Radian Stockholders at Annual Meeting Re-elect Directors, Approve Executive Compensation & All Other Proposals; Company Decla...
May 15 2019 - 4:30PM
Business Wire
Radian Group Inc. (NYSE: RDN) announced today that its
stockholders re-elected nine directors, who serve one-year terms
and are elected annually. As previously disclosed, Stephen T.
Hopkins, a director of the company since 1999, retired at the end
of his current term following today’s 2019 Annual Meeting and,
effective upon his retirement, the size of the Board was reduced to
nine directors.
In addition to the election of directors, the company’s
stockholders approved all other proposals recommended by the Board
of Directors and presented for vote at Radian’s 2019 Annual
Meeting, including an advisory proposal to approve the compensation
of Radian’s named executive officers and ratification of the
appointment of PricewaterhouseCoopers LLP as the company’s
independent auditors for 2019.
Radian also announced the approval by the company’s Board of
Directors for a regular quarterly dividend on its common stock in
the amount of $0.0025 per share, payable on June 7, 2019 to
stockholders of record as of May 27, 2019.
Chief Executive Officer Rick Thornberry addressed the attendees
of Radian’s Annual Meeting by stating, “For more than 40 years,
Radian has helped to ensure the American dream of homeownership
with industry-leading mortgage insurance products. In recent years,
we have built upon this tradition of responsible and sustainable
homeownership by expanding our suite of mortgage and real estate
services. Looking ahead, we believe we are well positioned for the
future under our ONE Radian brand to drive strong growth, increase
value creation and provide attractive stockholder returns.”
About Radian
Radian is ensuring the American dream of homeownership
responsibly and sustainably through products and services that
include industry-leading mortgage insurance and a comprehensive
suite of mortgage, risk, real estate, and title services. We are
powered by technology, informed by data and driven to deliver new
and better ways to transact and manage risk. Learn more about
Radian’s financial strength and flexibility at www.radian.biz and
visit www.radian.com to see how Radian is shaping the future of
mortgage and real estate services.
FORWARD-LOOKING STATEMENTS
All statements in this press release that address events,
developments or results that we expect or anticipate may occur in
the future are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Exchange Act and the U.S. Private Securities Litigation Reform Act
of 1995. In most cases, forward-looking statements may be
identified by words such as "anticipate," "may," "will," "could,"
"should," "would," "expect," "intend," "plan," "goal,"
"contemplate," "believe," "estimate," "predict," "project,"
"potential," "continue," "seek," "strategy," "future," "likely" or
the negative or other variations on these words and other similar
expressions. These statements, which may include, without
limitation, projections regarding our future performance and
financial condition, are made on the basis of management's current
views and assumptions with respect to future events. Any
forward-looking statement is not a guarantee of future performance
and actual results could differ materially from those contained in
the forward-looking statement. These statements speak only as of
the date they were made, and we undertake no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. We operate in a
changing environment where new risks emerge from time to time and
it is not possible for us to predict all risks that may affect us.
For more information regarding these risks and uncertainties as
well as certain additional risks that we face, you should refer to
the Risk Factors detailed in Item 1A of our Annual Report on Form
10-K for the year ended December 31, 2018, and subsequent reports
filed from time to time with the U.S. Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20190515005774/en/
Emily Riley – Phone: 215.231.1035Email:
emily.riley@radian.com
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