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.
“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.