Mr Cooper Group Inc (COOP)

[Mr_Simpson72]

Gallagher & Fairfield: Feb 15th we should know if they continue or not...


Gallagher and Fairfield's employment periods run until May 15, 2018.

William Gallagher's EMPLOYMENT AGREEMENT: https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385dex102.htm

William Gallagher's RESTRICTED STOCK AGREEMENT: https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385dex103.htm

Thomas Fairfield's EMPLOYMENT AGREEMENT: https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385dex104.htm

Thomas Fairfield's RESTRICTED STOCK AGREEMENT: https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385dex105.htm


1. Employment Period.

Subject to earlier termination in accordance with Section 3 of this Agreement, Executive shall be employed by the Company for a period commencing on the Effective Date *(May 15, 2015) and ending on the third anniversary *(May 15, 2018) thereof (the “Employment Period”) unless the Parties mutually agree to extend the term at least ninety (90) days prior to the end of the Employment Period. Upon Executive’s termination of employment with the Company for any reason, upon request by the Company, Executive shall immediately resign all officer positions with the Company or any of its subsidiaries or affiliates, including any position as a member of the Company’s Board of Directors (the “Board”) and any committee thereof.


Eugene Davis: “Termination of Service”), the Company will automatically repurchase the Unvested Shares from the Participant to the extent that they were unvested on the date of such Termination of Service.

"4. REPURCHASE OF UNVESTED SHARES

4.1 Forfeiture Repurchase.

Except as otherwise provided in the Grant Notice with respect to vesting of the Grant Shares upon the consummation of a Qualifying Acquisition within six months following certain terminations of Participant’s Continuous Service (as defined below), in the event that Participant’s Continuous Service terminates for any reason (“Termination of Service”), the Company will automatically repurchase the Unvested Shares from the Participant to the extent that they were unvested on the date of such Termination of Service (“Repurchase Event”) and Participant agrees to cooperate with the Company to cause such shares to be repurchased. For purposes of this Agreement, “Continuous Service” means that Participant’s service with the Company or an Affiliate, whether as an employee, a director or consultant, is not interrupted or terminated (other than pursuant to a leave approved by the Company). Participant’s Continuous Service shall not be deemed to have terminated or been interrupted merely because of a change in the capacity in which Participant renders service to the Company or an Affiliate as an employee, a director or consultant or a change in the entity for which Participant renders such service; provided, that there is no interruption or termination of Participant’s service with the Company or an Affiliate."

WMIH should buy them at $0.80 and get it over with... he departures with way more than many of us for doing squat.

Michael Willingham: He should resign...he is of no value to this company as time has proven & WMIH could surely find a much better replacement that adds value (connections & a winning M&A). We are very tired of reading about your countless meetings with no results.

I have been calling them out for years now... still here they are. I would feel extremely ashamed of my role & personal brand. "SHAMEFUL" does not even begin to express how many of us feel against them. They have been callling the wrong shots for years now... we are going from worse to worst.

If KKR now has total control now they should place someone else who knows how to deliver to:

a) Series B investors (quite a few years with money tied)
b) Common shareholders (mom & pops who have seen enough)