Radian Announces Director Retirement
–Company Approves Reduction in Board Size and Announces Annual Meeting Date–
PHILADELPHIA -- February 19, 2013
Radian Group Inc. today announced that on February 13, 2013, during a meeting
of Radian’s Board of Directors, Ronald W. Moore informed the company of his
decision to retire from the Board. The retirement for Moore, a Director of the
company since 1992, is effective upon the completion of his current term at
Radian’s upcoming 2013 Annual Meeting of Stockholders. In addition, the Board
approved a reduction in its size from 12 to 11 members, which is effective
upon Moore’s retirement and is consistent with Radian’s previously announced
plan to reduce the size of its Board over time.
Radian’s Board of Directors set Wednesday, May 15, 2013, as the date for
Radian’s 2013 Annual Meeting. Stockholders of record as of the close of
business on Monday, March 18, 2013, will be eligible to vote at the 2013
“Ron’s contribution throughout the years has been both insightful and valuable
to Radian, and we are grateful for his service. On behalf of the company, I
want to thank Ron for his tireless dedication and wish him well in the
future,” said Herbert Wender, Chairman of Radian Group Inc.
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private
mortgage insurance and related risk mitigation products and services to
mortgage lenders nationwide through its principal operating subsidiary, Radian
Guaranty Inc. These services help promote and preserve homeownership
opportunities for homebuyers, while protecting lenders from default-related
losses on residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional information may
be found at www.radian.biz.
Radian Group Inc.
Emily Riley, 215-231-1035
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