Markel Group Inc. Files Definitive Proxy Statement

TL;DR

<b>Markel Group Inc. has filed its Definitive Proxy Statement for the period ending May 22, 2024.</b>

AI Summary

MARKEL GROUP INC. (MKL) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. Markel Group Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024. The filing covers the period ending May 22, 2024. The company's principal executive offices are located at 4521 Highwoods Parkway, Glen Allen, VA 23060-6148. Markel Group Inc. was formerly known as Markel Corp until May 26, 2023. The SIC code for Markel Group Inc. is 6331 (Fire, Marine & Casualty Insurance).

Why It Matters

For investors and stakeholders tracking MARKEL GROUP INC., this filing contains several important signals. This DEF 14A filing is a standard regulatory requirement for publicly traded companies, providing shareholders with information regarding annual meetings, director elections, executive compensation, and other corporate governance matters. Shareholders should review this document to understand key proposals, executive compensation details, and director nominations before the annual meeting, enabling informed voting decisions.

Risk Assessment

Risk Level: low — MARKEL GROUP INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material events or significant changes requiring a higher risk assessment.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to make informed voting decisions.

Key Numbers

• 2024-04-04 — Filing Date (DEF 14A Filing Date)
• 2024-05-22 — Period of Report (Conformed Period of Report)
• 1934 Act — SEC Act (SEC Act under which filing is made)
• 001-15811 — SEC File Number (SEC File Number)
• 6331 — SIC Code (Standard Industrial Classification Code)

Key Players & Entities

• MARKEL GROUP INC. (company) — Filer
• 4521 HIGHWOODS PARKWAY (location) — Business Address
• GLEN ALLEN (location) — Business Address City
• VA (location) — Business Address State
• 23060-6148 (location) — Business Address ZIP
• MARKEL CORP (company) — Former Company Name
• MARKEL HOLDINGS INC (company) — Former Company Name
• 20230526 (date) — Date of Name Change from Markel Corp

FAQ

Industry Context

Markel Group Inc. operates within the Fire, Marine & Casualty Insurance industry.

Regulatory Implications

The filing is a DEF 14A, which is a standard disclosure document required by the Securities and Exchange Commission (SEC) for public companies.

What Investors Should Do

1. Review the full DEF 14A filing for detailed information on director nominees and their qualifications.
2. Examine the executive compensation section to understand the pay structure and performance incentives for named executive officers.
3. Identify any shareholder proposals and understand the company's recommendation on how to vote on them.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure and does not represent a change from previous filings in terms of the type of document submitted.

Filing Documents

• mkl-20240401.htm (DEF 14A) — 925KB
• mkl-20240401_g1.jpg (GRAPHIC) — 51KB
• mkl-20240401_g10.jpg (GRAPHIC) — 77KB
• mkl-20240401_g11.jpg (GRAPHIC) — 94KB
• mkl-20240401_g12.jpg (GRAPHIC) — 91KB
• mkl-20240401_g13.jpg (GRAPHIC) — 747KB
• mkl-20240401_g14.jpg (GRAPHIC) — 113KB
• mkl-20240401_g15.jpg (GRAPHIC) — 101KB
• mkl-20240401_g16.jpg (GRAPHIC) — 115KB
• mkl-20240401_g17.jpg (GRAPHIC) — 518KB
• mkl-20240401_g18.jpg (GRAPHIC) — 207KB
• mkl-20240401_g2.jpg (GRAPHIC) — 90KB
• mkl-20240401_g3.jpg (GRAPHIC) — 36KB
• mkl-20240401_g4.jpg (GRAPHIC) — 89KB
• mkl-20240401_g5.jpg (GRAPHIC) — 1310KB
• mkl-20240401_g6.jpg (GRAPHIC) — 88KB
• mkl-20240401_g7.jpg (GRAPHIC) — 92KB
• mkl-20240401_g8.jpg (GRAPHIC) — 89KB
• mkl-20240401_g9.jpg (GRAPHIC) — 6874KB
• 0001096343-24-000049.txt (&nbsp;) — 29583KB
• mkl-20240401.xsd (EX-101.SCH) — 5KB
• mkl-20240401_def.xml (EX-101.DEF) — 7KB
• mkl-20240401_lab.xml (EX-101.LAB) — 10KB
• mkl-20240401_pre.xml (EX-101.PRE) — 6KB
• mkl-20240401_htm.xml (XML) — 223KB

From the Filing

mkl-20240401 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) x Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Markel Group Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): x No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 MARKEL GROUP INC. Notice of Annual Meeting of Shareholders To the Shareholders of Markel Group Inc.: Notice is hereby given that the 2024 Annual Meeting of Shareholders of Markel Group Inc. (the Company) will be held at the University of Richmond's Robins Center, 365 College Road, Richmond, Virginia on Wednesday, May 22, 2024, starting at 2:00 p.m. ET. The purposes for which the meeting is being held are: 1. To elect the director nominees listed in the accompanying Proxy Statement to the Board of Directors to serve until the next annual meeting of shareholders; 2. To hold an advisory vote on approval of executive compensation; 3. To approve the Company's 2024 Equity Incentive Compensation Plan; 4. To ratify the selection of KPMG LLP by the Audit Committee of the Board of Directors as the Company's independent registered public accounting firm for the year ending December 31, 2024; 5. To vote on a shareholder proposal if properly presented at the meeting; and 6. To transact such other business as may properly come before the meeting. This year, we are again taking advantage of the Securities and Exchange Commission rule allowing shareholders to receive proxy materials over the Internet. A notice of internet availability of proxy materials was mailed or emailed to most beneficial owners of our shares on or about April 4, 2024. Shareholders can request a paper or email copy of the proxy materials by following the instructions in the notice. In any case, it is important that your shares be represented and voted. Whether or not you expect to attend the meeting in person, you are requested to promptly vote and submit your proxy by phone, via the Internet, or, if you have received a paper copy of the proxy materials by mail, by signing, dating, and returning your proxy card in the envelope provided, on which no postage is needed if mailed in the United States. A copy of the Company's Annual Report to Shareholders for the year ended December 31, 2023 is being mailed with this Notice and the Proxy Statement to shareholders receiving paper copies. You are cordially invited to attend the meeting. Directions to attend the in-person meeting may be obtained by writing Investor Relations, at 4521 Highwoods Parkway, Glen Allen, Virginia, 23060 or by emailing IR@markel.com. If you plan to attend the meeting, we encourage you to register in advance, and to review the event and venue information made available, at www.MKLReunion.com. By Order of the Board of Directors Richard R. Grinnan Secretary April 4, 2024 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 22, 2024 The Company's Proxy Statement for the 2024 Annual Meeting of Shareholders and the Company's 2023 Annual Report to Shareholders, which includes our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, are available at www.mklgroup.com/proxymaterials . MARKEL GROUP INC. 4521 Highwoods Parkway Glen Allen, Virginia 23060 PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD MAY 22, 2024 The accompanying proxy is solicited by the Board of Directors (the Board) of Markel Group Inc. (Markel Group, or the Company) for use at the 2024 Annual Meeting of Shareholders of the Company (the 2024 Annual Meeting) to be held May 22, 2024, or any adjournments of the meeting, for the purposes set forth in this Proxy Statement and the attached Notice of Annual Meeting of Shareholders. A Notice of Internet Availability of Proxy Materials (the E-Proxy Notice), containing instructions on how to access this Proxy Statement and the Company's Annual Report to Shareholders for the fiscal year ended December 31, 2023 (the Annual Report to Shareholders) online, was mailed or emailed to most of the Company's shareholders on or about April 4, 2024. On or about that date, we also began mailing a full set of proxy materials to other shareholders, including those shareholders who had previously requested paper copies of our proxy materials. If you received the E-Proxy Notice by mail, you

View Full Filing

View this DEF 14A filing on SEC EDGAR