secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONITY GROUP INC. (ONIT)
CIK:        0000873860
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0001493152-22-014321
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocwen appoints Sean O'Neil as CFO, effective June 13, 2022; June Campbell departs
--------------------------------------------------------------------------------

- Sean O'Neil named EVP and CFO, succeeding June Campbell who leaves after a transition period.
- O'Neil joins from Bayview Asset Management where he was CFO since 2015; previously at Wells Fargo and Wachovia.
- O'Neil's compensation: $550K base salary, $550K target cash bonus, $650K annual equity, plus $1.25M sign-on RSUs and $650K cash sign-on bonus.
- Campbell's departure is unrelated to any disagreement; she led finance through post-merger integration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/873860/000149315222014321/0001493152-22-014321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/873860/000149315222014321/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-014321

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