Current Report Filing (8-k)
August 09 2018 - 5:00PM
Edgar (US Regulatory)
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): August 9,
2018
Navient Corporation
(Exact name of registrant as specified in its charter)
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Delaware
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001-36228
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46-4054283
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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123 Justison Street, Wilmington, Delaware
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19801
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(302) 283-8000
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))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging
growth company
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☐
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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
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On
August 9, 2018, the Board of Directors (the “Board”) of
Navient Corporation (the “Company”), upon the
recommendation of the Nominations and Governance Committee,
unanimously approved the appointment of Frederick Arnold as a
director of the Company, effective immediately. Mr. Arnold will
serve for an initial term ending at the Company’s 2019 Annual
Meeting of Stockholders. The Board has determined that Mr. Arnold
will serve on the Audit Committee.
On
August 9, 2018, the Company issued a press release announcing Mr.
Arnold’s appointment to the Board. A copy of the press
release is furnished herewith as Exhibit 99.1.
The Board has affirmatively determined that Mr.
Arnold meets the qualifications of an independent director under
Nasdaq Rule 5605(a)(2) and the Company’s Corporate Governance
Guidelines. Navient is not aware of any transactions with Mr.
Arnold that would require disclosure un
der Item 404(a) of Regulation S-K. As a
non-employee director, Mr. Arnold will participate in
Navient’s compensation program for non-employee directors as
described under the caption "Director Compensation" in
Navient’s 2018 Proxy Statement filed with the Securities and
Exchange Commission on April 13, 2018.
ITEM 9.01
FINANCIAL
STATEMENTS AND EXHIBITS
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Exhibit
Number
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Description
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News
Release Dated August 9, 2018
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SIGNATURES
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.
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NAVIENT CORPORATION
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Date:
August 9, 2018
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By:
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/s/
Mark L. Heleen
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Mark
L. Heleen
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Chief
Legal Officer
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