UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 26, 2016

 

 

Navient Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-36228   46-4054283

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

123 Justison Street, Wilmington, Delaware   19801
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (302) 283-8000

 

 

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

On May 26, 2016, Navient Corporation (the “Company”) held its 2016 Annual Meeting of Shareholders (the “Annual Meeting”). As of the close of business on March 30, 2016, the record date for the Annual Meeting, 331,635,131 shares of common stock, par value $.01 per share, were outstanding and entitled to vote. At the Annual Meeting, 304,681,829 shares, or approximately 91.87%, of the outstanding shares of common stock entitled to vote were represented in person or by proxy. At the Annual Meeting, the following proposals were submitted to a vote of the Company’s shareholders, with the voting results indicated below:

Proposal 1 – Election of Directors . The Company’s shareholders elected the following 12 directors to hold office until the 2017 Annual Meeting of Shareholders and until their successors have been duly elected or appointed, as follows:

 

     For      Against      Abstain      Broker Non-Votes

John K. Adams, Jr.

   291,150,221      282,524      62,798      13,186,286

Ann Torre Bates

   290,326,661      999,679      169,203      13,186,286

Anna Escobedo Cabral

   291,089,217      343,930      62,396      13,186,286

William M. Diefenderfer, III

   290,826,485      599,218      69,840      13,186,286

Diane Suitt Gilleland

   290,813,294      620,474      61,775      13,186,286

Katherine A. Lehman

   290,798,094      633,662      63,787      13,186,286

Linda A. Mills

   290,788,725      644,071      62,747      13,186,286

Barry A. Munitz

   290,435,092      998,028      62,423      13,186,286

John F. Remondi

   291,055,676      376,285      63,582      13,186,286

Jane J. Thompson

   270,433,754      20,976,765      85,024      13,186,286

Laura S. Unger

   290,944,224      466,912      84,407      13,186,286

Barry L. Williams

   290,548,210      883,819      63,514      13,186,286

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, 2016, as follows:

 

For

  Against     Abstain     Broker Non-Votes
302,611,933     1,909,414        160,482     

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  
284,738,625     6,522,786        234,132        13,186,286   

Proposal 4 – Shareholder Proposal: Disclosure of Lobbying Activities and Expenses. The Company’s shareholders rejected the proposal, as follows:

 

For

  Against     Abstain     Broker Non-Votes  
25,548,335     230,519,561        35,427,647        13,186,286   

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    NAVIENT CORPORATION
Date: June 1, 2016     By:   /s/ Mark L. Heleen
      Mark L. Heleen
      Executive Vice President, Chief Legal Officer and Secretary
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