Rithm Capital Corp. Files 8-K on Operations and Personnel Changes

TL;DR

Rithm Capital dropped an 8-K detailing financials and exec changes. Check it out.

AI Summary

Rithm Capital Corp. filed an 8-K on October 29, 2024, reporting on its results of operations and financial condition. The filing also disclosed the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. Additionally, it included a Regulation FD disclosure and financial statements and exhibits.

Why It Matters

This filing provides crucial updates on Rithm Capital's financial performance and significant changes in its leadership and compensation structures, impacting investor understanding of the company's direction.

Risk Assessment

Risk Level: medium — The filing contains information about financial results and potential changes in corporate governance, which can introduce uncertainty for investors.

Key Players & Entities

• Rithm Capital Corp. (company) — Filer of the 8-K
• New Residential Investment Corp. (company) — Former company name
• New Residential Investment LLC (company) — Former company name
• Spinco Inc. (company) — Former company name

FAQ

Key Financial Figures

• $0.01 — nge on which registered: Common Stock, $0.01 par value per share RITM New York Stock

Filing Documents

• ritm-20241029.htm (8-K) — 38KB
• ritm-2024930x8xkxexhibit991.htm (EX-99.1) — 331KB
• ritm-2024930x8xkxexhibit992.htm (EX-99.2) — 9KB
• image.jpg (GRAPHIC) — 55KB
• imageb.jpg (GRAPHIC) — 55KB
• 0001556593-24-000036.txt ( ) — 745KB
• ritm-20241029.xsd (EX-101.SCH) — 4KB
• ritm-20241029_def.xml (EX-101.DEF) — 17KB
• ritm-20241029_lab.xml (EX-101.LAB) — 33KB
• ritm-20241029_pre.xml (EX-101.PRE) — 18KB
• ritm-20241029_htm.xml (XML) — 7KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On October 29, 2024, Rithm Capital Corp. (the "Company") issued a press release announcing the Company's results for its fiscal quarter ended September 30, 2024. A copy of the Company's press release is attached to this Current Report on Form 8-K (the "Current Report") as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 2.02 disclosure. The press release is being furnished, not filed, pursuant to this Item 2.02 of this Current Report and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Director In connection with his appointment as Managing Director of the Company, Andrew Sloves resigned from his position as a director of the Company on October 28, 2024, effective as of November 1, 2024. Appointment of Director On October 28, 2024, on the recommendation of the Nominating and Corporate Governance Committee (the "Nominating Committee") of the board of directors (the "Board") of the Company, the Board elected William D. Addas as an independent director of the Company, effective as of November 1, 2024, in order to fill the vacancy resulting from the previously announced decision by Pamela F. Lenehan not to run for re-election at the 2023 annual meeting of stockholders. Mr. Addas will serve as a Class I director with a term expiring at the 2026 annual meeting of stockholders of the Company. The Board also appointed Mr. Addas as a member of the Audit C

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. A copy of the Company's press release announcing the elections of Mr. Ranjit Kripalani and Mr. William Addas to the Board is attached as Exhibit 99.2 hereto. The press release is being furnished, not filed, pursuant to this Item 7.01 of this Current Report and shall not be deemed to be filed for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release, dated October 29, 2024, issued by Rithm Capital Corp. 99.2 Press release, dated October 29, 2024, issued by Rithm Capital Corp. 104 Cover Page Interactive Data File — the cover page XBRL tags are 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. RITHM CAPITAL CORP. (Registrant) /s/ Nicola Santoro, Jr. Nicola Santoro, Jr. Chief Financial Officer and Chief Accounting Officer Date: October 29, 2024

View Full Filing

View this 8-K filing on SEC EDGAR