ANGEL OAK MORTGAGE INC

At Angel Oak Mortgage REIT’s annual meeting, shareholders elected eight directors to terms expiring in 2027 and confirmed Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2026. Each nominee received at least roughly 17 million votes in favor; there were also broker non-votes and various abstentions. On a non-binding basis, shareholders approved the compensation of the named executive officers. The company announced the auditor change from KPMG to Deloitte and described the transition as smooth; KPMG’s prior audit reports contained no qualifications. » More on de.investing.com

The audit committee of Angel Oak Mortgage REIT dismissed KPMG and appointed Deloitte & Touche as the new independent auditor for the fiscal year ending December 31, 2026. KPMG’s audit reports for the years ended December 31, 2025 and 2024 contained no disclaimers or qualifications, and there were no disagreements between the company and KPMG in the past two years. Angel Oak stated that it did not consult Deloitte on accounting or audit reporting matters prior to the appointment. » More on de.investing.com

Angel Oak Mortgage REIT amended the pricing agreement for its loan financing, reducing the interest margin from previously 1.75–3.35% to 1.65–2.40%, depending on collateral, loan status and holding period. The change was filed with the SEC as an addendum to the Pricing Side Letter; parts of the attachment are redacted. At the same time, the company published Q2 results with earnings per share of $0.03, well below the $0.29 expectation, while revenue of $10.42 million was slightly above expectations. » More on de.investing.com