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UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON,
 
DC 20549
 
 
FORM
8-K
 
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
 
Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported):
February 25, 2021
 
 
Orchid Island Capital, Inc.
 
(Exact Name of Registrant as Specified in Charter)
 
 
Maryland
001-35236
27-3269228
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
3305 Flamingo Drive
,
Vero Beach
,
Florida
32963
 
(Address of Principal Executive Offices) (Zip Code)
 
 
Registrant’s telephone number, including area code
(
772
)
231-1400
 
 
N/A
 
(Former Name or Former Address, if Changed Since Last Report)
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class:
Trading symbol:
 
Name of each exchange
 
on which registered:
Common Stock, par value $0.01 per share
ORC
NYSE
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
 
Emerging growth company
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act.
 
 
 
 
 
ITEM 2.02.
 
RESULTS OF OPERATIONS
 
AND FINANCIAL CONDITION.
 
 
On February 25, 2021, Orchid Island Capital, Inc. (the “Company”) issued the press release attached hereto as Exhibit 99.1
announcing the Company’s results of operations for the period ended December 31, 2020. In addition, the Company posted
supplemental financial information on the investor relations section of its website (www.orchidislandcapital.com).
 
The press
release, attached as Exhibit 99.1, is being furnished under this “Item 2.02 Results of Operations and Financial Condition,”
and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed
incorporated by reference in any disclosure document of the Company, except as shall be expressly set forth by specific
reference in such document.
 
Caution About Forward-Looking Statements.
 
 
This Current Report on
 
Form 8-K contains “forward
 
-looking statements” made pursuant
 
to the safe harbor
 
provisions of the
Private Securities Litigation
 
Reform Act of
 
1995, including, but
 
not limited to
 
statements regarding interest
 
rates, liquidity,
pledging of
 
our structured RMBS,
 
funding levels and
 
spreads, prepayment speeds,
 
portfolio positioning and
 
repositioning,
hedging levels, dividends,
 
growth, the supply
 
and demand for
 
Agency RMBS, the
 
effect of actions
 
of the U.S.
 
government,
including the Federal Reserve, market expectations, the stock repurchase program and
 
general economic conditions. Forward-
looking statements
 
typically are
 
identified by
 
use of
 
terms such
 
as “believe,”
 
“expect,” “anticipate,”
 
“estimate,” “plan,”
“continue,” “intend,” “should,” “may”
 
or similar expressions. Forward-looking
 
statements are based on
 
the Company’s beliefs,
assumptions and expectations of the Company’s future performance, taking into account all information currently available to
the Company. The Company cannot assure you
 
that actual results will
 
not vary from the expectations
 
contained in the forward-
looking statements. All
 
of the forward-looking
 
statements are subject
 
to numerous possible
 
events, factors and
 
conditions,
many of which
 
are beyond the
 
control of the
 
Company and not
 
all of which
 
are known to
 
the Company,
 
including, without
limitation, market conditions
 
and those described
 
in the Company’s
 
Annual Report on
 
Form 10-K for
 
the fiscal year
 
ended
December 31, 2019 and
 
Quarterly Report on Form
 
10-Q for the three
 
months ended March 31,
 
2020, which have been
 
filed
with the Securities
 
and Exchange Commission
 
(the “SEC”), and
 
other documents that
 
the Company files
 
with the SEC.
 
All
forward-looking statements speak only as of the
 
date on which they are made. New risks
 
and uncertainties arise over time, and
it is not possible to
 
predict those events or how
 
they may affect us.
 
Except as required by law,
 
the Company is not obligated
to, and does
 
not intend to,
 
update or revise
 
any forward-looking statements,
 
whether as a
 
result of new
 
information, future
events or otherwise.
 
ITEM 9.01. FINANCIAL STATEMENTS
 
AND EXHIBITS.
 
(d)
 
Exhibits
 
Exhibit No.
Description
99.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL
document)
 
 
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the
 
Securities Exchange Act of 1934,
 
the Registrant has duly caused this
 
report to be signed on
its behalf by the undersigned hereunto duly authorized.
 
Date: February 25, 2021
 
ORCHID ISLAND CAPITAL, INC.
By:
/s/ Robert E. Cauley
Robert E. Cauley
Chairman and Chief Executive Officer