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): July 28, 2005

 

SLM CORPORATION

(Exact name of registrant as specified in its charter)

 

DELAWARE

 

File No. 001-13251

 

52-2013874

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification Number)

 

12061 Bluemont Way, Reston, Virginia

 

20190

(Address of principal executive offices)

 

(zip code)

 

Registrant’s telephone number, including area code: (703) 810-3000

 

Not Applicable

(Former name or former address, if changed since 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:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Items 1.01 and 5.02

 

At its meeting on July 28, 2005, the Compensation and Personnel Committee of the Board of Directors of SLM Corporation approved changes to the compensation for C.E. Andrews, who assumed responsibilities as the Corporation’s principal financial officer.  Mr. Andrews’ base salary was increased from $325,000 to $400,000, effective as of June 18, 2005.  The employment agreement between Mr. Andrews and the Corporation entered into as of February 24, 2003 otherwise remains in full force and effect.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

SLM CORPORATION

 

 

 

 

 

 

By:

/s/ MARIANNE M. KELER

 

 

 

 

Name:

Marianne M. Keler

 

 

 

Title:

Executive Vice President, Corporate Development,
Consumer Lending and Administration

 

Dated: August 3, 2005

 

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