{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-164525","form_type":"8-K","ticker":"NAVI","cik":"0001593538","company_name":"NAVIENT CORP","filed_at":"2023-06-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.576429+00:00","generated_at":"2026-06-14T03:52:28.296151+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Navient enters separation agreement with former CEO Jack Remondi; $6.2M severance plus $500K consulting fee","bullets":["Former CEO Jack Remondi terminated May 15, 2023; receives $6,226,375 lump-sum severance under Executive Severance Plan.","Consulting fee of $500,000 payable in two $250,000 installments on Sep 30 and Dec 31, 2023, for operational/strategic/litigation support.","Non-compete and non-solicitation covenants for 12 months post-termination; limited to student loan origination/servicing and business processing.","Legal fees reimbursed up to $25,000; board directorship ceased May 25, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-164525","json":"https://secwatch.observer/filing/0001193125-23-164525.json","markdown":"https://secwatch.observer/filing/0001193125-23-164525.md","text":"https://secwatch.observer/filing/0001193125-23-164525.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593538/000119312523164525/0001193125-23-164525-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593538/000119312523164525/d198014d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T03:52:28.296151+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":[{"claim_id":"dcdc9abb09","claim":"Jack Remondi was terminated as Chief Executive Officer and President at NAVIENT CORP.","evidence_excerpt":"In connection with the termination of his employment with the Company, effective May 15, 2023, Mr. Remondi will be provided with severance payments and benefits in accordance with the Severance Plan","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1593538/000119312523164525/0001193125-23-164525-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Executive Officer and President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}