Mr Cooper Group Inc (COOP)

[Nightdaytrader]

Latest 10K says preferred shares were retired but also, 10m shares of preferred are still authorized.

ND9
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Earnings Per Share
The Company computes earnings per share using the two-class method, which is an earnings allocation formula that determines earnings per share for common
stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. The Series A
Preferred Stock is considered participating securities because it has dividend rights determined on an as-converted basis in the event of Company’s declaration
of a dividend or distribution for common shares. In the third quarter of 2021, the Company retired its preferred shares. As of December 31, 2022 and 2021, the Company had 10 million preferred shares authorized at $0.00001, with zero shares issued and outstanding and aggregate liquidation preference of zero dollars.

https://s1.q4cdn.com/275823140/files/doc_financials/2022/q4/ec79fd6c-25a7-4616-8a8a-ea97c6e1385f.pdf