Radian Reports Results of 2021 Annual Meeting of Stockholders
Radian Group Inc. (NYSE: RDN) announced the re-election of ten directors at its 2021 Annual Meeting, along with the approval of all proposed resolutions, including executive compensation and a new equity compensation plan. CEO Rick Thornberry reported record-breaking business levels in the Mortgage Segment despite the challenges of 2020. The company also declared a quarterly dividend of $0.14 per share, up 12% from the previous payment. Radian continues to focus on sustainable homeownership through its diverse services in mortgage insurance and real estate.
- Re-elected ten directors, ensuring continuity in leadership.
- Approved a new equity compensation plan, possibly enhancing employee motivation.
- Record-breaking levels of new business in the Mortgage Segment.
- 12% increase in quarterly dividend to $0.14 per share, reflecting strong cash flow.
- None.
Radian Group Inc. (NYSE: RDN) announced today that its stockholders re-elected ten directors, who serve one-year terms and are elected annually.
In addition to the election of directors, the company’s stockholders approved all other proposals recommended by the Board of Directors and presented for vote at Radian’s 2021 Annual Meeting, including an advisory proposal to approve the compensation of Radian’s named executive officers, a new equity compensation plan for Radian and ratification of the appointment of PricewaterhouseCoopers LLP as the company’s independent auditors for 2021.
Chief Executive Officer Rick Thornberry addressed the attendees of Radian’s Annual Meeting by stating, “As a diversified mortgage and real estate services business, our products and services have responsibly helped millions of families achieve their dream of homeownership in a sustainable way for nearly 45 years. As we look back at last year, it is safe to say that 2020 did not play out as planned. Despite these challenges, including shifting to a largely virtual work environment, we were able to write record-breaking levels of new business in our Mortgage Segment and grow revenues in our Real Estate Segment.”
Thornberry added, “Our One Radian team has shown an unfaltering commitment to our customers, our company and to each other as we have worked together to successfully navigate this challenging environment. Looking ahead, we are encouraged by the continued signs of improvement in the overall economy, as well as the positive momentum in the housing market and the favorable credit trends within our portfolio.”
As announced earlier this month, the company’s Board of Directors approved a quarterly dividend of
About Radian
Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Visit www.radian.com to learn more about how Radian is shaping the future of mortgage and real estate services.
Forward-looking Statements
All statements in this press release that address events, developments or results that we expect or anticipate may occur in the future are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act and the U.S. Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements may be identified by words such as “anticipate,” “may,” “will,” “could,” “should,” “would,” “expect,” “intend,” “plan,” “goal,” “contemplate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “seek,” “strategy,” “future,” “likely” or the negative or other variations on these words and other similar expressions. These 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 where 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 other additional risks that we face, you should refer to the Risk Factors detailed in Item 1A in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent reports filed from time to time with the U.S. Securities and Exchange Commission.
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FAQ
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