---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-050359"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2024-12-26T23:59:59+00:00"
generated_at: "2026-05-28T23:17:41.153758+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Navient extends standstill with Sherborne; Edward Bramson to become Board Chair at 2025 meeting

## Summary
- Covered period extended through earlier of closing of 2025 annual meeting or June 30, 2025, plus 20 business days after Bramson leaves board.
- Edward J. Bramson (Sherborne designee) appointed as Board Chair, effective after the 2025 annual meeting.
- Sherborne Strategic Fund F, LLC added as a party following internal share distribution from Newbury Investors.
- Standstill and other terms remain in effect; termination allowed for material breach after 20-day cure.

## SEC filing metadata
- accession: 0001140361-24-050359
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2024-12-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000114036124050359/0001140361-24-050359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000114036124050359/ef20040603_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-050359
- JSON: https://secwatch.observer/filing/0001140361-24-050359.json
- Plain text: https://secwatch.observer/filing/0001140361-24-050359.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.