Fannie Mae 2004 Annual Report Download - page 224

Download and view the complete annual report

Please find page 224 of the 2004 Fannie Mae annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 358

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • 298
  • 299
  • 300
  • 301
  • 302
  • 303
  • 304
  • 305
  • 306
  • 307
  • 308
  • 309
  • 310
  • 311
  • 312
  • 313
  • 314
  • 315
  • 316
  • 317
  • 318
  • 319
  • 320
  • 321
  • 322
  • 323
  • 324
  • 325
  • 326
  • 327
  • 328
  • 329
  • 330
  • 331
  • 332
  • 333
  • 334
  • 335
  • 336
  • 337
  • 338
  • 339
  • 340
  • 341
  • 342
  • 343
  • 344
  • 345
  • 346
  • 347
  • 348
  • 349
  • 350
  • 351
  • 352
  • 353
  • 354
  • 355
  • 356
  • 357
  • 358

Peter S. Niculescu, 47, has been Executive Vice President—Capital Markets (previously Mortgage Portfolio)
since November 2002. Mr. Niculescu joined Fannie Mae in March 1999 as Senior Vice President—Portfolio
Strategy and served in that position until November 2002.
William B. Senhauser, 44, has been Senior Vice President and Chief Compliance Officer since December
2005. Prior to his present appointment, Mr. Senhauser was Vice President for Regulatory Agreements and
Restatement from October 2004 to December 2005 and Vice President for Operating Initiatives, responsible
for oversight of critical company-wide initiatives and management of special projects for the chief operating
officer from January 2003 to September 2004. Mr. Senhauser joined Fannie Mae in 2000 as Vice President for
Fair Lending.
Julie St. John, 55, has been Executive Vice President since July 2000. She served as Chief Information Officer
from March 2004 to November 2006 and as Chief Technology Officer from July 2000 to March 2004. She
served as Senior Vice President—Mortgage Business Technology from November 1999 to July 2000. She was
Senior Vice President—Guaranty and Franchise Technologies from November 1993 to November 1999. Ms. St.
John joined Fannie Mae in 1990 as Vice President of Systems Development. Ms. St. John advised us in July
2006 of her intention to retire from Fannie Mae. She has informed us that she intends to retire on
December 15, 2006.
Beth A. Wilkinson, 44, has been Executive Vice President—General Counsel and Corporate Secretary since
February 2006. Prior to joining Fannie Mae, Ms. Wilkinson was a partner and co-chair, White Collar Practice
Group for Latham & Watkins LLP, from 1998 to 2006. Before joining Latham, she served as a prosecutor and
special counsel for U.S. v. McVeigh and Nichols from 1996 to 1998. During her tenure at the Department of
Justice, Ms. Wilkinson was appointed principal deputy of the Terrorism & Violent Crime Section in 1995, and
served as Special Counsel to the Deputy Attorney General from 1995 to 1996. Ms. Wilkinson also served as
an Assistant U.S. Attorney in the Eastern District of New York from 1991 to 1995. Prior to that time,
Ms. Wilkinson was a Captain in the United States Army serving as an assistant to the general counsel of the
Army for Intelligence & Special Operations from 1987 to 1991.
Michael J. Williams, 49, has been Executive Vice President and Chief Operating Officer since November
2005. Mr. Williams was Fannie Mae’s Executive Vice President for Regulatory Agreements and Restatement
from February 2005 to November 2005. He has been responsible for managing our overall effort to restate and
reaudit Fannie Mae’s financial statements since January 2005 and for fulfilling Fannie Mae’s obligations under
Fannie Mae’s agreements with OFHEO since October 2004. Mr. Williams also served as President—Fannie
Mae eBusiness from July 2000 to February 2005 and as Senior Vice President—e-commerce from July 1999
to July 2000. Prior to this, Mr. Williams served in various roles in the Single-Family and Corporate
Information Systems divisions of the company. Mr. Williams joined Fannie Mae in 1991.
Under our bylaws, each executive officer holds office until his or her successor is chosen and qualified or until
he or she resigns, retires or is removed from office.
Section 16(a) Beneficial Ownership Reporting Compliance
Our directors and officers file with the SEC reports on their ownership of our stock and on changes in their
stock ownership. Based on a review of forms filed during 2004 or with respect to 2004 and on representations
from our directors and officers, we believe that all of our directors and officers filed all required reports and
reported all holdings and transactions reportable during 2004 except as described below. In November and
December 2006, each of the persons listed below filed an amended Form 4 or a Form 5 to report transactions
that occurred prior to our initial registration with the SEC in March 2003: Mr. Mudd and Mr. Pickett—one
transaction; Mr. Donilon—five transactions; Mr. Adolfo Marzol, Ms. St. John and Mr. Williams—seven
transactions. In addition, the following persons did not report transactions occurring prior to our initial SEC
registration: Ms. Spencer—four transactions and Mr. Howard—eight transactions. These transactions were
inadvertently omitted from the officer or director’s initial Form 4 filing. All of these transactions were reported
on “Statements of Changes in Beneficial Ownership” that were posted on our Web site shortly after they took
place. Mr. Williams’ Form 5 also reported a holding that was inadvertently omitted from his Form 3.
219