Richard Pickup

Richard Pickup

Orange County investor Richard Pickup is stepping down from the board of directors at Impac Mortgage Holdings (NYSE: IMH), the Irvine-based firm said this week.

Pickup, whose family is the largest owner of Impac Mortgage stock, has been on the board since 2018, currently serving as an independent director.

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“We have valued Dick’s perspective and insight during these past years and look forward to his continued support as a stakeholder,” said CEO and Chairman George Mangiaracina the statement Wednesday.

Pickup, 86, is a longtime equities investor whose prior holdings included significant stakes in Epicor Software Corp. and the parent company of fast food chain Carl’s Jr.

The Pickup family has been a large shareholder in Impac for more than six years and also owns and runs Balboa Bay Resort, Balboa Bay Club, and Newport Beach Country Club, which they bought in 2012.