Radian Group Inc. Files Definitive Proxy Statement

Ticker: RDN · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 890926

Radian Group Inc DEF 14A Filing Summary
FieldDetail
CompanyRadian Group Inc (RDN)
Form TypeDEF 14A
Filed DateApr 5, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Radian Group Inc., Corporate Governance, Executive Compensation

TL;DR

<b>Radian Group Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

RADIAN GROUP INC (RDN) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Radian Group Inc. filed a Definitive Proxy Statement (DEF 14A) on April 5, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Radian Group Inc. was formerly known as CMAC Investment Corp, with a name change effective January 26, 1996. The SIC code for Radian Group Inc. is 6351 (Surety Insurance).

Why It Matters

For investors and stakeholders tracking RADIAN GROUP INC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding the company's governance, executive compensation, and voting matters ahead of shareholder meetings. Understanding the details within this proxy statement is essential for shareholders to make informed decisions on proposals and director elections.

Risk Assessment

Risk Level: low — RADIAN GROUP INC shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than immediate financial distress or significant new risks.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation and vote on upcoming proposals.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Conformed period of report)
  • 1996-01-26 — Date of Name Change (Former company name change date)
  • 6351 — SIC Code (Standard Industrial Classification)

Key Players & Entities

  • RADIAN GROUP INC (company) — Filer name
  • DEF 14A (filing) — Form type
  • 2024-04-05 (date) — Filing date
  • 550 EAST SWEDESFORD ROAD (address) — Business address
  • WAYNE (location) — Business address city
  • PA (location) — Business address state
  • 19087 (postal_code) — Business address zip
  • CMAC INVESTMENT CORP (company) — Former company name

FAQ

When did RADIAN GROUP INC file this DEF 14A?

RADIAN GROUP INC filed this Proxy Statement (DEF 14A) with the SEC on April 5, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by RADIAN GROUP INC (RDN).

Where can I read the original DEF 14A filing from RADIAN GROUP INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by RADIAN GROUP INC.

What are the key takeaways from RADIAN GROUP INC's DEF 14A?

RADIAN GROUP INC filed this DEF 14A on April 5, 2024. Key takeaways: Radian Group Inc. filed a Definitive Proxy Statement (DEF 14A) on April 5, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 550 East Swedesford Road, Suite 350, Wayne, PA 19087..

Is RADIAN GROUP INC a risky investment based on this filing?

Based on this DEF 14A, RADIAN GROUP INC presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than immediate financial distress or significant new risks.

What should investors do after reading RADIAN GROUP INC's DEF 14A?

Shareholders should review the proxy statement to understand executive compensation and vote on upcoming proposals. The overall sentiment from this filing is neutral.

How does RADIAN GROUP INC compare to its industry peers?

Radian Group Inc. operates in the surety insurance industry.

Are there regulatory concerns for RADIAN GROUP INC?

The filing is a DEF 14A, a standard disclosure required under the Securities Exchange Act of 1934 for public companies.

Industry Context

Radian Group Inc. operates in the surety insurance industry.

Regulatory Implications

The filing is a DEF 14A, a standard disclosure required under the Securities Exchange Act of 1934 for public companies.

What Investors Should Do

  1. Review executive compensation details provided in the proxy statement.
  2. Understand proposals to be voted on by shareholders.
  3. Note the company's former name and name change date.

Key Dates

  • 2024-04-05: Filing Date — Definitive Proxy Statement (DEF 14A) filed.
  • 1996-01-26: Name Change — Radian Group Inc. formerly CMAC Investment Corp.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. No specific comparison to a prior filing's financial performance is available in this document.

Filing Stats: 4,693 words · 19 min read · ~16 pages · Grade level 13.3 · Accepted 2024-04-05 08:01:03

Filing Documents

From the Filing

rdn-20240404 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Radian Group Inc. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 5, 2024 Dear Stockholder: You are cordially invited to attend the 2024 Annual Meeting of Stockholders of Radian Group Inc., which will be held exclusively in virtual format via live audio webcast at 9:00 a.m. Eastern Daylight Time on May 22, 2024. The accompanying Notice of 2024 Annual Meeting of Stockholders and proxy statement describe the items to be considered and acted upon by the stockholders at the meeting. There is no physical location for the meeting. For our annual meeting, we have elected to use the internet as the primary means of providing our proxy materials to stockholders. Stockholders of record on the record date will receive a notice of internet availability (the "Notice") with instructions for accessing the proxy materials and for voting. The Notice provides the information on how to vote, how to attend the meeting, and information on how stockholders who wish to request paper copies of our proxy materials, including a proxy card, may obtain them free of charge. Regardless of whether you plan to attend the virtual annual meeting, we hope you will vote as soon as possible. Stockholders of record can vote their shares by using the internet or the telephone. If you received your materials by mail, you also may vote your shares by marking your votes on the enclosed proxy card, signing and dating it, and mailing it in the enclosed envelope. If you attend the virtual meeting, you may revoke your proxy, if you wish, and vote your shares during the meeting electronically via the internet. Because the representation of stockholders at the annual meeting is very important, we thank you in advance for your participation. Sincerely, Edward J. Hoffman General Counsel and Corporate Secretary Radian Group Inc. 550 East Swedesford Road, Suite 350 | Wayne, PA 19087 | 800.523.1988 | radian.com NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS DATE: Wednesday, May 22, 2024 TIME: 9:00 a.m. Eastern Daylight Time PLACE: Live via the internet Please visit: www.meetnow.global/MAMWV45 RECORD DATE: Stockholders of record as of the close of business on March 25, 2024, will be entitled to notice of, and to vote at, the annual meeting or any adjournment or postponement of the meeting. ITEMS OF BUSINESS: 1 Elect eleven directors, each for a one-year term, to serve until their successors have been duly elected and qualified; 2 Conduct an advisory vote to approve the compensation of our named executive officers; 3 Ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2024; and 4 In addition to the items above, the Company may transact such other business as may properly come before the meeting or any adjournment or postponement of the meeting. Many stockholders received the Notice of Internet Availability of Proxy Materials (the "Notice") instead of paper copies of our 2024 Proxy Statement and our 2023 Annual Report to Stockholders, which was mailed to stockholders beginning on or about April 5, 2024. The Notice provides instructions on how to access these documents over the internet and information on how stockholders who wish to request paper copies of these proxy materials, including a proxy card, may obtain them free of charge. Electronic delivery enables us to more cost effectively provide you with the information you need while reducing the environmental impact of printing and mailing paper copies. We have determined that it is in the best interest of Radian and its stockholders to hold the 2024 Annual Meeting of Stockholders (the "Annual Meeting") "virtually" via live audio webcast. To attend the Annual Meeting or examine a list of stockholders, go to www.meetnow.global/MAMWV45 at the meeting date and time described above and in the accompanying 2024 Proxy Statement. There is no physical location for the Annual Meeting. Regardless of whether you plan to attend Radian's virtual Annual Meeting, we hope you will vote as soon as possible. For instructi

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