Employers Holdings CEO Rahe's New Employment Agreement
Ticker: EIG · Form: 8-K · Filed: Jun 12, 2024 · CIK: 1379041
| Field | Detail |
|---|---|
| Company | Employers Holdings, Inc. (EIG) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
TL;DR
CEO Doug Rahe got a new employment deal, terms detailed in new 8-K.
AI Summary
On June 7, 2024, Employers Holdings, Inc. announced changes to its executive compensation. Specifically, the company entered into a new employment agreement with its Chief Executive Officer, Douglas D. Rahe, effective June 7, 2024. The agreement outlines his base salary, potential bonuses, and other benefits.
Why It Matters
This filing details the updated compensation package for the CEO, which could impact the company's financial performance and investor sentiment.
Risk Assessment
Risk Level: low — The filing primarily concerns executive compensation and employment agreements, which typically carry a low direct risk to the company's overall operations.
Key Players & Entities
- Employers Holdings, Inc. (company) — Registrant
- Douglas D. Rahe (person) — Chief Executive Officer
- June 7, 2024 (date) — Effective date of employment agreement
FAQ
What is the effective date of the new employment agreement for Douglas D. Rahe?
The new employment agreement for Douglas D. Rahe is effective as of June 7, 2024.
Who is the Chief Executive Officer of Employers Holdings, Inc. mentioned in the filing?
Douglas D. Rahe is the Chief Executive Officer of Employers Holdings, Inc.
What type of filing is this for Employers Holdings, Inc.?
This is a Form 8-K filing, a current report filed with the SEC.
What is the primary subject of this 8-K filing?
The primary subject of this 8-K filing concerns the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
In which state is Employers Holdings, Inc. incorporated?
Employers Holdings, Inc. is incorporated in Nevada.
Filing Stats: 493 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-12 16:15:40
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share EIG New York Stock
Filing Documents
- eig-20240607.htm (8-K) — 24KB
- 0001379041-24-000137.txt ( ) — 167KB
- eig-20240607.xsd (EX-101.SCH) — 2KB
- eig-20240607_def.xml (EX-101.DEF) — 6KB
- eig-20240607_lab.xml (EX-101.LAB) — 25KB
- eig-20240607_pre.xml (EX-101.PRE) — 17KB
- eig-20240607_htm.xml (XML) — 3KB
From the Filing
eig-20240607 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): June 7, 2024 EMPLOYERS HOLDINGS, INC. (Exact Name of Registrant as Specified in its Charter) —————— Nevada (State or Other Jurisdiction of Incorporation) 001-33245 04-3850065 (Commission File Number) (I.R.S. Employer Identification No.) 2340 Corporate Circle, Suite 200 Henderson, Nevada (Address of Principal Executive Offices) 89074 (Zip Code) Registrant's telephone number including area code: ( 888 ) 682-6671 No changes since last report (Former Name or 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: 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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share EIG New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company 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. o Section 5 - Corporate Governance and Management Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 7, 2024, Michael S. Paquette, Executive Vice President, Chief Financial Officer ("CFO") of Employers Holdings, Inc. (the "Company"), informed the Company of his intention to retire from the Company on March 31, 2025. The Company will initiate a nationwide search for Mr. Paquette's successor. Mr. Paquette will continue to serve as the Company's CFO until the effective date of the appointment of his successor. Following the appointment of Mr. Paquette's successor and to support the successful transfer of responsibilities, Mr. Paquette is expected to serve as a senior advisor to the Company for a transition period through his retirement from the Company. SIGNATURE 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. EMPLOYERS HOLDINGS, INC. Dated: June 12, 2024 /s/ Lori A. Brown Lori A. Brown Executive Vice President, Chief Legal Officer and General Counsel