October 23, 2016 3:00 PM ET

Consumer Finance

Company Overview of The First Marblehead Corporation

Company Overview

The First Marblehead Corporation, a specialty finance company, focuses on the education financing marketplace in the United States. The company provides loan programs on behalf of its lender clients for undergraduate and graduate students, as well as for college graduates seeking to refinance private education loan obligations; and outsourced tuition planning, tuition billing, refund management, and payment technology services for universities, colleges, and secondary schools. It also designs and administers education loan programs through its Monogram platform that are designed to be marketed through educational institutions or to borrowers and their families directly, as well as to generat...

1 Cabot Road

Suite 200

Medford, MA 02155

United States

Founded in 1991

273 Employees


800 895 4283

Key Executives for The First Marblehead Corporation

Co-Founder, Chairman, Chief Executive Officer and Member of Award Committee
Age: 53
President, Chief Operating Officer, Managing Director and Director
Age: 37
Chief Financial Officer, Chief Accounting Officer and Managing Director
Age: 46
Managing Director, General Counsel and Secretary
Age: 42
Managing Director of Finance
Compensation as of Fiscal Year 2016.

The First Marblehead Corporation Key Developments

The First Marblehead Corporation Files Form 15

The First Marblehead Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, $0.01 Par Value Per Share under the Securities Exchange Act of 1934, as amended.

The First Marblehead Corporation(NYSE:FMD) dropped from S&P TMI Index

The First Marblehead Corporation(NYSE:FMD) dropped from S&P TMI Index

The First Marblehead Corporation's Common Stock To Be Delisted From The New York Stock Exchange

The First Marblehead Corporation announced the completion of its acquisition by FP Resources USA Inc. (an entity beneficially owned by John Carter Risley of Nova Scotia, Canada), for $5.05 per share in cash, without interest and subject to deduction for any required withholding tax, pursuant to a merger agreement by and among the Company, FP Resources USA Inc. and FP Resources Acquisition Corp. (a wholly-owned subsidiary of FP Resources USA Inc.), dated as of June 2, 2016. The transaction was approved by the Company's stockholders at a special meeting of stockholders held on August 22, 2016. First Marblehead's common stock will be delisted from the New York Stock Exchange prior to the open of trading on August 23, 2016.

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