Dynex Capital, Inc. 2012 Base Salary Approval for Named Executive Officers

Contract Categories: Human Resources › Compensation Agreements
Summary

Dynex Capital, Inc.'s Board of Directors and Compensation Committee approved new base salaries for its top executives, effective April 1, 2012. The agreement sets the annual salaries for Thomas B. Akin (Chairman and CEO) and Byron L. Boston (President and Chief Investment Officer) at $600,000 each, and for Stephen J. Benedetti (Executive Vice President, COO, and CFO) at $375,000. This document formalizes the salary increases for these named executive officers.

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EX-10.17 2 exhibit1017-namedexecutive.htm NAMED EXECUTIVE OFFICER SALARIES Exhibit 10.17 - Named Executive Officer Salaries


Exhibit 10.17



Dynex Capital, Inc.
2012 Base Salaries for Named Executive Officers



The 2011 base salaries for Dynex Capital, Inc.'s named executive officers were as follows: Thomas B. Akin, Chairman and Chief Executive Officer - $500,000; Byron L. Boston, Executive Vice President and Chief Investment Officer - $500,000; and Stephen J. Benedetti, Executive Vice President, Chief Operating Officer and Chief Financial Officer - $350,000.   
On March 1, 2012 Dynex Capital, Inc.'s Board of Directors and Compensation Committee of the Board of Directors approved the following base salaries effective April 1, 2012 for the named executive officers: Thomas B. Akin, Chairman and Chief Executive Officer - $600,000; Byron L. Boston, President and Chief Investment Officer - $600,000; and Stephen J. Benedetti, Executive Vice President, Chief Operating Officer and Chief Financial Officer - $375,000.