Business Context and Reporting Period
This Form 8-K Current Report was filed by OneMain Holdings, Inc. on February 13, 2018, reporting an event that occurred on February 7, 2018. The filing addresses corporate governance changes regarding the designation of executive officers.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 5.02 regarding officer designations and contains no financial data.
Material Changes
On February 7, 2018, the Board of Directors determined not to designate the following individuals as "executive officers" under Rule 3b-7 of the Securities Exchange Act of 1934:
- Bradford D. Borchers (Executive Vice President, Branch Operations)
- David P. Hogan (Executive Vice President, Credit and Analytics)
Both Messrs. Borchers and Hogan continue in their current roles and responsibilities.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Two senior executives (Borchers and Hogan) were removed from the "executive officer" designation for SEC reporting purposes.
- Neither executive departed the company; both remain in their existing positions.
- The change was effective as of February 7, 2018.