0000873860-14-000022.txt : 20141205 0000873860-14-000022.hdr.sgml : 20141205 20141205170005 ACCESSION NUMBER: 0000873860-14-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20141202 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20141205 DATE AS OF CHANGE: 20141205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OCWEN FINANCIAL CORP CENTRAL INDEX KEY: 0000873860 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 650039856 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13219 FILM NUMBER: 141270186 BUSINESS ADDRESS: STREET 1: 1000 ABERNATHY ROAD NE STREET 2: SUITE 210 CITY: ATLANTA STATE: 2Q ZIP: 30328 BUSINESS PHONE: 561-682-8000 MAIL ADDRESS: STREET 1: 1000 ABERNATHY ROAD NE STREET 2: SUITE 210 CITY: ATLANTA STATE: 2Q ZIP: 30328 FORMER COMPANY: FORMER CONFORMED NAME: OCWEN FINANCIAL Corp DATE OF NAME CHANGE: 20110224 FORMER COMPANY: FORMER CONFORMED NAME: OCWEN FINANCIAL CORP DATE OF NAME CHANGE: 19960516 8-K 1 a201412058-kexecutivecompe.htm 8-K 2014.12.05 8-K Executive Compensation


 
 
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
 
Date of Report (Date of earliest event reported): December 2, 2014
 
 

OCWEN FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
 
Florida
 
1-13219
 
65-0039856
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
  
 
 

1000 Abernathy Road NE, Suite 210
Atlanta, Georgia 30328
(Address of principal executive offices)
 
Registrant’s telephone number, including area code: (561) 682-8000
 
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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Item 5.02(e)     On December 2, 2014, the Compensation Committee of the Board of Directors of Ocwen Financial Corporation (the “Company”) approved an increase in the annual base salary of the Company’s Chief Financial Officer, Michael R. Bourque, Jr., to $450,000 and an increase in his target incentive payment opportunity to $450,000, dependent on performance. Such increases are effective as of January 1, 2015 and were made in light of the value to the Company of Mr. Bourque’s expected performance going forward.




SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
OCWEN FINANCIAL CORPORATION
(Registrant)
 
 
 
Date: December 5, 2014
By:
/s/ Ronald M. Faris
 
 
Ronald M. Faris
 
 
President and Chief Executive Officer
 
 
(On behalf of the Registrant and as its principal executive officer)