Employers Holdings, Inc. Announces Director Changes and Officer Compensation
Ticker: EIG · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1379041
| Field | Detail |
|---|---|
| Company | Employers Holdings, Inc. (EIG) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $535,000, $600,000, $525,000, $1,200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-compensation, director-change
TL;DR
Board shuffle at Employers Holdings: Toomey out, LaRusso in. Officer pay details also disclosed.
AI Summary
On October 9, 2024, Employers Holdings, Inc. filed an 8-K report detailing several key events. The company announced the departure of Director Douglas L. Toomey and the election of new Director Michael J. P. LaRusso. Additionally, the filing disclosed compensatory arrangements for certain officers and included financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and disclosures, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Employers Holdings, Inc. (company) — Registrant
- Douglas L. Toomey (person) — Departing Director
- Michael J. P. LaRusso (person) — Newly Elected Director
- October 9, 2024 (date) — Date of Report
FAQ
Who has departed from the Board of Directors at Employers Holdings, Inc.?
Douglas L. Toomey has departed from the Board of Directors.
Who has been elected as a new Director to the Board?
Michael J. P. LaRusso has been elected as a new Director.
What is the exact date of this 8-K filing?
The exact date of this 8-K filing is October 9, 2024.
What other items are covered in this 8-K filing besides director changes?
This filing also covers compensatory arrangements of certain officers and includes financial statements and exhibits.
In which state is Employers Holdings, Inc. incorporated?
Employers Holdings, Inc. is incorporated in Nevada.
Filing Stats: 996 words · 4 min read · ~3 pages · Grade level 10.1 · Accepted 2024-10-09 16:17:01
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share EIG New York Stock
- $535,000 — led to receive an annual base salary of $535,000. In addition, beginning in 2025, he wil
- $600,000 — f his long-term incentive award will be $600,000 (with the grant to be delivered in the
- $525,000 — Pedraja will receive a sign-on bonus of $525,000, subject to repayment in the event of c
- $1,200,000 — SU") award with a target grant value of $1,200,000, which will be granted on the same gran
Filing Documents
- eig-20241009.htm (8-K) — 33KB
- exhibit101_10924.htm (EX-10.1) — 26KB
- ex991_pressreleasex1092024.htm (EX-99.1) — 14KB
- ehilogoa09302019a01.jpg (GRAPHIC) — 23KB
- 0001379041-24-000157.txt ( ) — 270KB
- eig-20241009.xsd (EX-101.SCH) — 2KB
- eig-20241009_def.xml (EX-101.DEF) — 7KB
- eig-20241009_lab.xml (EX-101.LAB) — 26KB
- eig-20241009_pre.xml (EX-101.PRE) — 17KB
- eig-20241009_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On October 9, 2024, EHI issued a press release regarding the appointment of Mr. Pedraja. The information in the preceding paragraph, as well as Exhibit 99.1 hereto, is being "furnished" pursuant to Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Company filing, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such filing and regardless of any general incorporation language in such filing. Section 9 – Financial Statements and Exhibits
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Offer of Employment dated October 7, 2024 from Employers Holdings, Inc. to Michael A. Pedraja 99.1 Employers Holdings, Inc. press release, dated October 9, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document contained in Exhibit 101) 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: October 9, 2024 /s/ Michael S. Paquette Michael S. Paquette Executive Vice President, Chief Financial Officer