Onity Group (ONIT) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 21, 2025, will be held virtually, with shareholders able to vote and ask questions online; record date is March 24, 2025.

• Key proposals: election of seven directors, ratification of Deloitte & Touche LLP as auditor for 2025, and advisory approval of executive compensation (Say-on-Pay).

• 2024 marked a successful transformation, including rebranding, balance sheet strengthening, and highest net income since 2013.

• Strategic initiatives included debt restructuring, sale of joint venture interest, and acquisition of reverse mortgage assets.

• Servicing business drove earnings, with portfolio exceeding $300 billion and significant operational awards.

Voting matters and shareholder proposals

• Shareholders will vote on director elections, auditor ratification, and Say-on-Pay; no other business is anticipated.

• Shareholder proposals for the 2026 meeting must be submitted by December 16, 2025, for proxy inclusion.

Board of directors and corporate governance

• Board set at seven members, all nominees are current directors with diverse backgrounds in finance, risk, and operations.

• Board committees: Audit, Compensation and Human Capital, Nomination/Governance, Risk and Compliance, and Executive.

• Majority of directors are independent; annual self-assessment and diversity policy in place.

• Board leadership combines CEO/Chair roles with a Lead Independent Director for oversight.

• Oaktree has rights to two non-voting board observers as a significant investor.