WAYNE, PA — Radian Group Inc. (NYSE: RDN) has announced that its stockholders have re-elected all eleven directors of the company, who serve one-year terms and are elected annually. This decision was made during the 2024 Annual Meeting held on May 22.
Gaetano (Guy) J. Muzio, a director since 2012, retired at the end of his term following the meeting. Muzio played a significant role in strengthening Radian’s position in the mortgage and real estate industries.
“Guy’s extensive background in finance and mortgage credit, and his thorough and judicious analysis, have been tremendously valuable for the Board. His work will have a lasting impact on Radian’s future success. All of us are deeply thankful to Guy for his contributions and wish him all the best in the future,” said Howard B. Culang, Non-Executive Chairman of the Board.
In addition to the election of directors, stockholders approved all other proposals recommended by the Board. These included the approval of executive compensation packages, known as “say-on-pay,” and the ratification of PricewaterhouseCoopers LLP as the company’s independent auditors for 2024.
Chief Executive Officer Rick Thornberry addressed the attendees at the Annual Meeting. “For more than 45 years, Radian has successfully managed mortgage credit risk through economic cycles and interest rate fluctuations. I am proud of the role we play in the housing market in helping more mortgage-ready borrowers, including historically underserved households, obtain access to affordable mortgage credit. Our team is driven to achieving our mission of expanding access to affordable, responsible, and sustainable homeownership, as well as reducing the friction of homebuying through technology, and I remain excited about our future.”
Radian Group’s continued focus on its mission shows its commitment to providing accessible mortgage solutions and leveraging technology to ease the homebuying process. The re-election of the board and the retirement of Muzio mark significant milestones as the company looks forward to future growth and innovation.
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