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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 13, 2026
ONITY
GROUP INC.
(Exact
name of registrant as specified in its charter)
| Florida |
|
1-13219 |
|
65-0039856 |
| (State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
| of
incorporation) |
|
File
Number) |
|
Identification
No.) |
1661
Worthington Road, Suite 100
West
Palm Beach, Florida 33409
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (561) 682-8000
Not
applicable.
(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(s) |
|
Name
of each exchange on which registered |
| Common
Stock, $0.01 Par Value |
|
ONIT |
|
New
York Stock Exchange (NYSE) |
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
November 13, 2026, Onity Group Inc. (“Onity” or “the Company”) announced that Aaron D. Wade, Executive Vice President
and Chief Investment Officer, will be leaving the Company on December 31, 2026 following a transition period. The Company thanks Mr.
Wade for his contributions to the Company since joining Onity in April 2022.
Mr.
Wade will receive severance benefits as provided under the Company’s United States Basic Severance Plan. In addition, Mr. Wade
will receive payment of his 2026 annual cash incentive with a target value of $490,356, with actual payout in the first quarter of 2027
to be determined at the discretion of the Company’s Compensation and Human Capital Committee based on the Company’s 2026
performance and such other facts and circumstances as the committee may consider appropriate.
Richard
J. Bradfield, Executive Vice President and formerly Chief Growth Officer, will assume the role of Chief Investment Officer in addition
to his role as President of the Company’s subsidiary, PHH Asset Services LLC. Mr. Bradfield brings to the role more than 30 years
of mortgage-finance experience, including 25 years serving in various executive-level roles at PHH Corporation.
| Item
9.01 | Financial
Statements and Exhibits. |
(d)
Exhibits
Exhibit
Number |
|
Description |
| |
|
|
| 104 |
|
Cover
Page Interactive Data File formatted in online XBRL (included as Exhibit 101) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.
| |
ONITY
GROUP INC. |
| |
(Registrant) |
| |
|
|
| Date:
November 13, 2026 |
By: |
/s/
Joseph J. Samarias |
| |
|
Joseph
J. Samarias |
| |
|
Chief
Legal Officer |
