f11k-12312012.htm

 
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 11-K
 
 (Mark One)
     
þ
  
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the fiscal year ended December 31, 2012
 
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


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
 
1
1
4
 
 
 

 

 
 
 
 
 


 
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, 2012, 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


   
January 1,
    
December 31,
  
   
2012
    
2012
  
             
PLAN ASSETS
            
Mutual Funds
   $ 2,584,003     $ 3,022,171  
Corporate Stocks (Employer Stock)
     380,029       466,587  
Cash Pending Investment
     7       432  
Participant Loan Receivable
     8,457       6,083  
                 
Total Plan Assets
     2,972,496       3,495,273  
                 
PLAN LIABILITIES
                
Other Liabilities
     –       –  
                 
Total Plan Liabilities
     –       –  
                 
NET PLAN ASSETS
   $ 2,972,496     $ 3,495,273  
                 
                 


 
 
 
 
 




Dynex Capital, Inc. 401(k) Plan

Statement of Income and Expenses


   
Year Ended
  
   
December 31,
  
   
2012
  
       
INCOME
      
Contributions – Company Matching
   $ 128,060  
Contributions – Participant
     154,316  
Contributions – Other
     –  
Investment Earnings
     393,343  
Interest on Participant Loans
     298  
         
Total Income
     676,017  
         
EXPENSES
        
Payments to Participants
     153,240  
         
Total Expenses
     153,240  
         
NET INCOME
     522,777  
         
Net Plan Assets, Beginning of Year
     2,972,496  
         
Net Plan Assets, End of Year
   $ 3,495,273  
         


 
 
 
 
 



 

 
 
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.
 
 
 
   
DYNEX CAPITAL, INC. 401(k) PLAN
(as restated effective July 1, 2010)
     
     
Date: July 15, 2013
By:
/s/ Stephen J. Benedetti
   
Stephen J. Benedetti
Executive Vice President, Chief Operating Officer
& Chief Financial Officer
Dynex Capital, Inc., Plan Administrator