Navient Corporation - NAVI STOCK NEWS

Navient (NAVI) has completed the sale of its Government Services business to an affiliate of Gallant Capital Partners, a Los Angeles-based investment firm. The transaction includes the transfer of Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery, and Navient BPO, along with approximately 1,200 employees. This strategic move marks Navient's complete exit from the business processing solutions sector.

Earnest, a fintech company focused on financial solutions for professionals and students, has appointed Emily Childers as Chief Marketing Officer (CMO). Childers brings nearly two decades of experience, most recently serving as Head of Growth Marketing at Intuit Credit Karma, where she led acquisition, engagement, and monetization strategies.

In her new role, Childers will oversee all aspects of marketing, including brand, growth, and communications. Her appointment comes at a important time, as the company addresses rapid changes in student loan landscapes, with the average 2024 graduate facing nearly $40,000 in loans. Childers will implement a data-driven, personalized approach to deliver targeted messaging and scale Earnest's reach.

CAE Inc. announced significant changes to its Board of Directors, effective February 14, 2025. Calin Rovinescu has been appointed as the new Chair of the Board, alongside three new directors: Peter Lee, Katherine A. Lehman, and Louis Têtu. These appointments maintain the Board size at 13 members, as they coincide with the retirement of four existing directors: Alan N. MacGibbon (former Chair), Margaret S. Billson, François Olivier, and David G. Perkins.

The appointments follow consultations with stakeholders and reflect the Board's ongoing composition review. Notably, CDPQ, a major shareholder, nominated Têtu, while Browning West, LP nominated Lee. Peter Lee and Mary Lou Maher will co-chair the CEO Search Committee, working with Rovinescu to continue the recruitment process previously managed by the Board's Human Resources Committee.

Navient (NAVI) announced the release of its fourth quarter 2024 financial results. The company will host a live audio webcast on January 29, 2025, at 8 a.m. ET, featuring presentations from David Yowan (President and CEO), Edward Bramson (Vice Chair of Board), and Joe Fisher (CFO).

Analysts and investors interested in asking questions must pre-register at Navient.com/investors at least 15 minutes before the start time. Others can join in listen-only mode directly through the website. Supplemental financial information and presentation slides will be available at the start of the webcast, with a replay available approximately two hours after the event concludes.

Navient (NAVI) has scheduled the release of its 2024 fourth quarter and year-end financial results on Wednesday, January 29, 2025. The results will be released at 7:00 a.m. Eastern Time, followed by an audio webcast at 8:00 a.m. Eastern Time to review the results.

The financial results will be available on Navient's investor website and filed with the SEC on Form 8-K. Analysts and investors who wish to participate in the Q&A must pre-register before the webcast. Those interested in listen-only mode can access the webcast directly through the company's investor website. Presentation slides will be available, and a replay will be accessible approximately two hours after the event concludes.

Gallant Capital Partners has announced a definitive agreement to acquire Navient 's (NAVI) Government Services business (NGS). The acquisition target, NGS, specializes in tech-enabled outsourced business processing for U.S. government clients, with leadership positions in tolling and parking technology services. The company also provides critical services including call center support, revenue recovery, program management, and payment processing.

The transaction is anticipated to close in Q1 2025, subject to certain conditions. This deal marks Gallant's second corporate carveout within the past year and will be the third platform investment from Gallant Capital Partners II fund.

Navient (NAVI) has announced an agreement to sell its Government Services business to Gallant Capital Partners, The sale encompasses multiple business units including Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery, and Navient BPO. The transaction, which will involve approximately 1,200 employees, is expected to close in the first quarter of 2025, subject to certain conditions. Houlihan Lokey and WilmerHale served as advisors to Navient on the transaction.

Navient (NAVI) has announced its fourth quarter dividend for 2024. The company's board of directors has approved a dividend payment of $0.16 per share on common stock. The dividend will be distributed on December 20, 2024, to shareholders who are on record as of the close of business on December 6, 2024.

Navient (NAVI) has announced the release of its 2024 third quarter financial results. The company will host a live audio webcast on October 30, 2024, at 8 a.m. ET, featuring CEO David Yowan and CFO Joe Fisher. Complete financial results are accessible on Navient's website and will be filed with the SEC via Form 8-K. Analysts and investors wanting to participate must pre-register 15 minutes before the webcast, while others can join in listen-only mode without registration. Supplemental materials will be available at the start of the call, with a replay accessible approximately two hours after conclusion.