00009331362021-03-252021-03-25
UNITED STATESSECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): March 29, 2021 (March 25, 2021)
Mr. Cooper Group Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
| | 001-14667
| | 91-1653725
|
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
8950 Cypress Waters Blvd.
Coppell, TX 75019
(Address of Principal Executive Offices, and Zip Code)
469-549-2000
Registrant’s Telephone Number, Including Area Code
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 (see General Instruction A.2. below):
| | ☐
| Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | ☐
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| | ☐
| Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | ☐
| Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Securities registered pursuant to Section 12(b) of the Act: |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, $0.01 par value per share
| COOP
| The Nasdaq Stock Market
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ |
On March 25, 2021, the Board of Directors of Mr. Cooper Group Inc. (the “Company”) authorized an increase under the Company’s previously announced stock repurchase program from $100 million to $210 million. The other terms and conditions of the stock repurchase plan remain in full force and effect.
On March 26, 2021, pursuant to a stock purchase agreement, the Company purchased 3,700,000 shares of its common stock from affiliates of Kohlberg Kravis Roberts & Co. L.P., for total consideration of $119.3 million or $32.25 per share.
Following this transaction, the Company disclosed that the remaining capacity on the stock repurchase authorization was approximately $3.8 million.
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.
| | | |
| | Mr. Cooper Group Inc. |
| | | |
| Date: March 29, 2021 | By: | /s/ Christopher G. Marshall |
| | | Christopher G. Marshall Vice Chairman & Chief Financial Officer |
