Radian Reports Results of 2020 Annual Meeting of Stockholders
Radian (News - Alert) Group Inc. (NYSE:RDN) announced today that its stockholders re-elected ten directors, who serve one-year terms and are elected annually. As previously disclosed, David Carney, a director of the company since 1992, retired at the end of his current term following today's 2020 Annual Meeting and, effective upon his retirement, the size of the Board was reduced to ten directors.
In addition to the election of directors, the company's stockholders approved all other proposals recommended by the Board of Directors and presented for vote at Radian's 2020 Annual Meeting, including an advisory proposal to approve the compensation of Radian's named executive officers and ratification of the appointment of PricewaterhouseCoopers (News - Alert) LLP as the company's independent auditors for 2020.
Radian also announced the approval by the company's Board of Directors for a regular quarterly dividend on its common stock in the amount of $0.125 per share, payable on June 5, 2020 to stockholders of record as of May 26, 2020.
Chief Executive Officer Rick Thornberry addressed the attendees of Radian's Annual Meeting by stating, "As a diversified mortgage and real estate services business, our products and services have responsibly helped millions of families achieve their dream of homeownership in a sustainable way for nearly 45 years. I am proud of all that we accomplished in 2019, and even prouder of our team's ability during this unprecedented time to operate effectively, with minimal disruption to our businesses or the services we provide to our customers."