Logo
Login
$EFC
$11.71 -$0.02 (0.17%) Close

Company Executives

$EFC Management Team

Dr. Ronald Simon

Independent Chairman of the Board

Age 86
Compensation $292.1K USD
Sex Male

Mr. Laurence Penn

President

Chief Executive Officer

Director

Age 63
Compensation -
Sex Male

Mr. J. R. Herlihy

Chief Financial Officer

Treasurer

Age 43
Compensation $1.065M USD
Sex Male

Mr. Christopher Smernoff

Chief Accounting Officer

Age 48
Compensation $683.0K USD
Sex Male

Mr. Mark Tecotzky

Co-Chief Investment Officer

Age 63
Compensation -
Sex Male

Mr. Michael Vranos

Co-Chief Investment Officer

Age 63
Compensation -
Sex Male

Mr. Daniel Margolis

General Counsel

Age 51
Compensation -
Sex Male

Board of Directors

From the proxy statement filed Apr 9, 2026
Directors
5
serving now
Independent
4 of 4
stated in the proxy; 1 not stated
Average tenure
14.0 years
from year joined
CEO also chairs the board
No
Ronald I. Simon
Director Age On board Independent Committees Other public boards Pay Source
Ronald I. Simon
Board chair
 87 2007
19 years
 Independent
Audit Committee · Chair
Ellington Credit Company (NYSE: EARN) Not stated
Laurence E. Penn
CEO
 64 2007
19 years
 Not stated None stated None stated Paid as CEO
Edward Resendez
69 2007
19 years
 Independent
Audit Committee Compensation Committee · Chair Nominating and Corporate Governance Committee
None stated Not stated
Lisa Mumford
62 2018
8 years
 Independent
Audit Committee Compensation Committee Nominating and Corporate Governance Committee
Radian Group Inc. Not stated
Stephen J. Dannhauser
75 2021
5 years
 Independent
Nominating and Corporate Governance Committee · Chair
None stated Not stated

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

Related-party transactions

4 disclosed in the proxy filed Apr 9, 2026
Our Manager (EMG affiliate)
Manager whose officers include Mr. Vranos, Mr. Penn, Mark Tecotzky, JR Herlihy, Christopher Smernoff and Daniel Margolis
$25.4 million
year ended December 31, 2025

Management agreement under which the Manager provides day-to-day management of our operations; base management fees paid quarterly

With Our Manager Open in proxy
Our Manager (EMG affiliate)
Manager whose officers include Mr. Vranos, Mr. Penn, Mark Tecotzky, JR Herlihy, Christopher Smernoff and Daniel Margolis
$4.5 million
year ended December 31, 2025

Incentive fee paid to the Manager under the management agreement

With Our Manager Open in proxy
EMG and its affiliates
Administrator of certain investments and transactions in which we participate; partners of EMG include Messrs. Vranos, Penn, and Tecotzky
Approximately $0.1 million
years ended December 31, 2025 and 2024

Administrative fees paid to EMG or its affiliates for administrative services attributable to us

Open in proxy
Directors and executive officers
Directors and executive officers of the Company
Amount not stated

Indemnification agreements obligating the Company to indemnify directors and executive officers and advance their defense expenses

With Company Open in proxy

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support
View Pricing Plans