Mr. Cooper Group announces Xome CEO Mike Rawls to retire June 30, 2025; Chris Marshall to lead Xome

Maverick Merger Sub 2, LLC

Mike Rawls, EVP & CEO of Xome, plans to retire effective June 30, 2025 after 25 years with the company.
Chris Marshall, former Vice Chairman and President of Mr. Cooper, will lead Xome operations in a consulting role.
Marshall's initial compensation follows the consulting agreement disclosed in the Oct 2023 Employment and Transition Agreement.
Marshall will continue as Chairman of Sagent while leading Xome.
Rawls and Marshall will work together over the coming months to ensure a smooth transition.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Mike Rawls

EVP & Chief Executive Officer of Xome

Maverick Merger Sub 2, LLC

Effective: 2025-06-30
Successor: Chris Marshall
Filed: January 10, 2025, 6:59 PM ET

Mike Rawls, EVP & Chief Executive Officer of Xome, notified Mr. Cooper Group Inc. (the “Company”) of his intention to retire from his position at the Company effective June 30, 2025.

Appointed

Chris Marshall

consulting role leading Xome operations

Maverick Merger Sub 2, LLC

Effective: 2025-01-09
Filed: January 10, 2025, 6:59 PM ET

The Company also announced that effective immediately, Chris Marshall, former Vice Chairman and President of the Company, will join Xome to lead its operations in a consulting role.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Mike Rawls departed as EVP & Chief Executive Officer of Xome at Maverick Merger Sub 2, LLC.

Action: retire
Role: EVP & Chief Executive Officer of Xome

Exact text from the filing

Mike Rawls, EVP & Chief Executive Officer of Xome, notified Mr. Cooper Group Inc. (the “Company”) of his intention to retire from his position at the Company effective June 30, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Chris Marshall was appointed as consulting role leading Xome operations at Maverick Merger Sub 2, LLC.

Action: lead
Role: consulting role leading Xome operations

Exact text from the filing

The Company also announced that effective immediately, Chris Marshall, former Vice Chairman and President of the Company, will join Xome to lead its operations in a consulting role.

View on SEC.gov

Source: SEC EDGAR

accession 0001171843-25-000167

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