---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-145256"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:41:36.384158+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Navient appoints David Yowan as President and CEO, succeeding Jack Remondi effective May 15

## Summary
- David Yowan, former Navient board member and American Express corporate treasurer, named CEO and President effective May 15, 2023.
- Jack Remondi's employment terminated without cause; he will not be renominated to the board at the 2023 annual meeting.
- Yowan receives $800k base salary, 150% target bonus, $1.6M RSUs, and $2.4M PSUs with TSR-based performance condition through 2025.
- Board size reduced from ten to nine members effective at the 2023 annual meeting.
- Yowan will not participate in the Executive Severance Plan or Change in Control Severance Plan.

## SEC filing metadata
- accession: 0001193125-23-145256
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000119312523145256/0001193125-23-145256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000119312523145256/d510043d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-145256
- JSON: https://secwatch.observer/filing/0001193125-23-145256.json
- Plain text: https://secwatch.observer/filing/0001193125-23-145256.txt

## Key facts
- Executive change
  Jack Remondi was terminated as Chief Executive Officer and President at NAVIENT CORP.
  - Action: terminated
  - Role: Chief Executive Officer and President
  source text: For purposes of the Company’s Executive Severance Plan for Senior Officers (the “Severance Plan”) and the Company’s 2014 Omnibus Incentive Plan and award agreements thereunder, Mr. Remondi’s termination of employment is a termination by the Company without cause.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312523145256/0001193125-23-145256-index.htm
- Executive change
  Jack Remondi departed as Director at NAVIENT CORP.
  - Action: ceased to be a member
  - Role: Director
  source text: Mr. Remondi’s director term expires as of the 2023 Annual Meeting and the Board has withdrawn Mr. Remondi’s nomination for election as a director at such meeting. Accordingly, Mr. Remondi will cease to be a member of the Board at the 2023 Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312523145256/0001193125-23-145256-index.htm
- Executive change
  David L. Yowan was appointed as Chief Executive Officer and President at NAVIENT CORP.
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: On May 15, 2023, Navient Corporation (“Navient” or the “Company”) announced that its Board of Directors (the “Board”) appointed David L. Yowan, age 66, to succeed Jack Remondi as Chief Executive Officer and President of Navient, effective as of May 15, 2023 (the “Transition Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312523145256/0001193125-23-145256-index.htm

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