Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 11-K/A
Amendment No. 1
 
(Mark One)
 
 
 
þ
 
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the fiscal year ended December 31, 2016
 
OR
 
 
 
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
 

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 October 3, 2016)


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



Explanatory Note

The Annual Report on Form 11-K of the Dynex Capital, Inc. 401(k) Plan (as restated effective October 3, 2016) for the fiscal year ended December 31, 2016, filed on June 27, 2017 (the "Initial Report"), is amended by the filing of this Form 11-K/A Amendment No. 1 (this "Form 11-K/A") to the Initial Report. The sole purpose of this amendment is to correct the date of the signature of Stephen J. Benedetti, Executive Vice President, Chief Financial Officer and Chief Operating Officer of Dynex Capital, Inc., which was incorrect in the Initial Report. No other information contained in the Initial Report is amended by this Form 11-K/A.




Dynex Capital, Inc. 401(k) Plan
(as restated effective October 3, 2016)
Glen Allen, Virginia 23060-9245




 
Table of Contents
 
Items 1-3
1

Item 4
1

Statement of Plan Assets and Liabilities
2

Statement of Income and Expenses
3

Signatures
4





Required Information

Items 1-3.  The Dynex Capital, Inc. 401(k) Plan (as restated effective October 3, 2016) (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, 2016, 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.

 


1


Dynex Capital, Inc. 401(k) Plan
(as restated effective October 3, 2016)

Statement of Plan Assets and Liabilities


 
 
December 31, 2016
 
December 31,
2015
PLAN ASSETS
 
 
 
 
Mutual Funds
 
$
5,121,846

 
$
4,656,296

Corporate Stocks (Employer Stock)
 
673,755

 
521,820

Total Plan Assets
 
5,795,601

 
5,178,116

 
 
 
 
 
PLAN LIABILITIES
 
 

 
 

Other Liabilities
 
—

 
—

Total Plan Liabilities
 
—

 
—

 
 
 
 
 
NET PLAN ASSETS
 
$
5,795,601

 
$
5,178,116



2

Dynex Capital, Inc. 401(k) Plan
(as restated effective October 3, 2016)

Statement of Income and Expenses


 
Year Ended
 
December 31,
 
2016
INCOME
 
Contributions – Company Matching
$
156,410

Contributions – Participant
189,462

Contributions – Other
26,443

Net Appreciation in Fair Value of Investments
53,509

Interest and Dividends
200,720

 
 

Total Income
626,544

 
 

EXPENSES
 

Payments to Participants
5,193

Administrative Expenses
3,866

 
 

Total Expenses
9,059

 
 

NET INCOME
617,485

 
 

Net Plan Assets, Beginning of Year
5,178,116

 
 

Net Plan Assets, End of Year
$
5,795,601

 
 



3

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 October 3, 2016) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
DYNEX CAPITAL, INC. 401(k) PLAN
(as restated effective October 3, 2016)
 
 
 
 
 
 
Date: June 28, 2017
By:
/s/ Stephen J. Benedetti
 
 
Stephen J. Benedetti
Executive Vice President, Chief Financial Officer
& Chief Operating Officer
Dynex Capital, Inc., Plan Administrator


4