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): April 28,
2017
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
Not Applicable
(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))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 7.01.
Regulation FD Disclosure
Navient Corporation (the “Company”)
frequently provides relevant information to its investors via
posting to its corporate website. On April 28, 2017, a presentation
entitled “2017 1st
Quarter Investor Deck” was made
available on the Company’s website
at https://www.navient.com/about/investors/webcasts/.
In addition, the presentation is being furnished herewith as
Exhibit 99.1
The
information contained in, or incorporated into, this
Item 7.01, including Exhibit 99.1 attached hereto, is being
furnished and shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as
amended, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such
filing.
Item
9.01
(d)
Financial
Statements and Exhibits
Exhibits
99.1*
2017 1st Quarter Investor
Deck
*Furnished
herewith.
Cautionary Note on Forward-Looking Statements
Statements
in this report that are not historical facts, including statements
about the Company’s beliefs, opinions or expectations and
statements that assume or are dependent upon future events, are
forward-looking statements and often contain words such as
“expect,” “anticipate,”
“intend,” “plan,” “believe,”
“seek,” “see,” “will,”
“would,” or “target.” Forward-looking
statements are subject to risks, uncertainties, assumptions and
other factors that may cause actual results to be materially
different from those reflected in such forward-looking statements.
For Navient, these factors include, among others, the risks and
uncertainties associated with increases in financing costs or the
availability of financing; limits on our liquidity resulting from
disruptions in the capital markets or other factors; unanticipated
increases in costs associated with compliance with laws and
regulations; changes in the marketplaces in which we compete
(including changes in demand or changes resulting from new laws and
regulations); changes in accounting standards pertaining to loan
loss reserves and estimates or other accounting standards that may
impact our operations; adverse outcomes in any significant
litigation to which the Company is a party; credit risk associated
with the Company’s exposure to third parties, including
counterparties to the Company’s hedging transactions. The
Company could also be affected by, among other things:
unanticipated deferrals in our FFELP securitization trusts that
would delay repayment of the bonds beyond their legal final
maturity date; reductions in our credit ratings, the credit ratings
of asset-backed securitizations we sponsor or the credit ratings of
the United States of America; failures of our operating systems or
infrastructure or those of third-party vendors; risks related to
cybersecurity including the potential disruption of our systems or
potential disclosure of confidential customer information; damage
to our reputation resulting from the politicization of student loan
servicing; changes in law and regulations with respect to the
student lending business and financial institutions generally;
failure to adequately integrate acquisitions or realize anticipated
benefits from acquisitions including delays or errors in converting
portfolio acquisitions to our servicing platform; increased
competition from banks and other consumer lenders who are not
subject to the same level of regulation, the creditworthiness of
our customers; changes in the general interest rate environment,
including the relationship between the relevant money-market index
rate and the rate at which our assets are priced; changes in
general economic conditions and the other factors that are
described in the “Risk Factors” section of
Navient’s Annual Report on Form 10-K and in its future
reports filed with the Securities and Exchange Commission. The
preparation of the Company’s consolidated financial
statements also requires management to make certain estimates and
assumptions including estimates and assumptions about future
events. These estimates or assumptions may prove to be incorrect
and actual results could differ materially. All forward-looking
statements contained in this report are qualified by these
cautionary statements and are made only as of the date of this
release. The Company does not undertake any obligation to update or
revise these forward-looking statements except as required by
law.
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:
April 28, 2017
|
|
By:
|
/s/
Mark L. Heleen
|
|
|
|
|
|
|
Mark
L. Heleen
|
|
|
|
|
|
|
Chief
Legal Officer
|
|
|
dff
EXHIBIT INDEX
|
Exhibit Number
|
Description
|
|
99.1
|
2017
1st
Quarter Investor Deck
|
|
|
|
d
