OneMain Holdings Reports Director Changes and Compensation Updates
Ticker: OMF · Form: 8-K · Filed: Sep 17, 2024 · CIK: 1584207
| Field | Detail |
|---|---|
| Company | Onemain Holdings, Inc. (OMF) |
| Form Type | 8-K |
| Filed Date | Sep 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, governance
TL;DR
OneMain Holdings filed an 8-K: board shakeup and exec pay changes announced.
AI Summary
On September 17, 2024, OneMain Holdings, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing includes the departure of certain officers and the election of new directors, alongside information regarding compensatory arrangements for key personnel. Specific details on the financial impact or new appointments are not elaborated in this summary section of the filing.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect future performance or strategy, warranting closer investor scrutiny.
Key Numbers
- 001-36129 — SEC File Number (Identifies the company's filing with the SEC.)
- 463348401 — IRS Number (Company's Employer Identification Number.)
Key Players & Entities
- OneMain Holdings, Inc. (company) — Registrant
- Springleaf Holdings, Inc. (company) — Former Company Name
- Springleaf Holdings, LLC (company) — Former Company Name
- Delaware (jurisdiction) — State of Incorporation
- 601 N.W. Second Street, Evansville, IN 47708 (address) — Principal Executive Offices
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates the departure of certain officers but does not specify the exact roles in the provided text.
Who are the newly elected directors?
The filing mentions the election of directors but does not name the individuals in the provided text.
What are the key changes in compensatory arrangements for certain officers?
The filing notes changes in compensatory arrangements but does not detail the specifics of these changes in the provided text.
When was the company formerly known as Springleaf Holdings, Inc.?
The company's name changed from Springleaf Holdings, Inc. on October 8, 2013.
What is the primary business of OneMain Holdings, Inc. according to its SIC code?
OneMain Holdings, Inc. is classified under SIC code 6141, which corresponds to Personal Credit Institutions.
Filing Stats: 480 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-09-17 17:00:41
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share OMF New York Stock Exchange
Filing Documents
- omf-20240917.htm (8-K) — 27KB
- 0001584207-24-000023.txt ( ) — 147KB
- omf-20240917.xsd (EX-101.SCH) — 2KB
- omf-20240917_lab.xml (EX-101.LAB) — 21KB
- omf-20240917_pre.xml (EX-101.PRE) — 12KB
- omf-20240917_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Director Resignation On September 17, 2024, Aneek S. Mamik resigned from the Board of Directors (the "Board") of OneMain Holdings, Inc. (the "Company"), effective immediately. Mr. Mamik, who is a partner and Global Head of Financial Services & Diversified Private Credit at Vrde Partners, Inc. ("Vrde"), had served as a director of the Company since June 2018. He joined the board when a Consortium of Vrde and Apollo Global Management affiliates purchased approximately 40.5% of the Company's then-outstanding common stock.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data (embedded within the Inline XBRL document). 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. ONEMAIN HOLDINGS, INC. (Registrant) Date: September 17, 2024 By: /s/ Jeannette E. Osterhout Jeannette E. Osterhout Executive Vice President and Chief Financial Officer