Toggle SGML Header (+)


Section 1: 8-K (OFFICER RESIGNATION)

Document

UNITED STATES
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):
January 10, 2017 (January 9, 2017)

NATIONSTAR MORTGAGE HOLDINGS INC.
(Exact name of registrant as specified in its charter)

Delaware
001-35449
45-2156869
(State of Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
8950 Cypress Waters Boulevard
Coppell, TX 75019
(Address of principal executive offices)

(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:

[ ]    Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
    240.14d-2(b))

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








Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Nationstar Mortgage Holdings Inc. (the “Company”) announced today certain leadership appointments which are effective January 9, 2017.

Mahir Patel has been appointed to serve as the Company’s Executive Vice President & Chief Risk Officer and will lead the enterprise-wide risk management functions at the Company. Mr. Patel has extensive banking, legal, regulatory and operational enterprise-wide risk management experience. Most recently, Mr. Patel worked for Capital One Bank where he held many senior executive leadership roles specifically related to enterprise and operational risk. Mr. Patel also held senior executive leadership roles at PNC Bank and practiced corporate law at a top tier international law firm.
Ramesh Lakshminarayanan, who has served as Executive Vice President and Chief Risk Officer since 2012, will be assuming the position of Executive Vice President & Chief Business and Analytics Officer.
A copy of the Press Release issued by the Company is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.


Item 9.01
Financial Statements and Exhibits.

(d) Exhibits    

Exhibit
Number
  
Description
 
 
99.1
  
Press release of Nationstar Mortgage Holdings Inc., dated January 10, 2017.
 
 
 





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.
 
 
 
 
 
 
 
 
 
 
 
Nationstar Mortgage Holdings Inc.
 
 
 
 
Date: January 10, 2017
 
 

By:
/s/ Robert D. Stiles
 
 
 
 
 
 
Robert D. Stiles
 
 
 
 
 
 
Chief Financial Officer

































EXHIBIT INDEX
 
Exhibit
Number
  
Description
 
 
99.1
  
Press release of Nationstar Mortgage Holdings Inc., dated January 10, 2017.



(Back To Top)

Section 2: EX-99.1 (PRESS RELEASE)

Exhibit
37460875_logoa05.jpg

FOR IMMEDIATE RELEASE


Nationstar Mortgage Appoints New Chief Risk Officer
Former Capital One Bank Executive Mihir Patel to Lead NSM’s Enterprise-wide Risk Management
Dallas, TX (January 10, 2017) - Nationstar Mortgage Holdings Inc. (NYSE: NSM or “Nationstar”) announced today that Mihir Patel has joined Nationstar as the company’s new EVP and Chief Risk Officer. Patel, who held risk-related leadership roles at Capital One Bank, will lead the enterprise-wide risk management functions at Nationstar. He will also be a member of the executive management team.
“Mihir is a great addition to our team, bringing direct experience with highly-diversified and complex financial institutions, and critical knowledge of the regulatory environment,” said Jay Bray, Chairman and CEO of Nationstar. "As Nationstar continues to deepen customer relationships, Mihir will be an important partner in ensuring that risk management continues to be a key priority for our business."
Mihir has extensive banking, legal, regulatory and operational enterprise-wide risk management experience. Most recently, Mr. Patel worked for Capital One Bank where he held many senior executive leadership roles specifically related to enterprise and operational risk. Mihir also held senior executive leadership roles at PNC Bank and practiced corporate law at a top tier international law firm.
Former Chief Risk Officer Ramesh Lakshminarayanan is now serving as the Chief Business and Analytics Officer and will continue reporting to Jay Bray.
“As we strive to become the benchmark in service for the mortgage industry, data and analytics must play a critical role in helping us to better understand our customers, what they need and where their pain points are,” Bray noted. “In this role, Ramesh will be able to tap into his vast knowledge of our business having served as our Chief Risk Officer for four years, as well as his capabilities in analytics, to deliver deeper consumer insights. I am grateful for his continued dedication to Nationstar and I am excited to see how his expertise and insights will lead to an even better customer experience.”

About Nationstar
Based in Dallas, Texas, Nationstar provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States. With experience spanning more than 20 years, Nationstar is one of the largest servicers in the country. Additional details about Nationstar can be found at www.mynationstar.com.

Contact:
Robert Stiles
(972) 316-5383
# # #

(Back To Top)