<SEC-DOCUMENT>0001157523-17-002337.txt : 20170809
<SEC-HEADER>0001157523-17-002337.hdr.sgml : 20170809
<ACCEPTANCE-DATETIME>20170809164022
ACCESSION NUMBER:		0001157523-17-002337
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170809
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170809
DATE AS OF CHANGE:		20170809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RADIAN GROUP INC
		CENTRAL INDEX KEY:			0000890926
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				232691170
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11356
		FILM NUMBER:		171018471

	BUSINESS ADDRESS:	
		STREET 1:		1500 MARKET STREET
		STREET 2:		19TH FLOOR, WEST TOWER
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		1500 MARKET ST
		STREET 2:		19TH FLOOR, WEST TOWER
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMAC INVESTMENT CORP
		DATE OF NAME CHANGE:	19960126
</SEC-HEADER>
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<TYPE>8-K
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<DESCRIPTION>RADIAN GROUP INC. 8-K
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<p style="TEXT-ALIGN: center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt"><b>UNITED STATES</b></font><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt"><br style="FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt">
</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt">SECURITIES AND EXCHANGE COMMISSION</font></b><br>
<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><b>WASHINGTON, DC 20549</b></font><br>
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<p style="TEXT-ALIGN: center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt"><b>FORM 8-K</b></font> </p>

<hr style="TEXT-ALIGN: center; WIDTH: 100%; HEIGHT: 1pt; COLOR: #000000">
<p style="TEXT-ALIGN: center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><b>CURRENT REPORT</b></font><br>
<br>
<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><b>Pursuant to Section 13 or 15(d) of</b></font><br>
<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><b>The Securities Exchange Act of 1934</b></font><br>
<br>
<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>Date of report (Date of earliest event reported) </b></font><b><u style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">August 9, 2017</u></b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><br style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
</font></p>

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<p style="TEXT-ALIGN: center"><font style="FONT-SIZE: 17pt"><b>Radian Group Inc.</b></font><br>
<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>(Exact Name of Registrant as Specified in Its Charter)</b></font><br>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>Delaware</b> </p>
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<td style="TEXT-ALIGN: center; PADDING-LEFT: 0px; WIDTH: 34%; PADDING-RIGHT: 0px; WHITE-SPACE: nowrap" valign="bottom">
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>1-11356</b></font> </p>
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<td style="TEXT-ALIGN: center; PADDING-LEFT: 0px; WIDTH: 33%; PADDING-RIGHT: 0px; WHITE-SPACE: nowrap" valign="bottom">
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>23-2691170</b></font> </p>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>(State or Other Jurisdiction<br>
 of Incorporation)</b> </p>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>(Commission<br>
 File Number)</b> </p>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>(IRS Employer<br>
 Identification No.)</b> </p>
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<td style="TEXT-ALIGN: center; PADDING-LEFT: 0px; WIDTH: 60%" valign="bottom">
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>1601 Market Street, Philadelphia, Pennsylvania</b></font> </p>
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<td style="TEXT-ALIGN: center; PADDING-LEFT: 0px; WIDTH: 40%; PADDING-RIGHT: 0px; WHITE-SPACE: nowrap" valign="bottom">
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>19103</b></font> </p>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>(Address of Principal Executive Offices)</b></font> </p>
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<td style="TEXT-ALIGN: center; PADDING-LEFT: 0px; WIDTH: 40%" valign="bottom">
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>(Zip Code)</b></font> </p>
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<b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><br style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Registrant&#8217;s Telephone Number, Including Area Code) <font style="FONT-VARIANT: normal; FONT-STYLE: normal; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><u>(215) 231 - 1000</u></font></font><br>
<br>
<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Former Name or Former Address, if Changed Since Last Report)</font></b></div>

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<p></p>

<p><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">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 </font>&#160;(<i>see </i>General Instruction A.2. below)<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">:</font> </p>

<p><font style="FONT-FAMILY: Arial Unicode MS; FONT-SIZE: 10pt">&#8414;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font> </p>

<p><font style="FONT-FAMILY: Arial Unicode MS; FONT-SIZE: 10pt">&#8414;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font> </p>

<p><font style="FONT-FAMILY: Arial Unicode MS; FONT-SIZE: 10pt">&#8414;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font> </p>

<p><font style="FONT-FAMILY: Arial Unicode MS; FONT-SIZE: 10pt">&#8414;</font> <font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font> </p>

<p style="TEXT-ALIGN: justify">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </p>

<p>Emerging growth company <font style="FONT-FAMILY: Arial Unicode MS; FONT-SIZE: 12pt">&#8414;</font> </p>

<p>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. <font style="FONT-FAMILY: Arial Unicode MS; FONT-SIZE: 12pt">&#8414;</font> </p>

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<p><br>
<b>Item 8.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Other Events</u>.</b> </p>

<p style="TEXT-INDENT: 18pt">On August 9, 2017, Radian Group Inc. (the &#8220;Company&#8221;) issued a news release announcing that its Board of Directors approved a share repurchase program that authorizes the Company to purchase up to $50 million of its common stock through July 31, 2018.<br>
<br>
 &#160;&#160;&#160;&#160;&#160;&#160;&#160;A copy of this news release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.&#160;&#160;&#160;&#160; </p>

<p style="WHITE-SPACE: nowrap"><b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b> </p>

<p><b>(d) <i>Exhibits.</i></b><br>
<br>
 99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Radian Group Inc. News Release dated August 9, 2017. </p>

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<p style="TEXT-ALIGN: center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><b>SIGNATURES</b></font> </p>

<p style="TEXT-INDENT: 30px; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font> </p>

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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><u><b>RADIAN GROUP INC.</b></u> </p>
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<td style="TEXT-ALIGN: left; PADDING-LEFT: 0px" valign="top" colspan="2">(Registrant) </td>
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<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px; PADDING-LEFT: 0px; WIDTH: 6%" valign="top">Date: </td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px; PADDING-LEFT: 0px; WIDTH: 49%" valign="top">August 9, 2017 </td>
<td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px; PADDING-LEFT: 0px; WIDTH: 4%" valign="top">By: </td>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">/s/ Edward J. Hoffman </p>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">Edward J. Hoffman </p>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">Executive Vice President and General Counsel </p>
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<p style="TEXT-ALIGN: center"><b>EXHIBIT&#160;INDEX</b><br>
<br>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>Exhibit</b> </p>

<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>No.</b> </p>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>Description</b> </p>
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<td style="TEXT-ALIGN: left; PADDING-LEFT: 0px; WIDTH: 84%" valign="top">&#160; </td>
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<td style="TEXT-ALIGN: left; PADDING-LEFT: 0px; WIDTH: 12%" valign="top">99.1</td>
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<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">Radian Group Inc. News Release dated August 9, 2017. </p>
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<td style="TEXT-ALIGN: left; PADDING-LEFT: 0px; WIDTH: 84%" valign="top">&#160; </td>
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<TYPE>EX-99.1
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<DESCRIPTION>EXHIBIT 99.1
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<p style="TEXT-ALIGN: right"><b>Exhibit 99.1</b> </p>

<p style="TEXT-ALIGN: center"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><b>Radian Declares Regular Quarterly Dividend on Common Stock and Renews Share Repurchase Authorization</b></font> </p>

<p>PHILADELPHIA--(BUSINESS WIRE)--August 9, 2017--Radian Group Inc. announced today that the company&#8217;s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on September 1, 2017, to stockholders of record as of August 21, 2017. </p>

<p>In addition, the Board of Directors has renewed its share repurchase program that enables the company to repurchase its common stock. The shares may be purchased in the open market or in privately negotiated transactions. The company&#8217;s previous share repurchase program expired on June 30, 2017. </p>

<p>The authorization provides Radian the flexibility to repurchase shares opportunistically from time to time and spend up to $50 million, based on market and business conditions, stock price and other factors. The authorization is effective immediately and expires on July 31, 2018. Radian plans to utilize a Rule 10b5-1 plan, which would permit the company to purchase shares, at pre-determined price targets, when it may otherwise be precluded from doing so. </p>

<p>ABOUT RADIAN </p>

<p>Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance, risk management products and real estate services to financial institutions. Radian offers products and services through two business segments: </p>

<ul>
<li style="MARGIN-BOTTOM: 10px">Mortgage Insurance, through its principal mortgage insurance subsidiary Radian Guaranty Inc. This private mortgage insurance protects lenders from default-related losses, facilitates the sale of low-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments less than 20%. </li>
</ul>

<ul>
<li style="MARGIN-BOTTOM: 10px">Mortgage and Real Estate Services, through its principal services subsidiary Clayton, as well as Green River Capital, Red Bell Real Estate and ValuAmerica. These solutions include information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities. </li>
</ul>

<p>Additional information may be found at <u>www.radian.biz</u>. </p>

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<p>FORWARD-LOOKING STATEMENTS </p>

<p>All statements in this press release that address events, developments or results that we expect or anticipate may occur in the future are &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act and the U.S. Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements may be identified by words such as &#8220;anticipate,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;goal,&#8221; &#8220;contemplate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;seek,&#8221; &#8220;strategy,&#8221; &#8220;future,&#8221; &#8220;likely&#8221; or the negative or other variations on these words and other similar expressions. These statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management&#8217;s current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment where new risks emerge from time to time and it is not possible for us to predict all risks that may affect us. The forward-looking statements, as well as our prospects as a whole, are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These risks and uncertainties include, without limitation, changes in general economic and market conditions and factors that may affect the Company&#8217;s ability and willingness to repurchase shares under the proposed repurchase program and the possibility that the program may be suspended or terminated. </p>

<p>For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. We caution you not to place undue reliance on these forward-looking statements, which are current only as of the date on which we issued this press release. We do not intend to, and we disclaim any duty or obligation to, update or revise any forward-looking statements to reflect new information or future events or for any other reason. </p>

<p>CONTACT:<br>
Radian Group Inc.<br>
Emily Riley, 215-231-1035<br>
<u>emily.riley@radian.biz</u> </p>
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