Business Context and Reporting Period
This Form 8-K filing by New Residential Investment Corp. (not Rithm Capital Corp.) reports on the results of the 2017 Annual Meeting of Stockholders held on May 25, 2017. The filing details the voting outcomes for the election of directors and the ratification of the independent registered public accounting firm.
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
Election of Directors
Stockholders elected two Class I directors to serve until the 2020 Annual Meeting. The voting breakdown was as follows:
- Alan Tyson: 152,021,198 votes for; 8,825,450 votes against; 368,611 abstentions.
- David Saltzman: 158,615,616 votes for; 2,237,602 votes against; 360,541 abstentions.
- Broker Non-Votes: 102,091,511 shares were recorded as broker non-votes for both nominees, as brokers lacked discretionary authority to vote on director elections without specific instructions.
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, 2017. The voting breakdown was as follows:
- Votes For: 259,905,354
- Votes Against: 2,026,580
- Abstentions: 1,374,836
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to reporting the submission of matters to a vote of security holders.
Investor Verification Checklist
- Verify the identity of the registrant as New Residential Investment Corp., distinct from Rithm Capital Corp.
- Confirm the tenure of the newly elected Class I directors (Alan Tyson and David Saltzman) through the 2020 Annual Meeting.
- Note the significant number of broker non-votes (approx. 102 million shares) regarding the director election, indicating a lack of voting instructions from beneficial owners.
- Confirm the ratification of Ernst & Young LLP as the auditor for the fiscal year ending December 31, 2017.