Radian Group eliminates Chief Franchise Officer role; McMahon to depart Sept 13, 2024

RADIAN GROUP INC

Position of Senior EVP and Chief Franchise Officer eliminated; McMahon involuntarily terminated without cause.
Termination effective September 13, 2024; McMahon will remain for transition.
Entitled to severance per Executive Severance Agreement, subject to release of claims.
Non-compete and non-solicit restrictions apply for 12 months post-termination.

item 5.02

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Departed

Brien J. McMahon

Senior Executive Vice President and Chief Franchise Officer

RDN · RADIAN GROUP INC

Effective: 2024-09-13
Filed: July 12, 2024, 7:59 PM ET

On July 8, 2024, Brien J. McMahon, Senior Executive Vice President and Chief Franchise Officer of Radian Group Inc. (the “Company”) was notified that his position was being eliminated and that his employment would be involuntarily terminated without cause, effective September 13, 2024 (“Termination Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brien J. McMahon departed as Senior Executive Vice President and Chief Franchise Officer at RADIAN GROUP INC.

Action: involuntarily terminated
Role: Senior Executive Vice President and Chief Franchise Officer

Exact text from the filing

On July 8, 2024, Brien J. McMahon, Senior Executive Vice President and Chief Franchise Officer of Radian Group Inc. (the “Company”) was notified that his position was being eliminated and that his employment would be involuntarily terminated without cause, effective September 13, 2024 (“Termination Date”).

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RADIAN GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-24-178584

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