Navient amends bylaws to adopt director resignation policy for uncontested elections

NAVIENT CORP

Board adopted Third Amended and Restated Bylaws effective April 3, 2025.
New Section 2.2(b): directors failing to receive majority vote in uncontested election must tender resignation.
Chair of Nominations and Governance Committee may now call special board meetings (Section 2.11).
Amendments include clarifying and conforming changes to existing provisions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

NAVIENT CORP: Amended and restated Bylaws to implement director resignation guidelines for majority vote failures and allow Nomination and Governance Committee Chair to call special board meetings (effective 2025-04-03).

Change: bylaw amendment
Effective: 2025-04-03

Exact text from the filing

the Company’s Bylaws, which Third Amended and Restated Bylaws (the “Amended Bylaws”) became effective on April 3, 2025.

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Source: SEC EDGAR

accession 0001140361-25-012335

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