UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As previously disclosed in a current report on Form 8-K filed with the Securities and Exchange Commission on January 13, 2025, Derek V. Brummer, President, Mortgage Insurance of Radian Group Inc. (the “Company”) notified the Company on January 8, 2025 of his decision to retire from his role and the Company, effective July 3, 2025.
On March 28, 2025, the Company and Mr. Brummer agreed to accelerate the date of Mr. Brummer’s retirement from his current role to April 21, 2025. Following his retirement from his current role, Mr. Brummer will remain with the Company to assist with transition matters through his previously disclosed retirement date from the Company on July 3, 2025.
Also as previously disclosed, Sumita Pandit, currently serving as Senior Executive Vice President, Chief Financial Officer of the Company, will become President and Chief Financial Officer of the Company upon Mr. Brummer’s retirement from his current role and, as such, will assume, in addition to her current responsibilities as Chief Financial Officer of the Company, responsibility for overseeing all aspects of the Company’s mortgage insurance business as of April 21, 2025.
The decision to accelerate the date of Mr. Brummer’s retirement from his current role is based on the progress made to date in preparing for this transition and is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RADIAN GROUP INC. | ||||||
| (Registrant) | ||||||
| Date: April 3, 2025 | By: | /s/ Edward J. Hoffman | ||||
| Edward J. Hoffman | ||||||
| General Counsel | ||||||