{"filing":{"accession_number":"0001140361-26-040389","cik":"0001593538","ticker":"JSM","company_name":"NAVIENT CORP","form":"8-K","filing_date":"2026-10-21","report_date":"2026-10-21","primary_document":"ef20084105_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1593538/000114036126040389/ef20084105_8k.htm"},"events":[{"id":36771,"run_id":33902,"accession_number":"0001140361-26-040389","anchor_item_number":"8.01","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.82,"summary":"Navient announced a corporate reorganization establishing a new holding company structure (Navient Holdings, Inc.) to separate legacy and continuing businesses into two subsidiaries. The reorganization is conducted under Delaware law Section 251(g) without stockholder approval, with existing shares converting one-for-one with uninterrupted trading. This material strategic restructuring is designed to improve organizational efficiency and strategic flexibility.","company_name":"NAVIENT CORP","ticker":"JSM","filing_date":"2026-10-21","form":"8-K","submitted_at":null,"items":[{"id":41289,"accession_number":"0001140361-26-040389","item_number":"7.01","item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Navient announced a corporate reorganization establishing a new holding company structure (Navient Holdings, Inc.) to separate legacy and continuing businesses into two subsidiaries. While this involves a structural change to the corporate entity, it is not a traditional M\u0026A transaction, acquisition, or disposition. The reorganization is conducted under Delaware law Section 251(g) without stockholder action, and existing shares convert one-for-one with uninterrupted trading. This is a material operational and strategic restructuring designed to improve organizational efficiency and strategic flexibility, but does not fit the specific M\u0026A, governance, or financial event categories as precisely as it fits operational restructuring.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-21T20:34:28.908669+00:00","company_name":"","ticker":null,"filing_date":""},{"id":41290,"accession_number":"0001140361-26-040389","item_number":"8.01","item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Navient announced a corporate reorganization establishing a new holding company structure (Navient Holdings, Inc.) to separate legacy and continuing businesses into two subsidiaries. The reorganization is a material strategic restructuring designed to improve organizational efficiency, strategic flexibility, and shareholder value, conducted under Delaware law Section 251(g) without requiring stockholder approval. This is a significant operational and structural change that does not fit the specific M\u0026A categories but clearly qualifies as a material operational event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-21T20:34:28.908669+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":41289,"accession_number":"0001140361-26-040389","item_number":"7.01","item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Navient announced a corporate reorganization establishing a new holding company structure (Navient Holdings, Inc.) to separate legacy and continuing businesses into two subsidiaries. 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This is a material operational and strategic restructuring designed to improve organizational efficiency and strategic flexibility, but does not fit the specific M\u0026A, governance, or financial event categories as precisely as it fits operational restructuring.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-21T20:34:28.908669+00:00","company_name":"NAVIENT CORP","ticker":"JSM","filing_date":"2026-10-21"},{"id":41290,"accession_number":"0001140361-26-040389","item_number":"8.01","item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"Navient announced a corporate reorganization establishing a new holding company structure (Navient Holdings, Inc.) to separate legacy and continuing businesses into two subsidiaries. The reorganization is a material strategic restructuring designed to improve organizational efficiency, strategic flexibility, and shareholder value, conducted under Delaware law Section 251(g) without requiring stockholder approval. This is a significant operational and structural change that does not fit the specific M\u0026A categories but clearly qualifies as a material operational event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-21T20:34:28.908669+00:00","company_name":"NAVIENT CORP","ticker":"JSM","filing_date":"2026-10-21"}]}