Nov 2, 4:30 PM ET
Navient Corp completed a corporate reorganization on October 28, 2026, where each outstanding share of common stock was automatically converted into one share of Navient Holdings Common Stock. The transaction is intended to be tax-free for US federal income tax purposes, and stockholders maintain the exact same ownership percentages.
- At the effective time, each share of Navient common stock converted into one share of Navient Holdings Common Stock on a tax-free basis.
- Navient filed a Form 15 with the SEC to terminate the registration of Navient Common Stock under the Securities Exchange Act of 1934.
- A Certificate of Elimination was filed on October 28, 2026, to eliminate the unused Series A Junior Participating Preferred Stock.
Read the filing on SEC.gov ↗
Oct 21, 4:15 PM ET
Navient said it intends to set up Navient Holdings, Inc. as a new holding company over Navient LLC and E Parent, Inc. (Earnest), with existing shares converting one-for-one into Holdings shares. The structure is expected to take effect in the fourth quarter of 2026, and the filing says no stockholder action is required; the filing does not discuss financial results or guidance.
- Existing Navient shares convert automatically one-for-one into Navient Holdings common stock
- Trading expected to continue uninterrupted under NAVI on the Nasdaq Global Select Market
- New structure expected in effect during the fourth quarter of 2026; no stockholder action required
- Audio webcast on Thursday, Oct. 22, 2026, at 8:30 a.m. Eastern Time
Read the filing on SEC.gov ↗
Sep 25, 8:05 AM ET
Navient's board appointed Diane E. Offereins as an independent director effective September 24, 2026, filling a seat left open after a board member retired in June 2026. She will serve on the Audit Committee and the Compensation and Human Resources Committee, and the company said it is not aware of any transactions requiring disclosure under Item 404(a) of Regulation S-K.
- Appointment effective September 24, 2026; announced in a news release dated September 25, 2026
- Board determined she meets Nasdaq Rule 5605(a)(2) independence qualifications
- Will serve on the Audit Committee and the Compensation and Human Resources Committee
- Previously spent over 24 years at Discover Financial Services, ending as Executive Vice President, Payment Services
Read the filing on SEC.gov ↗
Aug 6, 4:13 PM ET
Navient reported second-quarter 2026 GAAP net income of $25 million, or $0.26 per diluted share, up from $14 million, or $0.13, a year earlier. Core Earnings net income was $27 million, or $0.29 per diluted share, compared with $21 million, or $0.20, in the year-ago quarter. Higher profit reflects lower operating expenses, which fell 18% from a year ago, and lower provisions for loan losses, partly offset by a $6 million decline in net interest income.
- GAAP net income of $25 million ($0.26 diluted EPS) for the quarter ended June 30, 2026, versus $14 million ($0.13) a year earlier
- Core Earnings net income of $27 million ($0.29 diluted EPS), versus $21 million ($0.20) a year earlier
- Private Education Loan originations of $815 million, a 63% increase from a year ago; operating expenses of $82 million, down 18%
- Company repurchased $2 million of common shares and paid $15 million in common stock dividends during the quarter
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.