Bimini Capital Management, Inc. (OTCQX:BMNM), headquartered in Vero Beach, Florida, announced the appointment on Sept. 14, 2026, at 4:16 p.m. The company named Richard Parry a Class II director.
Parry serves as president and chief investment officer of Tom Johnson Investment Management, LLC, or TJIM, an 80%-owned subsidiary acquired by Bimini Capital earlier this year. Parry's board term expires in 2029. A trust affiliated with Parry retains an equity interest in TJIM, and he entered into an employment agreement with TJIM in connection with the acquisition.
As an employee, Parry will not receive separate compensation for his director service. He may be reimbursed for out-of-pocket expenses incurred while attending conferences or educational seminars related to his board service, consistent with company practice. He is not expected to serve on a board committee at this time.
Robert E. Cauley is chairman and chief executive officer of Bimini Capital.