Radian Stockholders at Annual Meeting Re-elect Directors, Approve Executive Compensation and All Other Proposals; Company Declares Regular Quarterly Dividend on Common Stock
PHILADELPHIA--(BUSINESS WIRE)--May 15, 2019--
Radian Group Inc. (NYSE: RDN) announced today that its stockholders re-elected nine directors, who serve one-year terms and are elected annually. As previously disclosed, Stephen T. Hopkins, a director of the company since 1999, retired at the end of his current term following today’s 2019 Annual Meeting and, effective upon his retirement, the size of the Board was reduced to nine directors.
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 2019 Annual Meeting, including an advisory proposal to approve the compensation of Radian’s named executive officers and ratification of the appointment of PricewaterhouseCoopers LLP as the company’s independent auditors for 2019.
Radian also announced the approval by the company’s Board of Directors for a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on June 7, 2019 to stockholders of record as of May 27, 2019.
Chief Executive Officer Rick Thornberry addressed the attendees of Radian’s Annual Meeting by stating, “For more than 40 years, Radian has helped to ensure the American dream of homeownership with industry-leading mortgage insurance products. In recent years, we have built upon this tradition of responsible and sustainable homeownership by expanding our suite of mortgage and real estate services. Looking ahead, we believe we are well positioned for the future under our ONE Radian brand to drive strong growth, increase value creation and provide attractive stockholder returns.”
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, real estate, and title services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Learn more about Radian’s financial strength and flexibility at www.radian.biz and visit www.radian.com to see how Radian is shaping the future of mortgage and real estate services.
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 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, 2018, and subsequent reports filed from time to time with the U.S. Securities and Exchange Commission.
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CONTACT: Emily Riley – Phone: 215.231.1035
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE INSURANCE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Radian Group Inc.
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PUB: 05/15/2019 04:30 PM/DISC: 05/15/2019 04:30 PM