Form 8-K

8-K — TWO HARBORS INVESTMENT CORP.

Accession: 0001104659-26-106707

Filed: 2026-09-10

Period: 2026-09-04

CIK: 0001465740

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

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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): September 4, 2026

Two Harbors Investment

Corp.

(Exact name of registrant

as specified in its charter)

Maryland

001-34506

27-0312904

(State or

other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer Identification No.)

1601

Utica Avenue South, Suite 900

St. Louis Park, MN

55416

(Address of Principal Executive Offices)

(Zip Code)

(612) 453-4100

Registrant’s telephone number, including area code

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:

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(s)

Name of Exchange on Which Registered:

8.125% Series A Cumulative Redeemable Preferred Stock

TWO PRA

New York Stock Exchange

7.625% Series B Cumulative Redeemable Preferred Stock

TWO PRB

New York Stock Exchange

7.25% Series C Cumulative Redeemable Preferred Stock

TWO PRC

New York Stock Exchange

9.375% Senior Notes Due 2030

TWOD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933

(17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.

Departure of Certain Officers

On September 4, 2026,

each of William Dellal, Vice President, Chief Financial Officer; Nicholas Letica, Vice President and Chief Investment Officer; Rebecca

Sandberg, Vice President, Chief Legal Officer, Secretary and Chief Compliance Officer; Robert Rush, Vice President and Chief Risk Officer;

and Alecia Hanson, Vice President and Chief Administrative Officer terminated employment with Two Harbors Investment Corp. (“TWO”),

effective immediately. William Greenberg will continue to serve as TWO’s Chief Executive Officer until October 2, 2026, on

which date his employment is expected to terminate.

Each of the foregoing officers’

departures constitutes (or in the case of Mr. Greenberg, is expected to constitute) a “Qualifying Termination” during

a “Change of Control Period” for purposes of the Two Harbors Investment Corp. Severance Benefits Plan, as amended and restated

effective December 16, 2025 (the “Plan”). Each such officer has entered or is expected to enter into a customary separation

and release agreement containing a general release of claims in favor of TWO, and otherwise memorializing the compensation and benefits

that such officer will receive in connection with his or her departure (in each case consistent with TWO’s contractual obligations

under the Plan).

Appointment of Chief Financial Officer

On September 4, 2026, TWO appointed Madhur

Agarwal as its Chief Financial Officer, effective immediately. Mr. Agarwal will serve as the principal financial officer for TWO.

Mr. Agarwal, age 36, has served as the Chief

Financial Officer of CrossCountry Mortgage, LLC (“CCM”), TWO’s parent company, since 2021, and is expected to continue

serving in such role concurrently with his service as Chief Financial Officer of TWO. As Chief Financial Officer of CCM, Mr. Agarwal

oversees all aspects of the finance function, including accounting and financial reporting, FP&A, corporate strategy, M&A, capital

raising activities, treasury, procurement and vendor management, payroll, and tax. Prior to joining CCM in 2021, Mr. Agarwal was

an investment professional at Radcliff Management, where he sourced, evaluated and executed privately negotiated investments in operating

businesses across the technology, consumer and financial services industries. Previously, Mr. Agarwal worked as an investment professional

at Crescent Capital Group, where he focused on private equity investments across various industries. He began his career in investment

banking at Citigroup. Mr. Agarwal holds a Master of Business Administration from Harvard Business School and a Bachelor of Science

from the University of Pennsylvania.

Mr. Agarwal

will not receive any compensation from TWO, nor will his compensation from CCM be modified, in connection with his appointment as Chief

Financial Officer of TWO. Mr. Agarwal has no other direct or indirect

material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under

the Securities Exchange Act of 1934, as amended, nor are any such transactions currently proposed. There are no arrangements or understandings

between Mr. Agarwal and any other persons pursuant to which Mr. Agarwal

is being appointed as Chief Financial Officer, and there are no family relationships

between Mr. Agarwal and any director or executive officer of TWO or

person nominated or chosen by TWO to become a director or executive officer.

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.

TWO HARBORS INVESTMENT

CORP.

By:

/s/ William R. Greenberg

William R. Greenberg

Chief Executive Officer

Date: September 10, 2026

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Sep. 04, 2026

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Entity File Number

001-34506

Entity Registrant Name

Two Harbors Investment

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Entity Tax Identification Number

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Entity Incorporation, State or Country Code

Entity Address, Address Line One

1601

Utica Avenue South, Suite 900

Entity Address, City or Town

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Security Exchange Name

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Series B Preferred Stock [Member]

Document Information [Line Items]

Title of 12(b) Security

7.625% Series B Cumulative Redeemable Preferred Stock

Trading Symbol

TWO PRB

Security Exchange Name

NYSE

Series C Preferred Stock [Member]

Document Information [Line Items]

Title of 12(b) Security

7.25% Series C Cumulative Redeemable Preferred Stock

Trading Symbol

TWO PRC

Security Exchange Name

NYSE

9.375% Senior Notes Due 2030 [Member]

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9.375% Senior Notes Due 2030

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Security Exchange Name

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