Navient Corp Files 8-K on Shareholder Votes & Financials

TL;DR

Navient filed an 8-K on 5/23/24 covering shareholder votes and financials.

AI Summary

On May 23, 2024, Navient Corporation filed an 8-K report detailing the submission of matters to a vote of security holders and financial statements. The filing includes information regarding common stocks, senior notes, and preferred stocks, all dated May 23, 2024. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This filing provides an update on Navient's corporate governance and financial reporting, which can influence investor decisions and regulatory oversight.

Risk Assessment

Risk Level: low — This is a routine filing of corporate information and does not indicate any immediate financial distress or significant operational changes.

Key Numbers

• 20240523 — Report Date (The date of the earliest event reported in the 8-K filing.)
• 1231 — Fiscal Year End (Indicates the end of Navient's financial reporting year.)

Key Players & Entities

• Navient Corporation (company) — Registrant
• May 23, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 001-36228 (filing_id) — Commission File Number
• 46-4054283 (tax_id) — IRS Employer Identification Number

FAQ

Filing Documents

• navi_8k.htm (8-K) — 55KB
• 0001654954-24-006915.txt ( ) — 195KB
• navi-20240523.xsd (EX-101.SCH) — 6KB
• navi-20240523_lab.xml (EX-101.LAB) — 16KB
• navi-20240523_cal.xml (EX-101.CAL) — 1KB
• navi-20240523_pre.xml (EX-101.PRE) — 12KB
• navi-20240523_def.xml (EX-101.DEF) — 4KB
• navi_8k_htm.xml (XML) — 6KB

07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS On May 23, 2024, Navient held its 2024 Annual Meeting of Shareholders (the "Annual Meeting"). As of the close of business on March 25, 2024, the record date for the Annual Meeting, 112,032,783 shares of common stock, par value $.01 per share, were outstanding and entitled to vote. At the Annual Meeting, 105,373,990 shares, or approximately 94.1%, of the outstanding shares of common stock entitled to vote were represented in person or by proxy. At the Annual Meeting, the following proposals were submitted to a vote of the Company's shareholders, with the voting results indicated below: Proposal 1 – Election of Directors . The Company's shareholders elected the following 8 directors to hold office until the 2025 Annual Meeting of Shareholders and until their successors have been duly elected or appointed: For Against Abstain Broker Non-Votes Frederick Arnold 95,969,913 1,459,015 92,458 7,852,604 Edward J. Bramson 95,871,877 1,487,067 162,442 7,852,604 Anna Escobedo Cabral 95,207,474 2,209,888 104,024 7,852,604 Larry A. Klane 95,777,334 1,639,310 104,472 7,852,604 Michael A. Lawson 96,026,402 1,388,539 106,445 7,852,604 Linda A. Mills 95,858,067 1,566,990 96,329 7,852,604 Jane J. Thompson 94,626,610 2,789,337 105,439 7,852,604 David L. Yowan 95,897,820 1,523,580 99,986 7,852,604 Proposal 2 – Ratification of the Appointment of KPMG LLP . The Company's shareholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024, as follows: For Against Abstain 102,176,095 3,040,637 157,258 Proposal 3 – Advisory Vote on Executive Compensation . The Company's shareholders approved, by an advisory vote, the compensation of its named executive officers, as follows: For Against Abstain Broker Non-Votes 95,824,042 1,557,673 139,671 7,852,604 Proposal 4 – Approval

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Navient Corporation 2024 Omnibus Incentive Plan (incorporated by reference to Appendix A in Amendment No. 1 to Navient Corporation's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 17, 2024). 3 SIGNATURE 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. NAVIENT CORPORATION By: /s/ Mark L. Heleen Name: Mark L. Heleen Title: Chief Legal Officer Date: May 24, 2024 4

View Full Filing

View this 8-K filing on SEC EDGAR