Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
RDN > SEC Filings for RDN > Form 8-K on 19-Nov-2013All Recent SEC Filings

Show all filings for RADIAN GROUP INC

Form 8-K for RADIAN GROUP INC


19-Nov-2013

Change in Directors or Principal Officers


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

(e) Amendment to Radian Group Inc. Voluntary Deferred Compensation Plan for Officers

On November 13, 2013, the Board of Directors (the "Board") of Radian Group Inc. (the "Company"), upon the recommendation of the Compensation and Human Resources Committee (the "Committee") of the Board, approved the amended and restated Radian Voluntary Deferred Compensation Plan for Officers (the "Deferred Compensation Plan"). The Company amended and restated the Deferred Compensation Plan to provide eligible officers of the Company (including the Company's named executive officers) with the ability to defer the receipt of cash or shares (the "RSU Payout Deferral") associated with the vesting of Restricted Stock Units ("RSUs"). Among other things, the amended and restated Deferred Compensation Plan provides that:

Officers may elect an RSU Payout Deferral for currently outstanding performance-based RSU awards as well as RSU awards that may be granted in the future, subject in each case to requirements under the Internal Revenue Code of 1986, as amended (the "Code");

Executive officers may elect to receive the RSU Payout Deferral in either a lump sum or up to five annual installments;

For RSUs that are payable in shares of the Company's common stock (with the number of shares to be determined on the applicable vesting date in accordance with the performance-based RSU award), the RSU Payout Deferral will be paid in shares of the Company's common stock on the payment date elected at the time of deferral, subject to certain conditions as specified in the Deferred Compensation Plan; and

For RSUs that are payable in cash (with such amount to be determined on the applicable vesting date in accordance with the performance-based RSU award), the vested amount will be converted to a notional cash dollar amount on the vesting date and invested by the officer in accordance with the terms of the Deferred Compensation Plan.

Other than the timing of when cash or shares may be received by participants, the RSU Payout Deferral will not otherwise affect currently outstanding performance-based RSU awards, which will continue to be administered and paid-out in accordance with the terms of the RSU awards and the Company's equity compensation plan.

In addition to the foregoing, the amended and restated Deferred Compensation Plan also eliminates references to certain "Grandfathered Deferrals" (as defined in the Deferred Compensation Plan) that have been paid out in accordance with the terms of plan and includes other clarifying amendments related to the administration of the plan.

The foregoing summary is not a complete description of the Deferred Compensation Plan and is qualified in its entirety by reference to the full text of the plan, which the Company plans to file as an exhibit to its Annual Report on Form 10-K for the year ended December 31, 2013.


  Add RDN to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for RDN - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.