SLM Corp (Sallie Mae) Reports Director Changes and Officer Compensation Updates
Ticker: SLMBP · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1032033
| Field | Detail |
|---|---|
| Company | Slm Corp (SLMBP) |
| Form Type | 8-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: SLM
TL;DR
Sallie Mae's board is changing, and exec pay is getting updated. Keep an eye on this.
AI Summary
On January 12, 2025, SLM Corp (Sallie Mae) filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates a departure of directors and the election of new ones, alongside updates to the compensatory arrangements for certain officers. Specific details regarding the individuals involved and the financial implications of these compensation changes were not fully elaborated in the provided text.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which are common and typically do not represent significant immediate risks.
Key Players & Entities
- SLM Corp (company) — Registrant
- Sallie Mae (company) — Former Company Name
- January 12, 2025 (date) — Date of earliest event reported
- Delaware (location) — State of incorporation
- 300 Continental Drive (address) — Business and Mail Address
FAQ
What specific changes were made to SLM Corp's board of directors on or around January 12, 2025?
The filing indicates a departure of directors and the election of new directors, as reported under Item 5.02.
What are the key details regarding the compensatory arrangements of certain officers at SLM Corp as reported in this 8-K?
The filing states that information regarding compensatory arrangements of certain officers is being reported under Item 5.02, but specific details are not provided in the excerpt.
When was the earliest event reported in this SLM Corp 8-K filing?
The earliest event reported in this filing occurred on January 12, 2025.
What is SLM Corp's standard industrial classification and fiscal year end?
SLM Corp's standard industrial classification is PERSONAL CREDIT INSTITUTIONS [6141], and its fiscal year ends on December 31.
What were SLM Corp's previous names and when did they change?
SLM Corp was formerly known as SLM CORP (name change March 26, 2003), SALLIE MAE (name change May 17, 2002), and USA EDUCATION INC (name change August 1, 2000).
Filing Stats: 819 words · 3 min read · ~3 pages · Grade level 12.4 · Accepted 2025-01-13 16:35:57
Filing Documents
- slm-20250112.htm (8-K) — 31KB
- slm01132025ex991.htm (EX-99.1) — 8KB
- smbla03.jpg (GRAPHIC) — 596KB
- 0001628280-25-001369.txt ( ) — 1040KB
- slm-20250112.xsd (EX-101.SCH) — 2KB
- slm-20250112_def.xml (EX-101.DEF) — 19KB
- slm-20250112_lab.xml (EX-101.LAB) — 33KB
- slm-20250112_pre.xml (EX-101.PRE) — 19KB
- slm-20250112_htm.xml (XML) — 4KB
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) EXHIBITS Exhibit Number Description 99.1* Press Release, dated January 13, 2025 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: January 13, 2025 By: /s/ Nicolas Jafarieh Nicolas Jafarieh Executive Vice President and Chief Legal, Government Affairs, and Communications Officer