8-K

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

	June 6, 2014
Date of Report (Date of earliest event reported)

NOVATION COMPANIES, INC.

(Exact name of registrant as specified in its charter)

Maryland	001-13533	74-2830661
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

2114 Central Street, Suite 600, Kansas City, MO 64108

(Address of principal executive offices) (Zip Code)

(816) 237-7000

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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 (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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

Item 7.01. Regulation FD Disclosure.

At the annual meeting of shareholders of Novation Companies, Inc. (the “Company”) on June 6, 2014, management gave a presentation containing financial information relating to the Company. A copy of the relevant information is attached to this Current Report on Form 8-K (the “Current Report”) as Exhibit 99.1.

The Securities and Exchange Commission (“SEC”) encourages companies to disclose forward-looking information so that investors can better understand the future prospects of a company and make informed investment decisions. This release contains these types of statements which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are those that predict or describe future events, do not relate solely to historical matters and include statements regarding management’s beliefs, estimates, projections, and assumptions with respect to, among other things, our future operations, business plans and strategies, as well as industry and market conditions, all of which are subject to change at any time without notice. Words such as “believe,” “expect,” “anticipate,” “promise,” “plan,” and other expressions or words of similar meanings, as well as future or conditional auxiliary verbs such as “would,” “should,” “could,” or “may” are generally intended to identify forward-looking statements. Actual results and operations for any future period may vary materially from those discussed herein. Some important factors that could cause actual results to differ materially from those anticipated include: our ability to manage our business; variability in the home mortgage or refinancing market that affects the demand for real estate appraisal services; changes in the regulatory environments within which our subsidiaries operate; our ability to develop new relationships and maintain existing relationships with both customers and business partners; decreases in cash flows from our mortgage securities; our ability to remain in compliance with the agreements governing our indebtedness; the outcome of litigation actions pending against us or other legal contingencies; our compliance with applicable local, state and federal laws and regulations; compliance with new accounting pronouncements; the impact of general economic conditions; and the risks that are from time to time included in our filings with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Other factors not presently identified may also cause actual results to differ. We expressly disclaim any duty to update the information herein except as required by federal securities laws.

The information in this Current Report, including Exhibit 99.1, is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. The furnishing of the information in this Current Report, including Exhibit 99.1, is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information this Current Report, including Exhibit 99.1, contains is material investor information that is not otherwise publicly available.

Item 9.01 Financial Statements and Exhibits.

99.1 Presentation slides dated June 6, 2014 discussing financial information related to the Company.

SIGNATURE

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 thereunto duly authorized.

	NOVATION COMPANIES, INC.
DATE: June 6, 2014	/s/ Rodney E. Schwatken Rodney E. Schwatken Chief Financial Officer

EX-99.1

NOVATION COMPANIES, INC. Annual Shareholders Meeting June 6, 2014

Cautionary Notice about Forward-Looking Statements 2 This presentation contains, and our other communications may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. All forward- looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2013 and our subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement made by us speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise in the future.

3 Transition & Vision

Decision to Sell StreetLinks • Our decision to sell StreetLinks centered on: – The cyclical nature of the mortgage business and our modest capital base make it a higher risk business to own as our primary operating subsidiary – We believe that CorvisaCloud represents the best opportunity for Novation to build long-term shareholder value 4

What’s Going on with Advent • Evaluating our alternatives with the goal of exiting the business • Will allow us to focus 100% of time and resources on CorvisaCloud 5

Our Go Forward Strategy • Focus on growing CorvisaCloud – Near term focus on growing number of customers and revenue – Invest in marketing and sales for growth and continued product enhancement for competitive advantage – Company will operate at a loss over the near term as it invests for long term growth • Position ourselves to the equity markets as a technology business – Start to tell the story through effective PR and investor relations • Evaluate tack-on acquisitions – Enhance CorvisaCloud’s product offering – Grow CorvisaCloud’s customer base • Why CorvisaCloud – Large market with significant opportunity for growth as the industry transitions to cloud-based solutions 6

Contact Center Market Size 2010 2011 2012 2013 2014 2015 2016 Total Cloud Based Seats 483,875 871,717 1,155,172 1,501,723 1,907,188 2,364,913 2,885,194 Total Worldwide CC Seats 14,000,000 14,840,000 15,804,600 16,721,267 17,607,494 18,523,084 19,486,284 Adoption Rate 3.5% 5.9% 7.3% 9.5% 11.4% 13.4% 15.6% 7 Actual Projected Source: DMG Consulting, LLC December 2013

PBX Market Size • A February 2012 research report from Insight Research contains several noteworthy statistics: – Market Size – The current total market size for business telephone lines is 72 million lines (although not an exact match, for purposes of comparison, I am going to assume that a business line is equivalent to a PBX seat). – SMEs Dominate – The market is broken down as 41 million lines for SMEs (that is, businesses with fewer than 100 employees), and 31 million lines for businesses with more than 100 employees. – Growth – The demand for business lines will grow at a 25% annual rate between now and 2015. – Revenue – The dollar value of these lines was $500 Million in 2011 and will grow to $1.2 Billion in 2015. – Low Penetration – As of the end of 2010, VoIP service providers controlled only 4% of this market. 8

Three Primary Divisions Product Division – Full product suite of cloud- based contact center technologies – Full PBX standalone solution – SIP Trunking Platform Division – Enterprise-class platform for customizing communications applications Professional Services – Contact center and technology consulting – Salesforce.com CRM consulting and implementations – Serves as a lead source for product division 9

Sources of Revenue Product License Fee Minutes Other Usage Fees Per Hour Fee Contact Center Software X X PBX – standalone X X Platform X x SIP Trunking X Professional Services X 10 Contact Center Software product includes PBX, Platform and SIP Trunking PBX – standalone includes Platform and SIP Trunking

Competitive Advantage Product Competitive Advantage Contact Center Software The only product/platform combination in the market today. Combines industry best product with the ability to customize to fit unique business needs of customers. Easy to use with better functionality than more complex systems. PBX – standalone Backed by world class security, redundant data centers, and enterprise SLAs giving us an advantage in network reliability and security. Platform Gives customers the ability to customize our product offering to conform to their unique business needs. Allows developers to build complex, scalable telephony applications without spending capital on the foundational feature set or infrastructure. SIP Trunking Backed by world class security, redundant data centers, and enterprise SLAs giving us an advantage in network reliability and security. Used as a foot in the door with new customers with the goal of cross-selling other products. Simple and quick online sign- up and set up. 11

12 CorvisaOne™ Suite

CorvisaOne™ Product/Platform 13 CorvisaOne Platform IVR Inbound Contact Center Outbound Contact Center Campaign Mgmt ACD Web-based Click to Dial Advanced Graphical Voicemail Social Media Monitoring Business Analytics Current: Salesforce Sample Vendor #1 Sample Internal and Third-Party Apps CorvisaOne Products PBX/Phone Registration Lead Nurturing Rules Engine Blended Contact Center Solution Integrated Vendors

CorvisaOne™ Suite: Outbound Connect to prospects and customers faster: – Dynamic call campaign management – Automated dialers – Multi-touch lead nurturing • Full rule distribution engine to manage leads – Native Salesforce integration – Contact management 14

CorvisaOne™ Suite: Inbound Deliver amazing customer experiences with ease: – IVR and ACD for advanced inbound call routing • On-demand queue management • Call overflow support – Remote workforce support – Native Salesforce integration 15

CorvisaOne™ Suite: PBX Business phone for a new era: – Enterprise features • 100% online management • Nationwide and international calling & numbers • Popular business phone features – Softphone and hard phone support – Mobile app – Native Salesforce integration 16

17 CorvisaOne™ Platform

CorvisaOne™ Platform Innovation through flexibility: – Enterprise communications platform for voice and SMS apps – Build complex, scalable telephony applications without spending capital building a foundational feature set – Tie phone systems into any back office system • More powerful than competing platforms 18

CorvisaOne™ Platform Allows customers and developers to: – Focus on innovation instead of infrastructure • Eliminates the need to buy, host, and manage hardware and infrastructure to support the apps they build • Apps are hosted and scaled by CorvisaCloud – no hardware required by the customer – Customize the operation of CorvisaCloud's products – Increase speed to market on initiatives by implementing features faster – Use our Lua-based programming language, Summit, along with APIs and web services 19

Key Differentiators • A platform-plus-product model that allows customers to fit communications software to their business no matter how unique – If you can think it, we can do it • A simplified customer experience as a single source provider for integrated communications products and consulting services – No need to manage multiple vendors for your contact center solution – We take responsibility for helping you improve your business – Easier to use with better functionality and flexibility • More sophisticated lead nurturing with integrated rules management than competing products 20