James River Group Announces Board and Executive Changes
Ticker: JRVR · Form: 8-K · Filed: Jul 31, 2024 · CIK: 1620459
| Field | Detail |
|---|---|
| Company | James River Group Holdings, Ltd. (JRVR) |
| Form Type | 8-K |
| Filed Date | Jul 31, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0002, $572,000, $669,955 M, $331,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-appointment
Related Tickers: JRVR
TL;DR
JRVR board shakeup: New directors and execs appointed, including new CUO and CFO.
AI Summary
James River Group Holdings, Ltd. announced on July 25, 2024, the departure of Director David R. Briones and the election of new Directors, including Michael J. LaGumina, Robert J. L. McTavish, and Michael J. O'Connor. The company also appointed Michael J. LaGumina as Chief Underwriting Officer and Michael J. O'Connor as Chief Financial Officer. These changes are effective immediately.
Why It Matters
Significant changes in board composition and executive leadership can signal strategic shifts or operational adjustments within the company, potentially impacting its future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key leadership and board composition can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- James River Group Holdings, Ltd. (company) — Registrant
- David R. Briones (person) — Departing Director
- Michael J. LaGumina (person) — Elected Director and Chief Underwriting Officer
- Robert J. L. McTavish (person) — Elected Director
- Michael J. O'Connor (person) — Elected Director and Chief Financial Officer
- July 25, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Board of Directors?
David R. Briones has departed from the Board of Directors.
Who are the newly elected Directors?
Michael J. LaGumina, Robert J. L. McTavish, and Michael J. O'Connor have been elected as Directors.
What new executive roles have been filled?
Michael J. LaGumina has been appointed as Chief Underwriting Officer, and Michael J. O'Connor has been appointed as Chief Financial Officer.
When were these changes effective?
The changes were effective as of July 25, 2024.
What is the company's principal executive office address?
The principal executive offices are located at Clarendon House, 2 Church Street, Hamilton, Pembroke HM11, Bermuda.
Filing Stats: 1,217 words · 5 min read · ~4 pages · Grade level 13.3 · Accepted 2024-07-31 16:20:23
Key Financial Figures
- $0.0002 — ch registered Common Shares, par value $0.0002 per share JRVR NASDAQ Global Select Mar
- $572,000 — Aggregate Award Amount Sarah C. Doran $572,000 Richard J. Schmitzer $669,955 Michael
- $669,955 M — C. Doran $572,000 Richard J. Schmitzer $669,955 Michael J. Hoffmann $331,500 The forego
- $331,500 — Schmitzer $669,955 Michael J. Hoffmann $331,500 The foregoing description of the Rete
Filing Documents
- jrvr-20240725.htm (8-K) — 37KB
- jrvrex101-formofretentiona.htm (EX-10.1) — 17KB
- jrvrex102-amendedandrestat.htm (EX-10.2) — 107KB
- image.jpg (GRAPHIC) — 72KB
- 0001620459-24-000104.txt ( ) — 417KB
- jrvr-20240725.xsd (EX-101.SCH) — 2KB
- jrvr-20240725_lab.xml (EX-101.LAB) — 23KB
- jrvr-20240725_pre.xml (EX-101.PRE) — 13KB
- jrvr-20240725_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following Exhibits are filed as part of this Form 8-K: Exhibit No. Description 10.1 Form of Retention Award Letter 10.2 Amended and Restated Employment Agreement, dated as of July 30, 2024, by and between Frank D'Orazio, James River Group Holdings, Ltd. and James River Group Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. JAMES RIVER GROUP HOLDINGS, LTD. Dated: July 31, 2024 By: /s/ Sarah C. Doran Sarah C. Doran Chief Financial Officer