Form 11-K (2013.12.31)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
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þ | | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2013
OR
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o | | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission file number: 1-9819
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A. | | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
Dynex Capital, Inc. 401(k) Plan
(as restated effective July 1, 2010)
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B. | | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
Dynex Capital, Inc.
4991 Lake Brook Drive, Suite 100
Glen Allen, Virginia 23060-9245
Dynex Capital, Inc. 401(k) Plan
Glen Allen, Virginia 23060-9245
Table of Contents
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Items 1-3 | 1 |
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Item 4 | 1 |
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Statement of Plan Assets and Liabilities | 2 |
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Statement of Income and Expenses | 3 |
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Signatures | 4 |
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Required Information
Items 1-3. The Dynex Capital, Inc. 401(k) Plan (as restated effective July 1, 2010) (the “Plan”) is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Therefore, in lieu of the requirements of Items 1-3 of Form 11-K, attached are the financial statements of the Plan as of and for the fiscal year ended December 31, 2013, which have been prepared in accordance with the financial reporting requirements of ERISA.
Item 4. Pursuant to Sections 103 and 104 of ERISA, and the regulations thereunder, the Plan is not required to file audited financial statements because the Plan has fewer than 100 participants.
Dynex Capital, Inc. 401(k) Plan
Statement of Plan Assets and Liabilities
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| | December 31, 2012 | | December 31, 2013 |
PLAN ASSETS | | | | |
Mutual Funds | | $ | 3,022,171 |
| | $ | 3,958,991 |
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Corporate Stocks (Employer Stock) | | 466,587 |
| | 441,619 |
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Cash Pending Investment | | 432 |
| | 5 |
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Participant Loan Receivable | | 6,083 |
| | 3,501 |
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Total Plan Assets | | 3,495,273 |
| | 4,404,116 |
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PLAN LIABILITIES | | |
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Other Liabilities | | — |
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Total Plan Liabilities | | — |
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NET PLAN ASSETS | | $ | 3,495,273 |
| | $ | 4,404,116 |
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Dynex Capital, Inc. 401(k) Plan
Statement of Income and Expenses
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| Year Ended |
| December 31, |
| 2013 |
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INCOME | |
Contributions – Company Matching | $ | 142,440 |
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Contributions – Participant | 175,113 |
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Contributions – Other | — |
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Investment Earnings | 676,366 |
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Interest on Participant Loans | 207 |
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Total Income | 994,126 |
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EXPENSES | |
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Payments to Participants | 85,283 |
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Total Expenses | 85,283 |
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NET INCOME | 908,843 |
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Net Plan Assets, Beginning of Year | 3,495,273 |
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Net Plan Assets, End of Year | $ | 4,404,116 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the administrators of the Dynex Capital, Inc. 401(k) Plan (as restated effective July 1, 2010) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | DYNEX CAPITAL, INC. 401(k) PLAN (as restated effective July 1, 2010) |
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Date: June 12, 2014 | By: | /s/ Stephen J. Benedetti |
| | Stephen J. Benedetti Executive Vice President, Chief Operating Officer & Chief Financial Officer Dynex Capital, Inc., Plan Administrator |