SEC Filing Summary: New Residential Investment Corp. (NRZ)
Business Context and Reporting Period
This Form 8-K Current Report, filed on May 24, 2019, covers events occurring on May 23, 2019, at the 2019 Annual Meeting of Stockholders for New Residential Investment Corp. (NRZ). The filing details the results of three specific matters submitted to a vote by security holders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The following matters were voted upon at the Annual Meeting:
- Election of Directors: Stockholders elected three Class III directors (Douglas L. Jacobs, Robert J. McGinnis, and Andrew Sloves) to serve until the 2022 Annual Meeting. Significant broker non-votes (161,338,921 shares) were recorded for this proposal.
- 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, 2019.
- Majority Voting Proposal: Stockholders approved a non-binding proposal to adopt "majority voting" in uncontested elections of directors.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. The document is limited to the tabulation of votes.
Key Facts for Investor Verification
- Broker Non-Votes: Verify the impact of 161,338,921 broker non-votes on the director election and majority voting proposal, as brokers lacked discretionary authority on these non-routine matters.
- Director Support Levels: Note the variance in support for director nominees; Douglas L. Jacobs received significantly fewer withheld votes (5.28M) compared to Robert J. McGinnis and Andrew Sloves (approx. 42.3M each).
- Non-Binding Nature: Confirm that the "majority voting" proposal was non-binding, meaning its adoption is subject to further board action.
- Company Identity: Ensure analysis is applied to New Residential Investment Corp. (NRZ), as the request metadata incorrectly referenced "Rithm Capital Corp."