Freddie Mac Sets CEO Kenny M. Smith's Base Salary at $600,000

FEDERAL HOME LOAN MORTGAGE CORP -4.89%

FEDERAL HOME LOAN MORTGAGE CORP

FMCC

6.03

-4.89%

Freddie Mac has announced the appointment of Kenny M. Smith as Chief Executive Officer, effective December 17, 2025. Under the terms of his employment, Smith will receive a base salary of $600,000 per year, pro-rated for the period of service in 2025. He will also be eligible for employee benefits as outlined in Freddie Mac's 2024 Annual Report. Additionally, Freddie Mac will enter into a restrictive covenant and confidentiality agreement, as well as an indemnification agreement, with Smith. Michael Hutchins will remain as President and continue to serve on the Board.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freddie Mac - Federal Home Loan Mortgage Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001026214-25-000131), on December 16, 2025, and is solely responsible for the information contained therein.
This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.