Radian Stockholders at Annual Meeting Re-elect Directors, Approve Executive Compensation & All Other Proposals; Company Decla...
11 May 2017 - 6:30AM
Business Wire
Radian Group Inc. announced today that its stockholders
re-elected ten directors, who serve one-year terms and are
re-elected annually. The company’s stockholders approved all
proposals recommended by the Board of Directors and presented for
vote at Radian’s 2017 Annual Meeting, including an advisory
proposal to approve the compensation of Radian’s named executive
officers, a proposal to conduct annual advisory votes to approve
the compensation of Radian’s named executive officers, a proposal
to approve the amended and restated Radian Group Inc. Equity
Compensation Plan and ratification of the appointment of
PricewaterhouseCoopers LLP as the company’s independent auditors
for 2017.
Radian also announced that the company’s Board of Directors
approved a regular quarterly dividend on its common stock in the
amount of $0.0025 per share, payable on June 5, 2017 to
stockholders of record as of May 22, 2017.
Chief Executive Officer Rick Thornberry addressed the attendees
of Radian’s Annual Meeting by stating, “Last year, we wrote the
highest volume of new flow mortgage insurance business in Radian’s
history, which helped fuel the growth in our insurance in force
portfolio. And this year, we are celebrating an important
milestone: 40 years of helping families achieve their dream of
sustainable homeownership.”
Thornberry added, “Looking ahead, we will leverage our core
expertise in credit risk management and mortgage and real estate
services to deliver the products and services our customers need to
succeed, and to create long-term value for our stockholders.”
ABOUT RADIAN
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance, risk management products and
real estate services to financial institutions. Radian offers
products and services through two business segments:
- Mortgage Insurance, through its
principal mortgage insurance subsidiary Radian Guaranty Inc. This
private mortgage insurance protects lenders from default-related
losses, facilitates the sale of low-downpayment mortgages in the
secondary market and enables homebuyers to purchase homes more
quickly with downpayments less than 20%.
- Mortgage and Real Estate
Services, through its principal services subsidiary Clayton, as
well as Green River Capital, Red Bell Real Estate and ValuAmerica.
These solutions include information and services that financial
institutions, investors and government entities use to evaluate,
acquire, securitize, service and monitor loans and asset-backed
securities.
Additional information may be found at www.radian.biz.
FORWARD-LOOKING STATEMENTS
Some of the statements in this press release may constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities and
Exchange Act of 1934 and the United States Private Securities
Litigation Reform Act of 1995. Words such as "will," "expects,"
"believes" and similar expressions are used to identify these
forward-looking statements. These forward-looking statements, which
may include without limitation, projections regarding our future
performance and financial condition, are made on the basis of
management’s current views and assumptions with respect to future
events. Any forward-looking statement is not a guarantee of future
performance and actual results could differ materially from those
contained in the forward-looking statement. These statements speak
only as of the date they were made, and we undertake no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. We operate
in a changing environment. New risks emerge from time to time and
it is not possible for us to predict all risks that may affect us.
For more information regarding these risks and uncertainties as
well as certain additional risks that we face, you should refer to
the Risk Factors detailed in Item 1A of our Annual Report on Form
10-K for the year ended December 31, 2016, and subsequent reports
and registration statements filed from time to time with the
Securities and Exchange Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170510006500/en/
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
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