Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 10, 2022, the Board of Directors (the "Board") of Mr. Cooper Group
Inc. (the "Company") appointed Daniela Jorge as a Director of the Company for a
term ending at the 2022 annual meeting of stockholders. Ms. Jorge currently
serves as Vice President and Chief Design Officer at PayPal, a leading financial
technology company and online payments system.
Ms. Jorge's background includes 15 years of leading user experience design at
top consumer brands including PayPal, AT&T, eBay and Intuit. Additionally, Ms.
Jorge serves on the board of directors of BayBrazil, a non-profit technology
company, and as a board advisor at Loft Brasil, Tecnologia LTDA, a
privately-held Brazilian real estate digital platform company.
For her service on the Board, Ms. Jorge will receive a $125,000 annual fee for
each twelve-month period that she serves on the Board. On May 19, 2022, the date
of the Company's annual stockholders meeting, Ms. Jorge will be granted
restricted stock units with a fair market value of $110,000 and will receive an
additional grant of $27,500 of restricted stock units for her service on the
Board from February through April. The restricted stock units vest on the
earlier of (i) the first anniversary of the grant date or (ii) the date of the
Company's next annual stockholders meeting following the grant date.
A copy of the press release announcing Ms. Jorge's appointment is attached as
Exhibit 99.1
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release of Mr. Cooper Group Inc., dated February 10, 2022
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