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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): January 2, 2025
Federal Home Loan Mortgage Corporation
(Exact name of registrant as specified in its charter)
Freddie Mac
Federally chartered
corporation		 001-34139 52-0904874
(State or other jurisdiction of
incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)

8200 Jones Branch DriveMcLeanVirginia22102-3110
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (703) 903-2000
Not applicable
 
(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 (see General Instruction A.2. below):
 
☐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 classTrading Symbol(s)Name of each exchange on which registered
NoneN/AN/A
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 2, 2025, Freddie Mac (formally the Federal Home Loan Mortgage Corporation) elected Jane E. Prokop to its Board of Directors (the Board), effective as of January 2, 2025. Ms. Prokop is an experienced executive in the financial services industry.
Ms. Prokop, age 59, has served as the Executive Vice President and Global Head of Small and Medium Enterprises at Mastercard Incorporated since October 2021. From June 2009 until September 2021, Ms. Prokop was Chief Executive Officer at Principis Capital, a privately held specialty finance company providing financing to the small business sector in the US and Canada. Ms. Prokop was Chief Strategy Officer at Northern Leasing Systems from May 2007 until May 2009, leading the team evaluating small-ticket lease portfolios and platforms, resulting in the acquisition of over $100 million in lease portfolios. From December 2004 until February 2007, Ms. Prokop was Executive Vice President of Strategy and Planning at MortgageIT, a residential mortgage banking company, where she partnered with other executives to manage the hedging and securitization of various mortgage collateral types for a proprietary portfolio, which grew to over $5 billion. Ms. Prokop was President of the Home Closer LLC division at MortgageIT from April 2002 until December 2004. From October 1999 until March 2002, Ms. Prokop was Executive Vice President of Corporate Development at Digital Convergence Corp. (a media technology company), responsible for strategic alliances/business development and financial strategy function. Ms. Prokop was an Investment Officer at AIG-Brunswick Capital Management from June 1996 until July 1999, serving as an investment professional in a $300 million private equity fund targeting Russian and Eastern European companies. Ms. Prokop holds a Ph.D. from Harvard University and a B.A. from Boston University.
Ms. Prokop will receive compensation as a non-executive director of Freddie Mac as described in Freddie Mac’s Annual Report on Form 10-K filed on February 14, 2024 (the 2023 Annual Report), under the heading “Directors, Corporate Governance, and Executive Officers – Corporate Governance – Director Compensation,” which description is incorporated herein by reference. Ms. Prokop will be a member of the Operations and Technology Committee and the Risk Committee.
Freddie Mac will enter into an indemnification agreement with Ms. Prokop, the form of which is filed as Exhibit 10.28 to Freddie Mac’s Annual Report on Form 10-K filed on February 10, 2022, and is incorporated herein by reference. For a description of this agreement, see the 2023 Annual Report, under the heading “Executive Compensation – Compensation Discussion and Analysis – Written Agreements Relating to NEO Employment – Indemnification Agreements,” which description is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The exhibits listed in the Exhibit Index below are being submitted with this report.
† This exhibit is a management contract or compensatory plan, contract, or arrangement.

_____________________________________________________________________________________________________
Freddie Mac Form 8-K


SIGNATURE
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.
 
FEDERAL HOME LOAN MORTGAGE CORPORATION
By:/s/Heidi L. Mason
 Heidi L. Mason
 EVP and General Counsel
Date: January 7, 2025





















______________________________________________________________________________________________________

Freddie Mac Form 8-K

                                                
Exhibit 99.1
pressreleaseimagev2a05a.jpg
newsrelease3a.jpg
FOR IMMEDIATE RELEASE
January 7, 2025
MEDIA CONTACT: Christopher Spina
703-388-7031
Christopher_Spina@FreddieMac.com

Jane E. Prokop Joins Freddie Mac’s Board of Directors

MCLEAN, Va., January 7, 2025 -- Freddie Mac (OTCQB: FMCC) today announced the election of Jane E. Prokop, Ph.D. to its Board of Directors effective January 2, 2025. Ms. Prokop has spent nearly three decades in the financial services sector, working in areas such as fintech, product development and business financing. She is currently Executive Vice President and Global Head of Small and Medium Enterprises at Mastercard Incorporated, where she drives innovation, strategy and product development to serve businesses worldwide.

“Ms. Prokop brings nearly 30 years of strategic insights, broad financial services experience and cutting-edge financial technology expertise to support Freddie Mac’s mission,” said Lance Drummond, Chair of Freddie Mac’s Board of Directors. “We welcome her to Freddie Mac’s Board of Directors and look forward to benefitting from her unique perspective.”

Ms. Prokop joined Mastercard in 2021 from Principis Capital, a privately held specialty finance company serving small businesses in the United States and Canada, where she had served as Chief Executive Officer since 2009.

Prior to joining Principis, Ms. Prokop was Chief Strategy Officer for Northern Leasing Systems from 2007 to 2009. She was Executive Vice President of Strategy and Planning at residential mortgage banking company MortgageIT from 2004 until 2007 and President of MortgageIT’s Home Closer LLC division from 2002 to 2004. From 1999 to 2002, Ms. Prokop was Executive Vice President of Corporate Development at Digital Convergence Corp., and she was an Investment Officer at AIG-Brunswick Capital Management from 1996 to 1999.

Ms. Prokop holds a Ph.D. from Harvard University and a B.A. from Boston University.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home.
Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube

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Document and Entity Information
Jan. 02, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 02, 2025
Entity Registrant Name Federal Home Loan Mortgage Corporation
Entity File Number 001-34139
Entity Tax Identification Number 52-0904874
Entity Address, Address Line One 8200 Jones Branch Drive
Entity Address, City or Town McLean
Entity Address, State or Province VA
Entity Address, Postal Zip Code 22102-3110
City Area Code 703
Local Phone Number 903-2000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001026214
Amendment Flag false
Entity Incorporation, State or Country Code X1
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