SLM Corp Confirms Common & Preferred Stock on NASDAQ Global Select

Ticker: SLMBP · Form: 8-K · Filed: Feb 9, 2024 · CIK: 1032033

Slm Corp 8-K Filing Summary
FieldDetail
CompanySlm Corp (SLMBP)
Form Type8-K
Filed DateFeb 9, 2024
Risk Levellow
Pages2
Reading Time2 min
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: regulatory-filing, corporate-governance, stock-listing

TL;DR

**Sallie Mae's common and preferred stocks are officially listed on NASDAQ, business as usual.**

AI Summary

SLM Corporation, also known as Sallie Mae, filed an 8-K on February 9, 2024, to update its registered securities. The filing confirms that its Common Stock (SLM) and Floating Rate Non-Cumulative Preferred Stock, Series B (SLMBP), both with a par value of $.20 per share, are registered on The NASDAQ Global Select Market. This matters to investors because it reaffirms the company's compliance and the continued liquidity and transparency of its publicly traded shares.

Why It Matters

This filing confirms SLM Corp's securities are properly registered and traded, ensuring transparency and liquidity for investors holding or considering its common and preferred stock.

Risk Assessment

Risk Level: low — This 8-K is a routine administrative filing with no new material financial information or operational changes, indicating very low risk.

Analyst Insight

This filing is routine and doesn't present new actionable information for investors; it simply confirms existing security registrations. Investors should continue to monitor for more substantive filings like earnings reports or strategic announcements.

Key Numbers

  • $0.20 — Par Value per Share (The par value for both Common Stock and Floating Rate Non-Cumulative Preferred Stock, Series B.)

Key Players & Entities

  • SLM Corporation (company) — the registrant filing the 8-K
  • Sallie Mae (company) — former name of SLM Corporation
  • The NASDAQ Global Select Market (company) — the exchange where SLM's securities are registered
  • $0.20 (dollar_amount) — par value per share for both common and preferred stock

FAQ

What is the purpose of SLM Corporation's 8-K filing dated February 9, 2024?

The 8-K filing by SLM Corporation on February 9, 2024, is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, primarily for Regulation FD Disclosure and Financial Statements and Exhibits, confirming the registration of its securities.

Which specific securities of SLM Corporation are mentioned in this 8-K filing?

The filing specifically mentions two classes of securities: Common stock, par value $.20 per share (Trading Symbol: SLM), and Floating Rate Non-Cumulative Preferred Stock, Series B, par value $.20 per share (Trading Symbol: SLMBP).

On which exchange are SLM Corporation's registered securities traded?

Both the Common stock (SLM) and the Floating Rate Non-Cumulative Preferred Stock, Series B (SLMBP) of SLM Corporation are registered on The NASDAQ Global Select Market.

What is the par value per share for SLM Corporation's common and preferred stock as stated in the filing?

According to the filing, both the Common stock and the Floating Rate Non-Cumulative Preferred Stock, Series B, have a par value of $.20 per share.

What is the current business address and phone number of SLM Corporation as listed in the filing?

SLM Corporation's business address is 300 Continental Drive, Newark, Delaware 19713, and its telephone number is (302) 451-0200.

Filing Stats: 560 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-02-09 16:31:51

Filing Documents

01 REGULATION FD DISCLOSURE

ITEM 7.01 REGULATION FD DISCLOSURE. SLM Corporation (the "Company") frequently provides relevant information to its investors via posting to its corporate website. On or about February 9, 2024, a presentation entitled "Sallie Mae — Smart Option Student Loan — Historical Performance Data — Period ended December 31, 2023" was made available on the Company's website at https://www.salliemae.com/investors/webcasts-and-presentations/. In addition, the document is being furnished herewith as Exhibit 99.1. The presentation at Exhibit 99.1 and incorporated by reference herein is being furnished and shall not be deemed "filed" for the 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 and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Description 99.1* Sallie Mae — Smart Option Student Loan — Historical Performance Data — Period ended December 31, 2023 104 Cover Page Interactive Data File (formatted as Inline XBRL) * Furnished herewith.

SIGNATURES

SIGNATURES 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. SLM CORPORATION Date: February 9, 2024 By: /s/ PETER M. GRAHAM Peter M. Graham Executive Vice President and Chief Financial Officer

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