Ocwen Financial Proxy Filing: Director Elections & Auditor Ratification

TL;DR

Ocwen proxy filing out: vote for directors & PwC as auditors. Standard stuff.

AI Summary

Ocwen Financial Corporation filed a DEFA14A on April 3, 2024, detailing its proxy statement for the upcoming annual meeting. The filing outlines proposals to be voted on by shareholders, including the election of directors and the ratification of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2024. The company is seeking shareholder approval for these routine corporate governance matters.

Why It Matters

This filing is crucial for shareholders as it outlines the key decisions to be made at the annual meeting, directly impacting the company's leadership and financial oversight.

Risk Assessment

Risk Level: low — This is a routine DEFA14A filing concerning director elections and auditor ratification, which typically carries low risk.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
• 2024 — Fiscal Year (The year for which the independent auditor is being ratified.)

Key Players & Entities

• OCWEN FINANCIAL CORP (company) — Filer of the DEFA14A
• PricewaterhouseCoopers LLP (company) — Proposed independent registered public accounting firm
• Florida (location) — State of incorporation
• 1661 Worthington Road, Suite 100, West Palm Beach, Florida 33409 (address) — Principal executive offices and mailing address

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 Par Value OCN New York Stock Exchan

Filing Documents

• formdefa14a.htm (DEFA14A) — 39KB
• ex99-1.htm (EX-99.1) — 20KB
• ex99-1_001.jpg (GRAPHIC) — 3KB
• 0001493152-24-012994.txt ( ) — 64KB

01 Other Events

Item 8.01 Other Events. On April 3, 2024, Ocwen Financial Corporation (the "Company") issued a press release announcing its intention to change the Company's name and rebrand as Onity TM Group Inc. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release of Ocwen Financial Corporation dated April 3, 2024 104 Cover Page Interactive Data File formatted in online XBRL (included as Exhibit 101) Additional Information and Where to Find It In connection with the intention to change the Company's name and rebrand as Onity Group Inc. (the "Name Change") the Company intends to file with the U.S. Securities and Exchange Commission (the "SEC") preliminary and definitive proxy statements relating to the proposed Name Change. Following the filing of the definitive proxy statement (the "Proxy Statement") with the SEC, the Company will mail the Proxy Statement, and a proxy card to the Company's stockholders as of a record date to be established for voting on the proposed Name Change and any other matters to be voted on at the annual meeting of the Company's shareholders. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF THE COMPANY ARE URGED TO CAREFULLY READ THE PROXY STATEMENT IN ITS ENTIRETY (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND ANY OTHER DOCUMENTS RELATING TO THE PROPOSED NAME CHANGE THAT WILL BE FILED WITH THE SEC OR INCORPORATED BY REFERENCE THEREIN WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED NAME CHANGE. Investors and shareholders will be able to obtain copies of the Proxy Statement (when available) and other documents filed by the Company with the SEC, without charge, through the website maintained by the SEC at www.sec.gov . Copies of the documents filed with the SEC by the Company will be available free of charge under th

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. OCWEN FINANCIAL CORPORATION (Registrant) Date: April 3, 2024 By: /s/ Sean B. O'Neil Sean B. O'Neil Chief Financial Officer

View Full Filing

View this DEFA14A filing on SEC EDGAR