Orchid Island Capital Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   Elect six directors, each to hold office until the next annual meeting and until his or her successor is elected and qualified.

2. 2

   Ratify the Selection of Independent Registered Public Accounting Firm

   ManagementBoard: FOR

   Ratify the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2026.

3. 3

   Advisory Vote to Approve Executive Compensation (Say-on-Pay

   ManagementBoard: FOR

   Non-binding advisory approval of the compensation of the named executive officers as disclosed in the proxy statement (Compensation Discussion and Analysis, Summary Compensation Table and related disclosures).

   More detail

   This management proposal requests a non-binding, advisory approval of the Company’s named executive officer compensation as described in the proxy statement. Because Orchid Island is externally managed, much of the executive pay is determined and paid through its Manager (Bimini), and the Company reimburses certain allocable compensation; this context makes the advisory vote a tool for communicating stockholder sentiment rather than directly changing pay contracts. The Board recommends a vote FOR, arguing that equity awards and performance-based components align manager incentives with stockholder interests by emphasizing dividends, book value preservation, and multi-year performance (one-, three-, and five-year measures). The Compensation Committee’s plans (e.g., the LTICP) tie awards to peer-relative financial performance, Agency RMBS rate-relative performance, and peer-relative book value performance, with mechanisms to adjust Performance Units for book value impairment or extraordinary preservation events—features intended to discourage excessive risk-taking. The proposal is non-binding, so it will not override Board decisions, but the Board will consider the vote’s outcome when setting future compensation. For investors evaluating governance risk, key considerations include the external management structure, the size and discretion of the Manager’s compensation pool, and the degree to which performance metrics genuinely capture long-term downside protection versus short-term gains. Given the company’s disclosures (notably the detailed incentive plan mechanics, clawback policy, and prior high say-on-pay support), a FOR vote signals support for current alignment mechanisms but does not guarantee changes to compensation arrangements. Analysts should weigh the dilution and vesting features of Performance Units, the potential for discretionary grants (e.g., 2026 discretionary awards), and the influence of the Manager’s broader compensation practices on the effectiveness of these incentives.

4. 4

   Advisory Vote on Frequency of Future Say-on-Pay Votes (Say-on-Frequency

   ManagementBoard: FOR

   Non-binding advisory vote to recommend the frequency (every one, two or three years) with which stockholders will be asked to cast advisory votes on executive compensation; the option receiving the most 'for' votes will be considered the stockholder recommendation.

   More detail

   This management proposal asks stockholders to recommend, on a non-binding basis, whether advisory votes on executive compensation should occur every one, two, or three years. The Board recommends an annual (every one year) vote, arguing that annual voting provides timely feedback in line with the Compensation Committee’s annual evaluations and the proxy disclosure focus on the prior fiscal year’s compensation. For an externally managed REIT like Orchid Island, an annual cadence enables more immediate investor input regarding compensation arrangements that are substantially determined through the Manager and subject to discretionary grants. The company’s compensation program links pay to multi-year metrics (one-, three-, and five-year performance periods), which could argue for less frequent votes; however, the Board emphasizes that annual votes better align with management’s annual review cycle and allow the Board to react to investor sentiment more quickly. The vote is non-binding but serves as a governance signal that the Board and Compensation Committee will consider; therefore, adoption of an annual frequency could increase governance responsiveness without changing compensation mechanics. Key evaluation points for investors include whether annual votes create constructive engagement or excessive short-term pressure, how the Manager’s discretion in awarding equity interacts with investor feedback, and whether more frequent votes materially affect compensation design given multi-year performance metrics. Given the Board’s explicit rationale and the company’s external management structure, an annual recommendation is consistent with a governance approach favoring regular stockholder engagement and timely oversight of compensation practices.

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When is the Orchid Island Capital Inc 2026 annual meeting?

Orchid Island Capital Inc (ORC) holds its 2026 annual shareholder meeting on Tuesday, June 9, 2026.

What is the record date for the Orchid Island Capital Inc 2026 meeting?

The record date for the Orchid Island Capital Inc 2026 meeting is Thursday, April 9, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Orchid Island Capital Inc's 2026 meeting?

The board is presenting 6 director nominees at the Orchid Island Capital Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Orchid Island Capital Inc 2026 meeting?

Shareholders will vote on 4 proposals at the Orchid Island Capital Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.