SLM 8K Submission of Matters to a Vote of Security Holders

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 13, 2010

SLM CORPORATION

(Exact name of registrant as specified in its charter)


DELAWARE	File No. 001-13251	52-2013874
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

12061 Bluemont Way, Reston, Virginia 20190
(Address if principal executive offices)(zip code)

Registrant’s telephone number, including area code:(703) 810-3000

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.07. Submission of Matters to a Vote of Security Holders.

SLM Corporation (the “Company”) held its annual shareholders’ meeting on May 13, 2010. At the annual meeting, our shareholders (i) elected each of the persons listed below to serve as a director of the Company for a term that will continue until the next annual meeting of shareholders or until his or her successor has been duly elected and qualified or the director’s earlier resignation, death or removal, (ii) approved the amendment to its equity compensation plans to allow a one-time stock option exchange program excluding directors and named executive officers, and (iii) ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for 2010.

Our independent inspector of elections reported the vote of the shareholders as follows:

Proposal 1: Election of Directors.


							BROKER
	FOR		AGAINST		ABSTAIN		NON-VOTES

Ann Torre Bates		403,333,453		10,120,563		103,675		25,791,504
W. M. Diefenderfer III		404,059,979		9,401,062		96,650		25,791,504
Diane Suitt Gilleland		403,091,923		10,381,492		84,276		25,791,504
Earl A. Goode		406,764,586		6,697,387		95,718		25,791,504
Ronald F. Hunt		403,953,804		9,515,051		88,836		25,791,504
Albert L. Lord		404,117,195		9,355,269		85,227		25,791,504
Michael E. Martin		406,734,151		6,707,218		116,322		25,791,504
Barry A Munitz		403,437,452		10,010,279		109,960		25,791,504
Howard H. Newman		406,989,615		6,451,787		116,289		25,791,504
A. Alexander Porter, Jr.		387,680,017		25,788,140		89,534		25,791,504
Frank C. Puleo		407,008,775		6,353,061		195,855		25,791,504
Wolfgang Schoellkopf		402,684,389		10,766,856		106,446		25,791,504
Steven L. Shapiro		403,322,421		10,143,393		91,877		25,791,504
J. Terry Strange		406,778,952		6,684,165		94,574		25,791,504
Anthony P. Terracciano		406,984,938		6,477,388		95,365		25,791,504
Barry L. Williams		403,456,169		10,010,391		91,131		25,791,504

Proposal 2: Amendment to Equity Compensation Plans to Allow a One-Time Stock Option Exchange Program.


						Broker
Votes FOR		Votes AGAINST		Votes ABSTAIN		Non-Votes
	365,654,973		47,524,488		378,230		25,791,504

Proposal 3: To ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm.


						Broker
Votes FOR		Votes AGAINST		Votes ABSTAIN		Non-Votes
	433,417,398		5,835,381		96,416		0

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.


	SLM CORPORATION
Dated: May 19, 2010	By:	/s/ Mark L. Heleen
		Name:	Mark L. Heleen
		Title:	Executive Vice President and General Counsel

SLM (SLM) 8-KSubmission of Matters to a Vote of Security Holders