From Fannie 8K
Priscilla Almodovar will no longer serve as the company’s President and Chief Executive Officer, nor as a member of the company’s Board of Directors.
In connection with her departure, Ms. Almodovar has entered into an agreement and general release with Fannie Mae that provides for her to receive: (1) $1,200,000 (two years of her annual base salary); (2) twelve months of subsidized medical and dental coverage; and (3) six months of outplacement services. The agreement also provides that she releases certain claims against Fannie Mae, its subsidiaries, the conservator, and other specified parties as set forth in the agreement.
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