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    Onity Group Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    11/21/24 4:15:24 PM ET
    $ONIT
    Finance: Consumer Services
    Finance
    Get the next $ONIT alert in real time by email
    false 0000873860 0000873860 2024-11-15 2024-11-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

     

    Date of Report (Date of earliest event reported): November 15, 2024

     

    ONITY GROUP INC.

    (Exact name of registrant as specified in its charter)

     

    Florida   1-13219   65-0039856
    (State or other jurisdiction   (Commission   (IRS Employer
    of incorporation)   File Number)   Identification No.)

     

    1661 Worthington Road, Suite 100

    West Palm Beach, Florida 33409

    (Address of principal executive offices)

     

    Registrant’s telephone number, including area code: (561) 682-8000

     

     

    (Former name or former address, if changed since last report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
       
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
       
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
       
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading Symbol(s)   Name of each exchange on which registered
    Common Stock, $0.01 Par Value   ONIT   New York Stock Exchange (NYSE)

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ☐

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

     
     

     

    Item 8.01 Other Events

     

    As previously disclosed, pursuant to the terms of prior amendments to subservicing agreements between Onity Group Inc. (“Onity”) and Rithm Capital Corp. (“Rithm”), if by November 15, 2024 Rithm did not provide notice to Onity of non-renewal of the agreements, the agreements would automatically renew for an additional one-year period ending December 31, 2025. On November 15, 2024, the parties further extended the date by which Rithm must provide notice of termination to November 22, 2024. The current term of the subservicing agreements ends February 1, 2025.

     

    Item 9.01 Financial Statements and Exhibits.

     

    (d) Exhibits

     

    Exhibit

    Number

      Description
         
    104   Cover Page Interactive Data File formatted in online XBRL (included as Exhibit 101)

     

     
     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

     

      ONITY GROUP INC.
      (Registrant)
         
    Date: November 21, 2024 By: /s/ Sean B. O’Neil
        Sean B. O’Neil
        Chief Financial Officer

     

     

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