Current Report Filing (8-k)

Date : 06/03/2019 @ 12:32PM
Source : Edgar (US Regulatory)
Stock : Mr Cooper Group Inc (COOP)
Quote : 11.485  0.415 (3.75%) @ 11:22PM
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Current Report Filing (8-k)



  

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): June 3, 2019
 

Mr. Cooper Group Inc.
(Exact Name of Registrant as Specified in Charter)  
 

   
 
 
 
 
   Delaware
 
001-14667
 
91-1653725
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
 

8950 Cypress Waters Blvd.
Coppell, TX 75019
(Address of Principal Executive Offices, and Zip Code)

469.549.2000    
Registrant’s Telephone Number, Including Area Code
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value per share
COOP
The Nasdaq Stock Market
 

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 ( see General Instruction A.2. below):
 
 
¨
Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))





 
 
¨
Pre-commencement communication 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 (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 7.01 Regulation FD Disclosure

In response to investor inquiries, Mr. Cooper Group Inc. (the “Company”) clarified that the financial covenants applicable to its credit facilities are defined with respect to its subsidiary, Nationstar Mortgage LLC, where equity was $2.6 billion as of March 31, 2019, as referenced in the Consolidating Balance Sheet in its first quarter report on Form 10-Q. Furthermore, the Company disclosed that so far in the second quarter, Servicing and Xome segment results are in line with expectations and Originations volumes and margins have improved over the levels reported in the first quarter and that it is financing this activity with existing facilities and cash flow from operations and remains in compliance with all financial covenants.

The information in this Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this report that address activities, events, conditions or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and these statements are not guarantees of future performance. You are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak as of the date hereof, and the Company does not undertake any obligation to update or revise any forward looking statements, except as expressly required by law.






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.


Mr. Cooper Group Inc.

Date: June 3, 2019
By:     
/s/ Christopher G. Marshall
Christopher G. Marshall
Vice Chairman & Chief Financial Officer



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