secwatch.observer — SEC 8-K summary
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Issuer:     RADIAN GROUP INC (RDN)
CIK:        0000890926
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001193125-24-181035
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Radian Group eliminates Chief Franchise Officer role; McMahon to separate Sept 13, 2024
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- McMahon's employment involuntarily terminated without cause, effective Sept 13, 2024.
- Entitled to severance pay of $712,500 (1.5x base salary) plus $712,500 lump sum (1.5x STI target).
- Prorated STI award of approx $334,452 for 2024.
- 12-month non-compete and non-solicit after termination.
- COBRA benefit and outplacement services included in the agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890926/000119312524181035/0001193125-24-181035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890926/000119312524181035/d811363d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-181035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer