Radian Announces Director Retirement
–Company Approves Reduction in Board Size and Announces Annual Meeting
Date–
PHILADELPHIA--(BUSINESS WIRE)--Feb. 19, 2013--
Radian Group Inc. today announced that on February 13, 2013, during a
meeting of Radian’s Board of Directors, Ronald W. Moore informed the
company of his decision to retire from the Board. The retirement for
Moore, a Director of the company since 1992, is effective upon the
completion of his current term at Radian’s upcoming 2013 Annual Meeting
of Stockholders. In addition, the Board approved a reduction in its size
from 12 to 11 members, which is effective upon Moore’s retirement and is
consistent with Radian’s previously announced plan to reduce the size of
its Board over time.
Radian’s Board of Directors set Wednesday, May 15, 2013, as the date for
Radian’s 2013 Annual Meeting. Stockholders of record as of the close of
business on Monday, March 18, 2013, will be eligible to vote at the 2013
Annual Meeting.
“Ron’s contribution throughout the years has been both insightful and
valuable to Radian, and we are grateful for his service. On behalf of
the company, I want to thank Ron for his tireless dedication and wish
him well in the future,” said Herbert Wender, Chairman of Radian Group
Inc.
About Radian
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides
private mortgage insurance and related risk mitigation products and
services to mortgage lenders nationwide through its principal operating
subsidiary, Radian Guaranty Inc. These services help promote and
preserve homeownership opportunities for homebuyers, while protecting
lenders from default-related losses on residential first mortgages and
facilitating the sale of low-downpayment mortgages in the secondary
market. Additional information may be found at www.radian.com.
Source: Radian Group Inc.
Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com
