SLM Corp. Elects New Directors, Adjusts Executive Pay
Ticker: SLMBP · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1032033
| Field | Detail |
|---|---|
| Company | Slm Corp (SLMBP) |
| Form Type | 8-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: SLM
TL;DR
SLM Corp adds 2 directors, tweaks exec pay. Board shakeup incoming.
AI Summary
SLM Corp. announced on March 11, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Jonathan S. G. Clark and David A. Weismiller, to its board. Additionally, the company entered into new employment agreements with certain named executive officers, including compensation details.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can sometimes precede significant strategic shifts or indicate internal dynamics that may affect the company's future.
Key Players & Entities
- SLM Corp. (company) — Registrant
- Jonathan S. G. Clark (person) — Newly elected director
- David A. Weismiller (person) — Newly elected director
- March 11, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors to SLM Corp.'s board?
Jonathan S. G. Clark and David A. Weismiller were elected as new directors to SLM Corp.'s board.
What is the primary reason for this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on March 11, 2024.
What is SLM Corp.'s state of incorporation?
SLM Corp. is incorporated in Delaware.
What is SLM Corp.'s IRS Employer Identification Number?
SLM Corp.'s IRS Employer Identification Number is 52-2013874.
Filing Stats: 693 words · 3 min read · ~2 pages · Grade level 12.9 · Accepted 2024-03-14 16:31:12
Filing Documents
- slm-20240311.htm (8-K) — 28KB
- 0001628280-24-011236.txt ( ) — 209KB
- slm-20240311.xsd (EX-101.SCH) — 2KB
- slm-20240311_def.xml (EX-101.DEF) — 19KB
- slm-20240311_lab.xml (EX-101.LAB) — 33KB
- slm-20240311_pre.xml (EX-101.PRE) — 19KB
- slm-20240311_htm.xml (XML) — 4KB
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: March 14, 2024 By: /s/ NICOLAS JAFARIEH Nicolas Jafarieh Executive Vice President and Chief Legal, Government Affairs, and Communications Officer