Business Context and Reporting Period
This Form 8-K reports on the results of the 2016 Annual Meeting of Stockholders for New Residential Investment Corp., held on May 26, 2016. The filing was submitted on May 27, 2016. Note: The request metadata references "Rithm Capital Corp.," but the filing text explicitly identifies the registrant as "New Residential Investment Corp."
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Stockholders voted on two primary matters:
- Election of Directors: Stockholders elected Douglas L. Jacobs as the sole Class III director to serve until the 2019 Annual Meeting.
- Votes For: 116,264,054
- Abstentions: 211,176
- Broker Non-Votes: 80,742,838
- Ratification of Auditors: Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2016.
- Votes For: 201,086,072
- Votes Against: 2,532,181
- Abstentions: 464,358
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of voting outcomes.
Key Facts for Investor Verification
- Verify the correct registrant name is New Residential Investment Corp., not Rithm Capital Corp.
- Confirm the significant number of broker non-votes (80,742,838) regarding the director election, which occurred because brokers lacked discretionary authority on this non-routine matter.
- Note the substantial vote count against the auditor ratification (2,532,181) relative to the total votes cast.
- Confirm the term of the newly elected director extends through the 2019 Annual Meeting.