PHH CORPORATION (NYSE:PHH) Files An 8-K Submission of Matters to a Vote of Security Holders

PHH CORPORATION (NYSE:PHH) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07(d)of Form8-K, the Company’s decision regarding how frequently the Company will hold shareholder advisory votes on the compensation of named executive officers (“Say-on-Pay Votes”). No other changes have been made to the Original 8-K.

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Item 5.07. Submission of Matters to a Vote of Security Holders.

At the Annual Meeting, the Company’s stockholders voted on, among other matters, an advisory proposal concerning the frequency of Say-on-Pay Votes. As reported in the Original 8-K, a majority of the votes cast by the stockholders at the Annual Meeting indicated a preference that Say-on-Pay Votes be held on an annual basis. In accordance with the original recommendation of the Company’s Board of Directors set forth in the Company’s Definitive Proxy Statement on Schedule 14A filed on April28, 2017, and consistent with stockholder preference, the Company intends to continue holding Say-on-Pay Votes on an annual basis until the next required advisory vote on the frequency of Say-on-Pay Votes, which will be no later than the Company’s annual meeting of stockholders in 2023, or until the Company’s Board of Directors otherwise determines that a different frequency for Say-on-Pay Votes is in the best interests of the Company.


PHH Corporation (PHH) is a non-bank mortgage originator and servicer of the United States residential mortgage loans. The Company conducts its business through two segments: Mortgage Production and Mortgage Servicing. Its Mortgage Production segment originates, purchases and sells mortgage loans through PHH Mortgage. The Mortgage Production segment includes PHH Home Loans, which is a joint venture that it maintains with Realogy Corporation. The Mortgage Servicing segment services mortgage loans originated by PHH Mortgage and acts as a subservicer for certain clients that own the underlying servicing rights. Through its wholly owned subsidiary, PHH Mortgage Corporation and its subsidiaries (PHH Mortgage), the Company provides outsourced mortgage banking services to various clients, including financial institutions and real estate brokers throughout the United States and are focused on originating, selling, and servicing and subservicing residential mortgage loans.

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