SLM Corporation
09/06/2024 | Press release | Distributed by Public on 09/06/2024 14:31
Management Change/Compensation Form 8 K
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Departure of Director
On September 3, 2024, Samuel T. Ramsey, a member of the Board of Directors (the "Board") of SLM Corporation (the "Company"), notified the Company of his decision to resign as a director of the Company effective immediately. In connection with his resignation from the Board, Mr. Ramsey also will no longer serve as a member of the Financial Risk Committee or the Operational and Compliance Risk Committee of the Board effective immediately. Mr. Ramsey's decision to resign from the Board is solely for personal reasons and is not the result of any disagreement with the Company's operations, policies or procedures, or any disagreements in respect of accounting principles or financial statement disclosures. As a result of Mr. Ramsey's resignation, the Board adopted a resolution on September 5, 2024, decreasing the size of the Board from twelve directors to eleven directors effective immediately.