SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 27, 2021, the Board of Directors (the “Board”) of Navient Corporation (the “Company”), upon the recommendation of the Company’s Nominations and Governance Committee, unanimously appointed Michael A. Lawson to the Board effective August 2, 2021. The Board has affirmatively determined that Mr. Lawson meets the qualifications of an independent director under Nasdaq Rule 5605(a) (2) and the Company’s Corporate Governance Guidelines. Navient is not aware of any transactions with Mr. Lawson that would require disclosure under Item 404(a) of Regulation SK. Mr. Lawson will serve on the Company’s Audit Committee and its Compensation and Human Resources Committee.
As a non-employee director, Mr. Lawson will participate in the Company’s compensation program for non-employee directors as described under the caption "Director Compensation" in Navient’s 2021 Proxy Statement filed with the Securities and Exchange Commission.
Item 7.01 REGULATION FD DISCLOSURE
The Company frequently provides relevant information to its investors via posting to its corporate website. On July 29, 2021, a presentation entitled “2021 2nd Quarter Investor Deck” was made available on the Investor Relations page of the Company’s website. In addition, the presentation is being furnished herewith as Exhibit 99.2
The information contained in, or incorporated into, Item 7.01 and Item 8.01, including Exhibits 99.1 and 99.2 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 8.01 OTHER MATTERS
On July 29, 2021, the Company issued a news release announcing the appointment of Michael A. Lawson to its Board of Directors effective August 2, 2021. A copy of the news release is furnished herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Cover Page Interactive Data File (embedded within the Inline XBRL document).
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.
|By:||/s/ Mark L. Heleen|
|Mark L. Heleen|
|Title:||Chief Legal Officer|
Date: July 29, 2021