Bimini Capital Appoints Richard H. Parry to Board; TJIM Acquisition Tie

What Happened

• Bimini Capital Management, Inc. (BMNM) filed an 8‑K on September 14, 2026 announcing that Richard H. Parry, age 68, was appointed a Class II director with a term expiring at the 2029 annual meeting. Mr. Parry is currently President and Chief Investment Officer of Tom Johnson Investment Management, LLC (TJIM), an 80%-owned subsidiary of Bimini after the Company’s April 1, 2026 acquisition.
• The filing discloses Mr. Parry’s direct material interest in Bimini’s April 1, 2026 purchase of 80% of TJIM’s fully diluted equity for $12,318,492 from trusts affiliated with Mr. Parry and his wife, and notes a trust affiliated with Mr. Parry retains an equity interest in TJIM. Mr. Parry entered into an employment agreement with TJIM in connection with that acquisition.

Key Details

• Filing date: September 14, 2026 (Form 8‑K, Item 5.02).
• Appointment: Richard H. Parry named Class II director; term through the 2029 annual meeting.
• TJIM acquisition: Bimini bought 80% of TJIM on April 1, 2026 for $12,318,492; Mr. Parry has a direct material interest and remains financially tied to TJIM.
• Related-party note: Mr. Parry’s son‑in‑law, Nicholas J. Pointer, is employed by TJIM as Vice President, Portfolio Manager and Trader, with aggregate annual compensation above $120,000. Mr. Parry will not receive separate director pay but may be reimbursed for Board-related out‑of‑pocket expenses.

Why It Matters

• The appointment links Bimini’s board directly to the management of TJIM, the firm Bimini recently acquired a controlling stake in, and the filing discloses the material and family ties involved. For investors, this is a governance and related‑party disclosure: the company has made the ties public, including the purchase price and employment arrangements.
• The facts may be relevant when evaluating potential conflicts of interest, oversight of TJIM operations, and how management and board incentives align with minority shareholders. The filing does not state any additional compensation for Mr. Parry’s board service.