Onity Group Inc. Files 8-K
Ticker: ONIT · Form: 8-K · Filed: Oct 11, 2024 · CIK: 873860
| Field | Detail |
|---|---|
| Company | Onity Group Inc. (ONIT) |
| Form Type | 8-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $55 million, $3.0 billion, $20 million, $46 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, company-name-change
TL;DR
ONITY GROUP INC. (formerly OCWEN) filed an 8-K on 10/11/24 for an event on 10/09/24.
AI Summary
Onity Group Inc. filed an 8-K on October 11, 2024, reporting an event that occurred on October 9, 2024. The filing is categorized under 'Other Events' and 'Financial Statements and Exhibits'. The company, formerly known as Ocwen Financial Corp, is incorporated in Florida and headquartered in West Palm Beach.
Why It Matters
This 8-K filing indicates a material event or change for Onity Group Inc., requiring disclosure to investors and the public.
Risk Assessment
Risk Level: low — The filing is a standard 8-K current report, indicating a routine disclosure rather than an immediate financial or operational crisis.
Key Numbers
- 1-13219 — SEC File Number (Identifies the company's filing history with the SEC)
- 65-0039856 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- ONITY GROUP INC. (company) — Registrant
- Ocwen Financial Corp (company) — Former company name
- October 9, 2024 (date) — Earliest event date
- October 11, 2024 (date) — Filing date
- Florida (location) — State of incorporation
- West Palm Beach (location) — Principal executive address city
FAQ
What specific event triggered this 8-K filing for Onity Group Inc. on October 9, 2024?
The provided text does not specify the exact 'Other Event' that triggered the filing, only that it occurred on October 9, 2024.
When was Onity Group Inc. previously known as Ocwen Financial Corp?
The filing indicates name changes from Ocwen Financial Corp on March 1, 2011, February 24, 2011, and May 16, 1996.
Where is Onity Group Inc.'s principal executive office located?
Onity Group Inc.'s principal executive office is located at 1661 Worthington Road, Suite 100, West Palm Beach, Florida 33409.
What is the SIC code for Onity Group Inc.?
The Standard Industrial Classification (SIC) code for Onity Group Inc. is 6162, which corresponds to 'MORTGAGE BANKERS & LOAN CORRESPONDENTS'.
What is the fiscal year end for Onity Group Inc.?
Onity Group Inc.'s fiscal year ends on December 31.
Filing Stats: 1,036 words · 4 min read · ~3 pages · Grade level 14.7 · Accepted 2024-10-11 16:15:37
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 Par Value ONIT New York Stock Excha
- $55 million — regate net asset value of approximately $55 million (such transaction, including the issuan
- $3.0 billion — paid principal balance of approximately $3.0 billion (which assets are expected to be reflec
- $20 million — s borrowings), as well as approximately $20 million in cash and other related assets. All o
- $46 million — cash proceeds to Onity of approximately $46 million. In consideration of the MAM Asset Ac
- $52.7 m — liquidation preference of approximately $52.7 million, subject to certain adjustments.
- $25 — k will have a liquidation preference of $25.00, plus an amount equal to any accumul
Filing Documents
- form8-k.htm (8-K) — 42KB
- 0001493152-24-040906.txt ( ) — 215KB
- ocn-20241009.xsd (EX-101.SCH) — 3KB
- ocn-20241009_lab.xml (EX-101.LAB) — 33KB
- ocn-20241009_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
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. ONITY GROUP INC. (Registrant) Date: October 11, 2024 By: /s/ Sean B. O'Neil Sean B. O'Neil Chief Financial Officer