Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of New Director
On July 21, 2025, Barry Habib was appointed to the Board of Directors of Fannie Mae, effective as of that date. The appointment of Mr. Habib is until the earlier of: (1) the next annual election of Board members; or (2) the date on which he resigns or is removed by U.S. Federal Housing FHFA, as conservator, while Fannie Mae is in conservatorship.
As of the date of this filing, we have not yet determined which Board committees Mr. Habib will serve on or whether there are any transactions or relationships involving Mr. Habib that are required to be disclosed by Item 404(a) of Regulation S-K. When they have been determined, we will provide in a future filing any required information about committee assignments or about relationships or transactions.
Director Compensation
Indemnification Agreement
Fannie Mae expects to enter into an indemnification agreement with Mr. Habib in the form filed as Exhibit 10.3 to Fannie Mae’s annual report on Form 10-K for the year ended December 31, 2018, filed with the Securities and Exchange Commission on February 14, 2019.