Navient shareholders re-elect board recognized for gender parity
May 26 2016 - 2:00PM
Navient today held its 2016 Annual Meeting of Shareholders in
Wilmington, Del. Shareholders voted in accordance with the
recommendations of the company’s board of directors on each of the
four proposals at the meeting.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/7e849e5c-51e8-4470-bb4d-3bf5b7f0ada6
The shareholders reelected the 12 nominees named in the proxy
statement to serve as directors for one-year terms or until their
successors have been duly elected and qualified. The company’s
directors are: Chairman William M. Diefenderfer III, John K. Adams,
Ann Torre Bates, Anna Escobedo Cabral, Diane Suitt Gilleland,
Katherine A. Lehman, Linda A. Mills, Barry A. Munitz, John (Jack)
F. Remondi, Jane J. Thompson, Laura S. Unger and Barry L.
Williams.
As planned, long-time Director Steven L. Shapiro retired at the
annual meeting. Shapiro is a certified public accountant with the
firm of Alloy, Silverstein, Shapiro, Adams, Mulford, Cicalese,
Wilson & Co. He played an integral role in the creation of
Navient. He previously served on the Boards of Directors of the
Student Loan Marketing Association and SLM Corporation and had been
a Director since 1995.
Today, seven of the 12 directors are women, representing an
exceptional 58 percent of the company’s board and attracting
nationwide recognition from 2020 Women on Boards, the Women's Forum
of New York, and the New York Stock Exchange Governance Services.
These women directors bring diversity of industry backgrounds,
ethnicity, age, skills and experiences.
The shareholders also voted on the following:
- A proposal to approve the appointment of KPMG LLP to serve as
the independent external audit firm;
- A non-binding advisory resolution to approve executive
compensation; and,
- A shareholder proposal related to disclosure of lobbying
activities and expenses.
Represented by proxy or present in person at the meeting were 92
percent of the company's total shares outstanding.
About NavientAs the nation's leading loan
management, servicing and asset recovery company, Navient
(Nasdaq:NAVI) helps customers navigate the path to financial
success. Servicing more than $300 billion in student loans, the
company supports the educational and economic achievements of more
than 12 million Americans. A growing number of public and private
sector clients rely on Navient for proven solutions to meet their
financial goals. Learn more at navient.com.
Contact:
Media: Nikki Lavoie, 302-283-4057, nikki.lavoie@navient.com
Investors: Joe Fisher, 302-283-4075, joe.fisher@navient.com
Customers: 888-272-5543
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