Hagerty Appoints New Directors, Discloses Officer Compensation
Ticker: HGTY · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1840776
| Field | Detail |
|---|---|
| Company | Hagerty, Inc. (HGTY) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: HGTY
TL;DR
Hagerty shakes up board with new directors, details exec pay.
AI Summary
Hagerty, Inc. announced on February 26, 2024, the departure of director Patrick J. Gallagher and the appointment of two new directors, Scott R. Crump and Marjorie L. Bowen. The company also disclosed compensatory arrangements for certain officers, including stock options and restricted stock units, as detailed in the filing.
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: medium — Board changes and executive compensation disclosures can introduce uncertainty regarding future strategic direction and management alignment.
Key Players & Entities
- Hagerty, Inc. (company) — Registrant
- Patrick J. Gallagher (person) — Departing Director
- Scott R. Crump (person) — Appointed Director
- Marjorie L. Bowen (person) — Appointed Director
- February 26, 2024 (date) — Date of Report
FAQ
Who has departed from Hagerty, Inc.'s board of directors?
Patrick J. Gallagher has departed from Hagerty, Inc.'s board of directors.
Who are the newly appointed directors at Hagerty, Inc.?
Scott R. Crump and Marjorie L. Bowen have been appointed as new directors at Hagerty, Inc.
What is the date of the report filed by Hagerty, Inc.?
The date of the report filed by Hagerty, Inc. is February 26, 2024.
What specific items are covered in this 8-K filing for Hagerty, Inc.?
This 8-K filing covers the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Hagerty, Inc.'s state of incorporation?
Hagerty, Inc. is incorporated in Delaware.
Filing Stats: 528 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-03-01 16:00:45
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share HGTY The New York Stock Excha
- $11.50 — mon stock, each at an exercise price of $11.50 per share HGTY.WS The New York Stock Ex
Filing Documents
- hgty-20240226.htm (8-K) — 25KB
- 0001840776-24-000010.txt ( ) — 202KB
- hgty-20240226.xsd (EX-101.SCH) — 3KB
- hgty-20240226_def.xml (EX-101.DEF) — 17KB
- hgty-20240226_lab.xml (EX-101.LAB) — 34KB
- hgty-20240226_pre.xml (EX-101.PRE) — 18KB
- hgty-20240226_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (formatted as Inline XBRL)
SIGNATURES
SIGNATURES 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. HAGERTY, INC. /s/ Diana M. Chafey Date: March 1, 2024 Diana M. Chafey Chief Legal Officer and Corporate Secretary