{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-040389","form_type":"8-K","ticker":"NAVI","cik":"0001593538","company_name":"NAVIENT CORP","filed_at":"2026-10-21T20:15:56+00:00","discovered_at":"2026-10-21T20:18:16.396912+00:00","generated_at":"2026-10-21T20:18:45.682667+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Navient sets Q4 2026 holding-company reorganization; NAVI converts one-for-one, no stockholder vote","bullets":["New parent Navient Holdings, Inc. will hold Navient LLC and E Parent, Inc. (Earnest); merger proceeds under Delaware DGCL Section 251(g), so no stockholder vote is required.","Existing NAVI shares convert one-for-one into Navient Holdings stock, which keeps trading as \"NAVI\" on Nasdaq; conversion is tax-free for U.S. federal income tax purposes.","Navient LLC will assume the listed notes, including the 6% Senior Notes due Dec. 15, 2043 (JSM), and remain a reporting company.","Directors, executive officers, assets and operations stay the same; CEO Edward Bramson says the framework adds strategic flexibility. Expected effective in Q4 2026.","Webcast Oct. 22, 2026 at 8:30 a.m. ET with Bramson, CFO Steve Hauber and treasurer Roger Yankoupe; Navient may still decide not to proceed or delay."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-040389","json":"https://secwatch.observer/filing/0001140361-26-040389.json","markdown":"https://secwatch.observer/filing/0001140361-26-040389.md","text":"https://secwatch.observer/filing/0001140361-26-040389.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593538/000114036126040389/0001140361-26-040389-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593538/000114036126040389/ef20084105_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-21T20:18:45.682667+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}