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:
☐
☐
☐
☐
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
By:
/s/ Robert E. Cauley
Robert E. Cauley
Chairman and Chief Executive Officer