Highest-materiality recent filing
Navient discloses ransomware attack at third-party law firm exposing borrower data
Incident discovered June 8, 2026; involved ransomware at a law firm providing legal services to Navient.
Navient annual meeting results: all director nominees elected, KPMG ratified, say-on-pay approved
Six directors elected with 74.9M–78.2M votes for; Larry A. Klane received lowest support (74.9M).
Navient closes $500M offering of 9.375% Senior Notes due 2031
Issued $500M aggregate principal amount of 9.375% Senior Notes due 2031.
Navient Corporation reports first quarter 2026 financial results
Navient posted Q1 2026 financial results on its website on April 29, 2026.
Navient appoints Edward Bramson as CEO effective June 5; David Yowan to remain on board
Edward Bramson appointed President and CEO effective June 5, 2026; will continue as Board Chair.
Navient posts Q4 2025 financial results to website; no specifics in filing
Results available at Navient.com/investors; webcast held Jan 28, 2026 at 8am ET.
Navient appoints Steve Hauber CFO; Joe Fisher departs; Troy Standish expands role
Steve Hauber named EVP and CFO effective Jan 7, 2026; base salary increased to $525,000.
Navient posts Phase 2 strategy update presentation on investor website
Company released 'Phase 2 Strategy Update' presentation on November 19, 2025.
Navient reports Q3 2025 GAAP net loss of $86M ($0.87/share); new $100M buyback authorized
GAAP net loss of $86M ($0.87 diluted EPS); core earnings net loss of $83M ($0.84).
Navient Q2 2025 GAAP net income $14M; originations nearly double YoY to $1B YTD
GAAP net income $14M ($0.13 diluted EPS); Core Earnings $21M ($0.20 diluted EPS).
Navient raises CEO David Yowan's base salary to $1M, issues $1.6M RSUs and $2.4M PSUs
CEO David Yowan's annual base salary increased to $1,000,000 effective July 1, 2025.
Navient annual meeting elects directors, ratifies KPMG, completes TSAs
Shareholders elected 7 directors including Frederick Arnold, Edward Bramson, Anna Escobedo Cabral, Larry Klane, Michael Lawson, Jane Thompson, David Yowan.
Navient issues $500M of 7.875% Senior Notes due 2032
Issued $500M aggregate principal of 7.875% Senior Notes due 2032 on May 19, 2025.
Navient Q1 GAAP net loss $2M; Core EPS $0.25; refi originations double
GAAP net loss of $2M ($0.02 diluted loss); Core Earnings of $26M ($0.25 diluted EPS).
Navient amends bylaws to adopt director resignation policy for uncontested elections
Board adopted Third Amended and Restated Bylaws effective April 3, 2025.
Phase 1 cost reductions of $119M in Shared and Corporate Expenses, increasing legacy loan cash flows by ~$1.5B.
Navient Q4 GAAP EPS $0.22, core EPS -$0.24 on $68M pre-tax charges; full-year core EPS $2.00
GAAP net income $24M ($0.22 diluted EPS); Core earnings loss $25M ($0.24 diluted loss per share).
Navient extends standstill with Sherborne; Edward Bramson to become Board Chair at 2025 meeting
Covered period extended through earlier of closing of 2025 annual meeting or June 30, 2025, plus 20 business days after Bramson leaves board.
Navient sells Government Services business to Gallant Capital; expects $25-35M loss in Q4
Approximately 1,200 employees included; transaction expected to close Q1 2025.
Navient Q3 GAAP net loss $2M; core EPS $1.45 on $219M Xtend sale gain
GAAP net loss of $2M ($0.02 diluted loss); core earnings of $160M ($1.45 diluted EPS).
Navient promotes Troy Standish to EVP & COO; John Kane to depart by year-end 2024
Troy Standish, age 50, expands role to EVP & COO effective Oct 11, 2024, overseeing operations and business processing.
Navient completes sale of Xtend Healthcare (healthcare services) to CorroHealth for $369M
Sale price $369M ($365M base + ~$4M working capital adjustments); closed Sept 19, 2024.
Navient agrees to pay $120M to settle CFPB lawsuit over student loan practices
$20 million penalty plus $100 million borrower redress to be determined by CFPB.
Navient sells Healthcare Services (Xtend) to CorroHealth for $365M cash
Purchase price: $365 million cash, subject to customary adjustments.
Navient Q2 2024 GAAP net income $36M ($0.32 EPS); Core EPS $0.29; strategic moves advancing
GAAP net income $36M ($0.32 diluted EPS); Core Earnings $33M ($0.29 diluted EPS).
Navient approves STIP with transformation targets; CEO gets $1.6M RSU + $2.4M PSU awards
STIP targets outsourcing ~80% of servicing expenses, BPS divestment, and ~20% ($11M) shared services cut in Q4 2024.
Navient shareholders elect 8 directors, ratify KPMG, approve say-on-pay and 2024 Omnibus Plan
Each of the 8 director nominees (Frederick Arnold, Bramson, Cabral, Klane, Lawson, Mills, Thompson, Yowan) received >94M votes for; all elected.
Navient to outsource student loan servicing to MOHELA; transfer ~900 employees, start Q3 2024
Navient Solutions, LLC and MOHELA signed Master Terms Agreement on May 7, 2024.
Navient expands Steve Hauber to CAO; Chief Legal Officer Heleen to depart
Steve Hauber appointed Chief Administrative Officer effective Apr 27, 2024, adding oversight of legal, risk, compliance, HR, IT.
Navient Q1 GAAP EPS $0.64, core EPS $0.47; corrects prior Q4 loan metrics
GAAP net income $73M ($0.64 diluted EPS); Core earnings $54M ($0.47 diluted EPS).
Navient Q1 GAAP net income $73M ($0.64 EPS); $12M CFPB accrual and $9M loan premium write-off
GAAP net income $73M ($0.64 diluted EPS); Core earnings $54M ($0.47 diluted EPS).
Navient director Laura Unger will not stand for reelection at May 2024 annual meeting
Laura Unger notified Board on April 4, 2024, that she will not seek reelection.
Q4 GAAP net loss of $28M ($0.25 diluted EPS); Core Earnings of $24M ($0.21 diluted EPS).
Navient posts strategy update on investor website; no financial details provided in exhibit
Presentation titled 'Navient Strategy Update' made available on company website on January 31, 2024.
Navient to outsource loan servicing to MOHELA, explore sale of business processing unit
Binding letter of intent to outsource student loan servicing to MOHELA, creating variable cost structure.
Navient extends cooperation agreement with Sherborne; Bramson named Vice Chairman
Amendment extends 'Covered Period' through earlier of 2024 annual meeting or June 30, 2024.
Navient closes $500M offering of 11.500% Senior Notes due 2031
Issued $500M aggregate principal of 11.500% Senior Notes maturing 2031.
Navient Q3 GAAP net income $79M ($0.65 EPS); $45M CFPB charge impacts results
GAAP net income $79M ($0.65 diluted EPS); Core Earnings $57M ($0.47 diluted EPS).
Navient Q2 GAAP EPS $0.52, core EPS $0.70; $80M buyback, $15M restructuring charge
GAAP net income $66M ($0.52 diluted EPS); core earnings $88M ($0.70 diluted EPS).
Former CEO Jack Remondi terminated May 15, 2023; receives $6,226,375 lump-sum severance under Executive Severance Plan.
Navient shareholders elect all 9 directors, ratify KPMG, approve say-on-pay
All nine director nominees elected; Edward J. Bramson received most votes (104.3M).
Navient appoints David Yowan as President and CEO, succeeding Jack Remondi effective May 15
David Yowan, former Navient board member and American Express corporate treasurer, named CEO and President effective May 15, 2023.
Navient completes $500M offering of 9.375% Senior Notes due 2030
Issued $500M aggregate principal of 9.375% Senior Notes due 2030 on May 4, 2023.
Navient posts Q1 2023 investor presentation without specific financial details
Presentation was made available on Navient's investor relations website on April 27, 2023.
Navient Q1: GAAP EPS $0.86, Adj. Core EPS $1.06; $85M share repurchase
GAAP net income $111M ($0.86 diluted EPS); Core Earnings $133M ($1.02 diluted EPS); Adjusted Core EPS $1.06.
Navient posts Q4 2022 investor presentation; details not in filing
Navient posted its Q4 2022 investor presentation on its website on February 27, 2023.
Navient Q4 GAAP net income $105M ($0.78 EPS); adjusted EPS $0.85, full-year EPS $4.49
GAAP net income of $105M ($0.78 diluted EPS); Adjusted Core EPS $0.85; Core EPS $0.76.
Navient posts Q3 2022 investor deck; financial details not extractable from filing
Navient made available a Q3 2022 investor presentation on its website on October 27, 2022.
Navient Q3 GAAP net income $105M ($0.75 EPS); Adjusted Core EPS $0.75, shares repurchased $95M
GAAP net income $105M, diluted EPS $0.75; Adjusted Core EPS $0.75; Core EPS $0.62.
As of June 30, 2022: $427M loan premium, $364M debt deferred fees, $245M loan loss allowance, $125M unrecognized fees, $232M goodwill in FFELP portfolio.
John Kane, the Company’s Group President, Business Processing Solutions, will depart the Company at the end of 2024.
Effective October 11, 2024, Troy Standish, the Company’s Executive Vice President, Asset Management and Business Processing Operations, expanded his responsibilities by assuming the title of Executive Vice President & Chief Operating Officer.
Mark L. Heleen, Executive Vice President, Chief Legal Officer and Secretary, along with several other non-NEO executives will depart the Company.
Effective April 27, 2024, Steve Hauber, our Executive Vice President and Chief Risk and Compliance Officer, expanded his responsibilities by assuming the title of Chief Administrative Officer.
On April 4, 2024, Laura S. Unger, formally notified the Board of Directors (the “Board”) of Navient Corporation (the “Company”) that she would not be standing for reelection to the Board at the Company’s Annual Meeting of Shareholders on May 23, 2024
In connection with the termination of his employment with the Company, effective May 15, 2023, Mr. Remondi will be provided with severance payments and benefits in accordance with the Severance Plan
For purposes of the Company’s Executive Severance Plan for Senior Officers (the “Severance Plan”) and the Company’s 2014 Omnibus Incentive Plan and award agreements thereunder, Mr. Remondi’s termination of employment is a termination by the Company without cause.
Mr. Remondi’s director term expires as of the 2023 Annual Meeting and the Board has withdrawn Mr. Remondi’s nomination for election as a director at such meeting. Accordingly, Mr. Remondi will cease to be a member of the Board at the 2023 Annual Meeting.
On May 15, 2023, Navient Corporation (“Navient” or the “Company”) announced that its Board of Directors (the “Board”) appointed David L. Yowan, age 66, to succeed Jack Remondi as Chief Executive Officer and President of Navient, effective as of May 15, 2023 (the “Transition Time”).
unanimously appointed Michael A. Lawson to the Board effective August 2, 2021.
Max materiality 0.80 · Median 0.60 · Most common event earnings