OneMain (OMF) Proxy Filing summary

Executive summary

• 2024 saw strong performance, with growth in personal loans, credit cards, and auto finance, and the completion of the Foursight acquisition to enhance auto finance capabilities.

• Managed receivables grew 11% to $24.7B, originations rose 4% YoY, and net income reached $509M.

• $685M in capital was generated and $533M returned to shareholders through dividends and buybacks.

• Recognized for workplace excellence and expanded financial education to over 440,000 students.

Voting matters and shareholder proposals

• Election of three Class III directors for terms expiring in 2028.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2025.

• Proposal to declassify the Board over three years, moving to annual director elections by 2028.

• Proposal to amend the Charter to limit officer liability as permitted by Delaware law.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board refreshment continues, with five new independent directors joining since 2021.

• Enhanced governance: majority voting in uncontested elections, expanded Lead Independent Director role, and formalized Impact oversight.

• Board and committees met regularly; all directors attended at least 75% of meetings.

• Board structure combines Chair/CEO roles with a Lead Independent Director.

• All committee charters and governance documents are publicly available.