secwatch.observer — SEC 8-K summary
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Issuer:     NAVIENT CORP (NAVI)
CIK:        0001593538
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001654954-24-005199
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Navient expands Steve Hauber to CAO; Chief Legal Officer Heleen to depart
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- Steve Hauber appointed Chief Administrative Officer effective Apr 27, 2024, adding oversight of legal, risk, compliance, HR, IT.
- Mark L. Heleen, EVP, Chief Legal Officer & Secretary, to depart; timing not yet determined.
- Hauber's base salary raised to $450,000 and 2024 target bonus increased to 125% of base.
- Subject to shareholder approval, Hauber expected to receive $75K RSUs and $75K PSUs.
- Other non-NEO executives also departing as part of strategic streamlining actions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593538/000165495424005199/0001654954-24-005199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593538/000165495424005199/navi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-005199

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