On March 6, 2018, Paul Keenan, an independent member of the Board of Directors of Chimera Investment Corporation, notified the Company that he will not stand for re-election at the Company's 2018 Annual Meeting of Shareholders. His term ends on the day of the Company's 2018 Annual Meeting of Shareholders. On March 6, 2018, the Board increased the number of directors who constitute the Board from eight to nine and appointed Debra W. Still as an independent director of the Board, effective immediately. Ms. Still was elected to a term that continues until the Company's 2018 annual meeting of stockholders and until her successor is duly elected and qualified, or until her earlier death, resignation or removal. Still, 65, has nearly four decades of experience in real estate finance and since 2010 has served as President and Chief Executive Officer of Pulte Financial Services.