Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 13, 2026, Joy Palmer notified Dynex Capital, Inc. (the "Company") that she will not stand for re-election as a member of the Board of Directors (the "Board") at the Company's 2026 Annual Meeting of Shareholders (the "Annual Meeting"). Ms. Palmer plans to remain on the Board until the Annual Meeting.
Ms. Palmer's decision not to stand for re-election was not because of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.