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DATE OF REPORT (Date of earliest event reported): March 10, 2021 (March 5, 2021)



OneMain Holdings, Inc.

(Exact name of registrant as specified in its charter)



Delaware 1-36129 27-3379612
(State or other jurisdiction of
(Commission File Number) (I.R.S. Employer Identification No.)



601 N.W. Second Street,

Evansville, Indiana 47708

(Address of principal executive offices)(Zip Code)


(812) 424-8031

(Registrant’s telephone number, including area code)


(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:


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


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


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


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


Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock, par value $0.01 per share   OMF   New York Stock Exchange


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨







Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On March 5, 2021, the Board of Directors (the “Board”) of OneMain Holdings, Inc. (the “Company”) appointed Phyllis R. Caldwell to serve as an independent director on the Board, effective June 1, 2021. Ms. Caldwell was appointed a Class I director of the Board and will serve until the Company's 2023 annual meeting of shareholders and until her successor is duly elected and qualified or until her earlier death, resignation or removal. As of the date hereof, the Board has not determined any committee appointments for Ms. Caldwell.


In accordance with the Company’s non-employee director compensation program for 2021, Ms. Caldwell will be eligible to receive an annual cash retainer of $75,000 and a grant of RSUs with an approximate value of $140,000 for her Board service, pro-rated in each case based on the number of days of her Board service in 2021. Ms. Caldwell will be subject to our Director Stock Ownership Policy and will be eligible to participate in our director deferral election program, in each case as described in our annual proxy statement filed with the Securities and Exchange Commission on April 6, 2020.


Ms. Caldwell will enter into an indemnification agreement, effective as of June 1, 2021, pursuant to which the Company will indemnify her for certain actions taken in her capacity as a director of the Company, the form of which was filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 25, 2018. There are no transactions between Ms. Caldwell and the Company that would require disclosure under Item 404(a) of Regulation S-K.


Item 7.01. Regulation FD Disclosure.


A copy of the Company’s press release announcing the appointment of Ms. Caldwell to the Board is attached as Exhibit 99.1 hereto.


The information in the press release is being furnished, not filed, pursuant to this Item 7.01. Accordingly, the information in the press release will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference therein. The furnishing of the information in this Current Report with respect to the press release is not intended to, and does not, constitute a determination or admission by the Company that the information in this Current Report with respect to the press release is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.


Item 9.01.Financial Statements and Exhibits.


(d) Exhibits


99.1   Press Release of OneMain Holdings, Inc., issued March 10, 2021.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).







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 hereunto duly authorized.


  By: /s/ Micah R. Conrad
  Name: Micah R. Conrad
  Title: Executive Vice President and Chief Financial Officer


Date:  March 10, 2021