Current Report Filing (8-k)
February 08 2021 - 4:39PM
Edgar (US Regulatory)
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2021-02-08
2021-02-08
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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): February 8, 2021
OCWEN
FINANCIAL CORPORATION
(Exact
name of registrant as specified in its charter)
Florida
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1-13219
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65-0039856
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1661
Worthington Road, Suite 100
West
Palm Beach, Florida 33409
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (561) 682-8000
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:
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common
Stock, $0.01 Par Value
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OCN
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New
York Stock Exchange (NYSE)
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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 ☐
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
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
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On
February 8, 2021, Ocwen Financial Corporation (“Ocwen” or the “Company”) announced that Executive Vice
President and Chief Growth Officer Timothy J. Yanoti will be departing the Company to pursue opportunities outside of Ocwen. Mr.
Yanoti will remain with the Company through February 28, 2021 to assist in the transition period.
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Item
7.01
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Regulation
FD Disclosure
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On
February 8, 2021, the Company issued a press release relating to the matters discussed in this Form 8-K. A copy of the press release
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The
information in this Item 7.01 and the information in the related exhibit attached hereto shall not be deemed to be “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject
to the liabilities of that Section, nor shall such information 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.
On
February 8, 2021, Ocwen announced the appointment of George T. Henley as Executive Vice President and Chief Growth Officer, effective
February 15, 2021. Mr. Henley will be responsible for the Company’s originations business and operations, including customer
acquisition and retention in forward and reverse mortgages, business development efforts relating to subservicing, correspondent
and flow mortgage servicing rights (“MSRs”), and the purchase of bulk MSRs. He will also be responsible for strategy
development relating to the Company’s originations capabilities.
Most
recently, Mr. Henley served as Executive Vice President, Retail Lending of Freedom Mortgage responsible for sales, operations
and originations channel expansion. Prior to this role, he was Executive Vice President, Capital Markets and Correspondent Lending
responsible for the growth and development of Freedom Mortgage’s correspondent lending channel.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned, hereunto duly authorized.
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OCWEN
FINANCIAL CORPORATION
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(Registrant)
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Date:
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February
8, 2021
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By:
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/s/
June C. Campbell
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June
C. Campbell
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Chief
Financial Officer
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Ocwen Financial (NYSE:OCN)
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