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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT
TO SECTION 13 OR 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): October&nbsp;1, 2013 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Walter Investment Management Corp. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Maryland</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-13417</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>13-3950486</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>incorporation or organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>3000 Bayport Drive, Suite 1100</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tampa, Florida</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>33607</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(Address of Principal Executive Offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (813)&nbsp;421-7605 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
Name or Former Address, if Changed from Last Report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October 3, 2013, Walter Investment Management Corp. (the
&#147;Company&#148;) announced the intention of Charles E. Cauthen, the Company&#146;s Executive Vice President and Chief Financial Officer, to leave the Company in early 2014. This departure is anticipated to take place in conjunction with the
filing in March of 2014 of the Company&#146;s Annual Report on Form 10-K for the fiscal year ending December 31, 2013 (the &#147;Form 10K&#148;) with the Securities and Exchange Commission (&#147;SEC&#148;). On October&nbsp;1, 2013 (the
&#147;Effective Date&#148;), the &#147;Company and Mr. Cauthen entered into a Separation Agreement (the &#147;Separation Agreement&#148;), pursuant to which Mr.&nbsp;Cauthen&#146;s employment with the Company will end, effective as of the earlier of
(i)&nbsp;the close of business on the date by which the Company is required to file its Annual Report on Form 10-K with the SEC, plus, if the Company elects in specified circumstances, up to 60 days, and (ii)&nbsp;the Company&#146;s determination
that Mr.&nbsp;Cauthen&#146;s employment should terminate (in either case &#147;the Termination Date&#148;). Mr.&nbsp;Cauthen has agreed to remain as an employee of the Company through the Termination Date in the event his successor is appointed
prior to the Termination Date in order to assist in completing the Form 10K and to otherwise transition the role. The Separation Agreement supersedes the Amended and Restated Contract of Employment between the Company and Mr. Cauthen dated
March&nbsp;15, 2010. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the Separation Agreement, from the Effective Date through the Termination Date, Mr.&nbsp;Cauthen will,
subject to his compliance with the Separation Agreement, continue to receive his current compensation consisting of (i)&nbsp;a base salary at a rate of $430,000 per year (&#147;Base Salary&#148;), (ii)&nbsp;a car allowance at a rate of $18,000 per
year, (iii)&nbsp;continued participation in the Company&#146;s health, dental and vision benefits, subject to the payment of ordinary employee contributions; and (iv)&nbsp;certain accrued but unused vacation in accordance with Company policy as
described in the Separation Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to Mr.&nbsp;Cauthen&#146;s execution and delivery of a general release of claims in the
form attached to the Separation Agreement (the &#147;Release&#148;), Mr.&nbsp;Cauthen will be entitled to receive the following principal benefits following the Termination Date: (i)&nbsp;continued payment of his Base Salary for 18 months from the
Termination Date, (ii)&nbsp;continued participation in Company health, dental and vision benefits, subject to the payment of ordinary employee contributions, until the earlier of (A)&nbsp;the 36-month anniversary of the Termination Date, or
(B)&nbsp;Employee&#146;s eligibility to receive comparable benefits from subsequent employment or government assistance (the COBRA election period will not commence until the expiration of such 36-month period), (iii)&nbsp;bonus payments as follows:
(A)&nbsp;$468,700 to be paid in each of 2014 and 2015, and (B)(1) if the Termination Date occurs prior to December&nbsp;31, 2013, an amount equal to $234,350 minus the product of a fraction, the numerator of which is the number of days between the
Termination Date and December&nbsp;31, 2013 (inclusive of December&nbsp;31) and the denominator of which is 365 multiplied by $468,700, to be paid in 2016, and (2)&nbsp;if the Termination Date occurs on or after January&nbsp;1, 2014, an amount equal
to the sum of $234,350 plus the product of a fraction, the numerator of which is the number of days between January&nbsp;1, 2014 and the Termination Date (inclusive of January&nbsp;1, 2014 and the Termination Date) and the denominator of which is
365, multiplied by $468,700, to paid in 2016; and (iv)&nbsp;upon the expiration of the revocation period in the Release, the immediate vesting of all outstanding unvested stock option awards; provided that the stock option award dated April&nbsp;3,
2013, shall not be exercisable until April&nbsp;3, 2016 as provided in the applicable award agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Cauthen has also agreed
under the Separation Agreement to certain non-competition and non-solicitation provisions for a period of 18 months following termination of his employment. In addition, the Separation Agreement contains certain confidentiality and non-disparagement
provisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing summary of the Separation Agreement does not purport to be complete and is qualified in its entirety by
reference to the text of the Separation Agreement attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&nbsp;3, 2013, the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01. Financial Statements and Exhibits. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(d)&nbsp;Exhibits </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>
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<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Separation Agreement, dated October 1, 2013, by and between Walter Investment Management Corp and Charles E. Cauthen</TD></TR>
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<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated October 3, 2013</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURES </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">WALTER INVESTMENT MANAGEMENT CORP.</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="top"></TD></TR>
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<TD VALIGN="top">Date: October&nbsp;3, 2013</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Stuart Boyd</P></TD></TR>
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<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Stuart Boyd, Vice President,</TD></TR>
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<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
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<TD VALIGN="top">General Counsel and Secretary</TD></TR>
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8-K
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): October 1, 2013
Walter Investment Management Corp.
(Exact name of registrant as specified in its charter)
Maryland
001-13417
13-3950486
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
3000 Bayport Drive, Suite 1100
Tampa, Florida
33607
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (813) 421-7605
Not Applicable
(Former
Name or Former Address, if Changed from 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))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On October 3, 2013, Walter Investment Management Corp. (the
"Company") announced the intention of Charles E. Cauthen, the Company's Executive Vice President and Chief Financial Officer, to leave the Company in early 2014. This departure is anticipated to take place in conjunction with the
filing in March of 2014 of the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2013 (the "Form 10K") with the Securities and Exchange Commission ("SEC"). On October 1, 2013 (the
"Effective Date"), the "Company and Mr. Cauthen entered into a Separation Agreement (the "Separation Agreement"), pursuant to which Mr. Cauthen's employment with the Company will end, effective as of the earlier of
(i) the close of business on the date by which the Company is required to file its Annual Report on Form 10-K with the SEC, plus, if the Company elects in specified circumstances, up to 60 days, and (ii) the Company's determination
that Mr. Cauthen's employment should terminate (in either case "the Termination Date"). Mr. Cauthen has agreed to remain as an employee of the Company through the Termination Date in the event his successor is appointed
prior to the Termination Date in order to assist in completing the Form 10K and to otherwise transition the role. The Separation Agreement supersedes the Amended and Restated Contract of Employment between the Company and Mr. Cauthen dated
March 15, 2010.
Pursuant to the Separation Agreement, from the Effective Date through the Termination Date, Mr. Cauthen will,
subject to his compliance with the Separation Agreement, continue to receive his current compensation consisting of (i) a base salary at a rate of $430,000 per year ("Base Salary"), (ii) a car allowance at a rate of $18,000 per
year, (iii) continued participation in the Company's health, dental and vision benefits, subject to the payment of ordinary employee contributions; and (iv) certain accrued but unused vacation in accordance with Company policy as
described in the Separation Agreement.
Subject to Mr. Cauthen's execution and delivery of a general release of claims in the
form attached to the Separation Agreement (the "Release"), Mr. Cauthen will be entitled to receive the following principal benefits following the Termination Date: (i) continued payment of his Base Salary for 18 months from the
Termination Date, (ii) continued participation in Company health, dental and vision benefits, subject to the payment of ordinary employee contributions, until the earlier of (A) the 36-month anniversary of the Termination Date, or
(B) Employee's eligibility to receive comparable benefits from subsequent employment or government assistance (the COBRA election period will not commence until the expiration of such 36-month period), (iii) bonus payments as follows:
(A) $468,700 to be paid in each of 2014 and 2015, and (B)(1) if the Termination Date occurs prior to December 31, 2013, an amount equal to $234,350 minus the product of a fraction, the numerator of which is the number of days between the
Termination Date and December 31, 2013 (inclusive of December 31) and the denominator of which is 365 multiplied by $468,700, to be paid in 2016, and (2) if the Termination Date occurs on or after January 1, 2014, an amount equal
to the sum of $234,350 plus the product of a fraction, the numerator of which is the number of days between January 1, 2014 and the Termination Date (inclusive of January 1, 2014 and the Termination Date) and the denominator of which is
365, multiplied by $468,700, to paid in 2016; and (iv) upon the expiration of the revocation period in the Release, the immediate vesting of all outstanding unvested stock option awards; provided that the stock option award dated April 3,
2013, shall not be exercisable until April 3, 2016 as provided in the applicable award agreement.
Mr. Cauthen has also agreed
under the Separation Agreement to certain non-competition and non-solicitation provisions for a period of 18 months following termination of his employment. In addition, the Separation Agreement contains certain confidentiality and non-disparagement
provisions.
The foregoing summary of the Separation Agreement does not purport to be complete and is qualified in its entirety by
reference to the text of the Separation Agreement attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
On October 3, 2013, the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No.
Description
10.1
Separation Agreement, dated October 1, 2013, by and between Walter Investment Management Corp and Charles E. Cauthen
99.1
Press Release dated October 3, 2013
SIGNATURES
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.
WALTER INVESTMENT MANAGEMENT CORP.
Date: October 3, 2013
By:
/s/ Stuart Boyd
Stuart Boyd, Vice President,
General Counsel and Secretary