement was approved by theFederal Housing Finance Agency (FHFA), as Conservator, onJanuary 6, 2021 . Pursuant to this arrangement,Mr. Kish has accrued a special cash award of$196,000 , which will be paid in two equal installments: the first as soon as administratively possible and the second approximately 60 days later. To be eligible to receive the award,Mr. Kish must remain an employee at the time each installment is payable, except in certain termination events including death, disability, and involuntary non-performance-based termination byFreddie Mac . Other than as described above, the award does not affectMr. Kish's compensation arrangement as described inFreddie Mac's Annual Report on Form 10-K filed onFebruary 13, 2020 and Current Report on Form 8-K filed onFebruary 21, 2020 . Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The exhibits listed in the Exhibit Index below are being filed as part of this Current Report on Form 8-K. Exhibit Number Description of Exhibit 10.1 Memorandum Agreement, dated January 7, 20 21, between Freddie Mac and Donnie Kish † 104 Cover Page Interactive Data File (embedded
within the Inline XBRL document)
† This exhibit is a management contract or compensatory plan, contract, or arrangement.
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Freddie Mac Form 8-K
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