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 4,
2018
Navient Corporation
(Exact name of registrant as specified in its charter)
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Delaware
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001-36228
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46-4054283
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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123 Justison Street, Wilmington, Delaware
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19801
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(Address of principal executive offices)
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(Zip Code)
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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
(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this
chapter).
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Emerging
growth company
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☐
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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. ☐
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ITEM 8.01
OTHER
EVENTS
On April 4, 2018, Navient Corporation (the “Company”)
received notice of a filing on Schedule 13D by Canyon Capital
Advisors. The Company released a statement in response to the
filing which is attached hereto as Exhibit 99.1.
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ITEM 9.01
FINANCIAL
STATEMENTS AND EXHIBITS
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(d) Exhibits
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Exhibit
Number
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Description
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99.1
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Press
Release dated April 4, 2018.
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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.
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NAVIENT CORPORATION
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Date:
April 5, 2018
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By:
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/s/
Mark L. Heleen
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Mark
L. Heleen
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Chief
Legal Officer
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NEWS RELEASE
For immediate release
WILMINGTON, Del., April 4, 2018— Navient (Nasdaq: NAVI), a leading asset management
and business processing services company, today received a notice
of Schedule 13D filing by Canyon Capital Advisors and released the
following statement:
Navient
values Canyon’s investment and interest in our company. We
regularly have discussions with shareholders, and will engage with
Canyon to discuss potential board nominees and to continue to learn
more about their ideas toward our common goal of enhancing
shareholder value.
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About Navient
Navient
(Nasdaq: NAVI) is a leading provider of asset management and
business processing solutions for education, healthcare and
government clients at the federal, state and local levels. The
company helps its clients and millions of Americans achieve
financial success through services and support. Headquartered in
Wilmington, Delaware, Navient employs team members in western New
York, northeastern Pennsylvania, Indiana, Tennessee, Texas,
Virginia, Wisconsin and other locations. Learn more at
navient.com.
Contact:
Media: Patricia Nash Christel, 302-283-4076,
patricia.christel@navient.com
Investors: Joe Fisher, 302-283-4075,
joe.fisher@navient.com
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