UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): September 28, 2021
Navient Corporation |
(Exact name of registrant as specified in its charter) |
Delaware | | 001-36228 | | 46-4054283 |
(State or other jurisdiction | | (Commission | | (I.R.S. Employer |
of incorporation) | | File Number) | | 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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common stock, par value $.01 per share | NAVI | The Nasdaq Global Select Market |
6% Senior Notes due December 15, 2043 | JSM | The Nasdaq Global Select Market |
ITEM 8.01 OTHER EVENTS
On July 28, 2021, Navient Corporation (the “Company”) issued a news release announcing that it entered into a definitive agreement to transfer the loan servicing for its U.S. Department of Education-owned student loan accounts from Navient to Maximus (NYSE:MMS) through a contract novation, subject to the Department’s approval. A copy of the news release is furnished herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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
(Registrant) | |
| | | | |
Date: September 29, 2021 | By: | /s/ Mark L. Heleen | |
| Name: | Mark L. Heleen | |
| | Title: | Chief Legal Officer | |
