GlobeNewswire·Sep 14, 2026, 4:10 PM ET

Richard Parry Joins Board of Directors of Bimini Capital Management

Richard Parry joined the board of Bimini Capital Management, Inc. as a Class II director with a term expiring in 2029.
Parry currently serves as President and Chief Investment Officer of Tom Johnson Investment Management, LLC (TJIM), an 80%-owned subsidiary acquired by the company earlier in 2026.
A trust affiliated with Parry retains an equity interest in TJIM, which was acquired in connection with his employment agreement.
Chairman Robert E. Cauley stated the appointment demonstrates the company's commitment to growing its asset management endeavors.
As an employee, Parry will not receive separate compensation for board service but may be reimbursed for out-of-pocket expenses related to conferences or seminars.
Parry is not expected to serve on a board committee at this time.
The press release includes standard forward-looking statement disclaimers regarding risks, uncertainties, and SEC filings.