Markel Group Inc. Files 8-K on Corporate Updates
Ticker: MKL · Form: 8-K · Filed: Nov 13, 2024 · CIK: 1096343
| Field | Detail |
|---|---|
| Company | Markel Group Inc. (MKL) |
| Form Type | 8-K |
| Filed Date | Nov 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2 billion, $750 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-filing, legal-update
TL;DR
Markel Group Inc. filed an 8-K confirming its identity and corporate history, including name changes.
AI Summary
Markel Group Inc. filed an 8-K on November 13, 2024, reporting on 'Other Events'. The filing details the company's corporate structure and history, including previous names like Markel Corp and Markel Holdings Inc., with the most recent name change to Markel Group Inc. occurring on May 26, 2023. The report confirms its incorporation in Virginia and provides its principal executive office address in Glen Allen, Virginia.
Why It Matters
This filing provides essential corporate identity and historical information for Markel Group Inc., which is important for investors and stakeholders to understand the company's evolution and current structure.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not contain information that would immediately impact the company's financial risk profile.
Key Numbers
- 0001096343 — Central Index Key (Unique identifier for the filer)
- 001-15811 — Commission File Number (SEC file number for the company)
- 54-1959284 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- Markel Group Inc. (company) — Registrant
- Markel Corp (company) — Former company name
- Markel Holdings Inc (company) — Former company name
- Virginia (location) — State of incorporation
- Glen Allen (location) — City of principal executive offices
- November 13, 2024 (date) — Date of report
- May 26, 2023 (date) — Date of name change to Markel Group Inc.
FAQ
What is the primary purpose of this 8-K filing for Markel Group Inc.?
The primary purpose of this 8-K filing is to report on 'Other Events', specifically detailing corporate identity, incorporation jurisdiction, principal executive office, and historical company name changes.
When did Markel Group Inc. last change its name?
Markel Group Inc. last changed its name on May 26, 2023.
In which state is Markel Group Inc. incorporated?
Markel Group Inc. is incorporated in Virginia.
What is the address of Markel Group Inc.'s principal executive offices?
The address of Markel Group Inc.'s principal executive offices is 4521 Highwoods Parkway, Glen Allen, Virginia 23060-6148.
What were some of Markel Group Inc.'s previous company names?
Some of Markel Group Inc.'s previous company names include Markel Corp and Markel Holdings Inc.
Filing Stats: 498 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-11-13 16:33:22
Key Financial Figures
- $2 billion — orizing the Company to repurchase up to $2 billion of the Company's outstanding common sto
- $750 million — This program terminates and replaces a $750 million program authorized in November 2023 und
Filing Documents
- mkl-20241113.htm (8-K) — 26KB
- 0001096343-24-000127.txt ( ) — 146KB
- mkl-20241113.xsd (EX-101.SCH) — 2KB
- mkl-20241113_lab.xml (EX-101.LAB) — 21KB
- mkl-20241113_pre.xml (EX-101.PRE) — 12KB
- mkl-20241113_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On November 13, 2024, the Board of Directors (the Board) of Markel Group Inc. (the Company) approved a new share repurchase program with immediate effect authorizing the Company to repurchase up to $2 billion of the Company's outstanding common stock. This program terminates and replaces a $750 million program authorized in November 2023 under which $ 495 million of the Company's common stock had been repurchased through November 12, 2024. Under the new program, as under the previous program, the Company may repurchase outstanding shares of the Company's common stock from time to time in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934. The new program has no expiration date but may be terminated by the Board at any time. 2
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. MARKEL GROUP INC. November 13, 2024 By: /s/ Richard R. Grinnan Name: Richard R. Grinnan Title: Senior Vice President, Chief Legal Officer and Secretary 3