secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001628280-24-029341
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

SLM Corp amends change-in-control severance plan for senior officers; annual meeting results filed
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- Board adopted Amended and Restated Change in Control Severance Plan for Senior Officers (Senior VP and above) effective June 18, 2024.
- CEO multiplier set at 2.5x (salary + target bonus); other named executives (Graham, Jafarieh, Palmer, Vieira) at 2.0x; SVP at 1.5x.
- Annual meeting elected all 12 director nominees; each received >194M votes for.
- Advisory vote on executive compensation passed with ~194.8M for, ~6.7M against.
- Ratification of KPMG as auditor for 2024 approved with ~205.9M for.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828024029341/0001628280-24-029341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828024029341/slm-20240618.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-029341

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