secwatch / observer

NAVIENT CORP — fact timeline

Source-grounded facts extracted from NAVIENT CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

NAVI NAVIENT CORP JSON
Shareholder Votes

NAVIENT CORP shareholders approved Advisory Vote on Say-on-Pay Frequency. at the 2026-06-04 meeting.

“The Company’s shareholders approved, by an advisory vote, the say-on-pay frequency, as follows One Year Two Years Three Years Abstain Broker Non-Votes 72,975,842 58,011 6,408,948 233,461 7,560,654”
Shareholder Votes

NAVIENT CORP shareholders approved Advisory Vote on Executive Compensation. at the 2026-06-04 meeting.

“The Company’s shareholders approved, by an advisory vote, the compensation of its named executive officers, as follows: For Against Abstain Broker Non-Votes 77,130,044 2,140,647 405,571 7,560,654”
Shareholder Votes

NAVIENT CORP shareholders approved Ratification of the Appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026. at the 2026-06-04 meeting.

“The Company’s shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026, as follows: For Against Abstain 86,200,408 711,805 324,703”
Shareholder Votes

NAVIENT CORP shareholders approved Election of 6 directors to hold office until the 2026 Annual Meeting of Shareholders and until their successors have been duly elected or appointed. at the 2026-06-04 meeting.

“The Company’s shareholders elected the following 6 directors to hold office until the 2026 Annual Meeting of Shareholders and until their successors have been duly elected or appointed: For Against Abstain Broker Non-Votes Frederick Arnold 77,332,537 2,106,762 236,963 7,560,654 Edward J. Bramson 77,892,680 1,539,840 243,742 7,560,654 Anna Escobedo Cabral 77,596,632 1,843,978 235,652 7,560,654 Larry A. Klane 74,867,296 4,571,774 237,192 7,560,654 Michael A. Lawson 77,008,298 2,424,725 243,239 7,560,654 David L. Yowan 78,173,784 1,266,180 236,298 7,560,654”
Material Agreements

NAVIENT CORP entered into Underwriting Agreement with BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC valued at $500,000,000 (effective 2026-05-26).

“On May 29, 2026, Navient Corporation (the “ Company ”) completed a public offering of $500,000,000 aggregate principal amount of its 9.375% Senior Notes due 2031 (the “ Notes ”).”
Debt Financings

NAVIENT CORP incurred senior notes of $500,000,000 with The Bank of New York Mellon, as trustee at 9.375%.

“completed a public offering of $500,000,000 aggregate principal amount of its 9.375% Senior Notes due 2031”
Earnings Releases

NAVIENT CORP reported financial results for the quarter ended March 31, 2026.

“Navient Corporation (the “Company”) issued an informational press release announcing its financial results for the quarter ended March 31, 2026”
Debt Financings

NAVIENT CORP incurred senior notes of $500,000,000 aggregate principal amount with RBC Capital Markets, LLC, Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC at 7.875% maturing 2032.

“completed a public offering of $500,000,000 aggregate principal amount of its 7.875% Senior Notes due 2032”
Governance Changes

NAVIENT CORP: Amended and restated Bylaws to implement director resignation guidelines for majority vote failures and allow Nomination and Governance Committee Chair to call special board meetings (effective 2025-04-03).

“the Company’s Bylaws, which Third Amended and Restated Bylaws (the “Amended Bylaws”) became effective on April 3, 2025.”

John Kane departed as Group President, Business Processing Solutions at NAVIENT CORP.

“John Kane, the Company’s Group President, Business Processing Solutions, will depart the Company at the end of 2024.”

Troy Standish changed role as Executive Vice President & Chief Operating Officer at NAVIENT CORP.

“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.”
M&A Transactions

NAVIENT CORP completed a disposition involving Coding Solutions Acquisition, Inc. (CorroHealth) for $369 million ($365 million of total consideration, plus an estimated $4 million of working capital and other adjustments to the contractual price) (closed 2024-09-19).

“On September 19, 2024, Navient Corporation (the “Company”) completed the sale of its equity interests in Xtend Healthcare, LLC, which comprised the Company's healthcare services business in its Business Processing segment to Coding Solutions Acquisition, Inc. (CorroHealth) for $369 million ($365 million of total consideration, plus an estimated $4 million of working capital and other adjustments to the contractual price).”
Material Agreements

NAVIENT CORP entered into Master Terms Agreement with Higher Education Loan Authority of the State of Missouri valued at Navient outsources student loan servicing operations to MOHELA; MOHELA will act as sub-servicer and (effective 2024-05-07).

“On May 7, 2024, Navient Solutions, LLC (“Navient”), a Delaware limited liability company and a wholly owned subsidiary of Navient Corporation (the “Company”), and Higher Education Loan Authority of the State of Missouri (“MOHELA”), a leading provider of student loan servicing for government and commercial enterprises and a body politic and corporate and public instrumentality of the State of Missouri, entered into a Master Terms Agreement (the “MTA”).”

Mark L. Heleen departed as Chief Legal Officer and Secretary at NAVIENT CORP.

“Mark L. Heleen, Executive Vice President, Chief Legal Officer and Secretary, along with several other non-NEO executives will depart the Company.”

Steve Hauber was appointed as Chief Administrative Officer at NAVIENT CORP.

“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.”
Earnings Releases

NAVIENT CORP reported the quarter ended March 31, 2024 results: net income $73 million ($0.64 diluted earnings per share), EPS $0.64 diluted earnings per share.

“GAAP net income of $73 million ($0.64 diluted earnings per share).”
Earnings Releases

NAVIENT CORP reported first-quarter 2024 results: net income $73 million ($0.64 diluted earnings per share), EPS $0.64 diluted earnings per share.

“NAVIENT REPORTS FIRST-QUARTER 2024 FINANCIAL RESULTS HERNDON, Va., April 24, 2024 — Navient (Nasdaq: NAVI) today released its first-quarter 2024 financial results. OVERALL RESULTS • GAAP net income of $73 million ($0.64 diluted earnings per share).”

Laura S. Unger resigned as Director at NAVIENT CORP.

“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”
Earnings Releases

NAVIENT CORP reported 2023 full year results: net income $228 million ($1.85 diluted earnings per share), EPS $1.85 per share.

“GAAP net income of $228 million ($1.85 diluted earnings per share).”
Earnings Releases

NAVIENT CORP reported the quarter ended December 31, 2023 results: net income $28 million ($0.25 diluted loss per share), EPS ($0.25) per share.

“GAAP net loss of $28 million ($0.25 diluted loss per share).”
Material Agreements

NAVIENT CORP entered into Underwriting Agreement with BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC valued at $500,000,000 aggregate principal amount of 11.500% Senior Notes due 2031 (effective 2023-10-31).

“On November 3, 2023, Navient Corporation (the “ Company ”) completed a public offering of $500,000,000 aggregate principal amount of its 11.500% Senior Notes due 2031 (the “ Notes ”).”
Earnings Releases

NAVIENT CORP reported third quarter 2023 results: net income $79 million ($0.65 diluted earnings per share).

“Navient (Nasdaq: NAVI) today released its third-quarter 2023 financial results.”
Earnings Releases

NAVIENT CORP reported the quarter ended June 30, 2023 results: net income GAAP net income of $66 million ($0.52 diluted earnings per share).

“GAAP net income of $66 million ($0.52 diluted earnings per share).”

Jack Remondi was terminated as Chief Executive Officer and President at NAVIENT CORP.

“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”
Shareholder Votes

NAVIENT CORP shareholders approved Advisory Vote on Executive Compensation at the 2023-05-25 meeting.

“Proposal 3 – Advisory Vote on Executive Compensation . The Company’s shareholders approved, by an advisory vote, the compensation of its named executive officers, as follows: For Against Abstain Broker Non-Votes 106,706,976 1,104,581 297,359 9,681,819”
Shareholder Votes

NAVIENT CORP shareholders approved Ratification of the Appointment of KPMG LLP as independent registered public accounting firm for 2023 at the 2023-05-25 meeting.

“Proposal 2 – Ratification of the Appointment of KPMG LLP . The Company’s shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023, as follows: For Against Abstain 115,416,476 2,294,751 79,508”
Shareholder Votes

NAVIENT CORP shareholders approved Election of 9 directors to hold office until 2024 Annual Meeting at the 2023-05-25 meeting.

“Proposal 1 – Election of Directors . The Company’s shareholders elected the following 9 directors to hold office until the 2024 Annual Meeting of Shareholders and until their successors have been duly elected or appointed: For Against Abstain Broker Non-Votes Frederick Arnold 94,914,507 13,147,372 47,037 9,681,819 Edward J. Bramson 104,341,613 3,662,571 104,732 9,681,819 Anna Escobedo Cabral 97,594,834 10,467,740 46,342 9,681,819 Larry A. Klane 95,284,582 12,777,058 47,276 9,681,819 Michael A. Lawson 104,875,937 3,185,851 47,128 9,681,819 Linda A. Mills 94,468,973 13,590,624 49,319 9,681,819 Jane J. Thompson 94,756,277 13,309,804 42,835 9,681,819 Laura S. Unger 94,574,906 13,489,747 44,263 9,681,819 David L. Yowan 97,173,160 10,890,431 45,325 9,681,819”

Jack Remondi departed as Director at NAVIENT CORP.

“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.”

Jack Remondi was terminated as Chief Executive Officer and President at NAVIENT CORP.

“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.”

David L. Yowan was appointed as Chief Executive Officer and President at NAVIENT CORP.

“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”).”
Debt Financings

NAVIENT CORP incurred senior notes of $500,000,000 with The Bank of New York Mellon at 9.375% maturing 2030.

“On May 4, 2023, Navient Corporation (the “ Company ”) completed a public offering of $500,000,000 aggregate principal amount of its 9.375% Senior Notes due 2030 (the “ Notes ”).”
Material Agreements

NAVIENT CORP entered into Underwriting Agreement with RBC Capital Markets, LLC, Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC valued at $500,000,000 (effective 2023-05-01).

“On May 4, 2023, Navient Corporation (the “ Company ”) completed a public offering of $500,000,000 aggregate principal amount of its 9.375% Senior Notes due 2030 (the “ Notes ”).”
Earnings Releases

NAVIENT CORP reported the quarter ended March 31, 2023 results: net income $111 million, EPS $0.86 diluted earnings per share.

“OVERALL RESULTS • GAAP net income of $111 million ($0.86 diluted earnings per share).”
Earnings Releases

NAVIENT CORP reported the fiscal year ended December 31, 2022 results: net income $645 million, EPS $4.49 diluted earnings per share.

“FULL YEAR RESULTS • GAAP net income of $645 million ($4.49 diluted earnings per share).”
Earnings Releases

NAVIENT CORP reported the quarter ended December 31, 2022 results: net income $105 million, EPS $0.78 diluted earnings per share.

“FOURTH QUARTER – OVERALL RESULTS • GAAP net income of $105 million ($0.78 diluted earnings per share).”

Michael A. Lawson was appointed as Director at NAVIENT CORP.

“unanimously appointed Michael A. Lawson to the Board effective August 2, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.