secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0000950103-23-003689
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sallie Mae CFO Steve McGarry to retire by Feb 2024; retention agreement signed, base salary raised to $700K
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- CFO Steven J. McGarry will remain through February 2024 to assist with successor selection and transition.
- Base salary increased to $700,000; retention bonus of $1.75 million subject to performance and release conditions.
- McGarry will not receive severance under the Executive Severance Plan upon retirement.
- Company has begun an extensive search for next CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000095010323003689/0000950103-23-003689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000095010323003689/dp190125_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-003689

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