Palomar Holdings Appoints New CFO, Michelle B. Smith
Ticker: PLMR · Form: 8-K · Filed: Jun 20, 2024 · CIK: 1761312
| Field | Detail |
|---|---|
| Company | Palomar Holdings, Inc. (PLMR) |
| Form Type | 8-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $425,000, $550,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo-transition, leadership-change
Related Tickers: PLMR
TL;DR
Palomar Holdings names Michelle B. Smith as new CFO, replacing Chris Lee who moves to advisor role.
AI Summary
On June 20, 2024, Palomar Holdings, Inc. announced the appointment of Michelle B. Smith as Chief Financial Officer, effective July 1, 2024. Smith will succeed current CFO, Christopher M. Lee, who will transition to a Senior Advisor role until his retirement on December 31, 2024. Smith previously served as CFO of The Navigators Group, Inc.
Why It Matters
This leadership change in the finance department could signal strategic shifts or a focus on future growth under new financial direction.
Risk Assessment
Risk Level: low — The filing details a planned executive transition and appointment, which is a standard corporate event and does not inherently indicate significant risk.
Key Players & Entities
- Palomar Holdings, Inc. (company) — Registrant
- Michelle B. Smith (person) — Appointed Chief Financial Officer
- Christopher M. Lee (person) — Outgoing Chief Financial Officer
- July 1, 2024 (date) — Effective date of new CFO appointment
- December 31, 2024 (date) — Retirement date of outgoing CFO
- The Navigators Group, Inc. (company) — Previous employer of new CFO
FAQ
Who is the new Chief Financial Officer of Palomar Holdings, Inc.?
Michelle B. Smith has been appointed as the new Chief Financial Officer of Palomar Holdings, Inc.
When does Michelle B. Smith's appointment as CFO become effective?
Michelle B. Smith's appointment as CFO is effective July 1, 2024.
What is the role of Christopher M. Lee after the transition?
Christopher M. Lee will transition to a Senior Advisor role until his retirement on December 31, 2024.
What was Michelle B. Smith's previous role?
Michelle B. Smith previously served as the Chief Financial Officer of The Navigators Group, Inc.
What is the exact date of the report?
The date of the report is June 20, 2024.
Filing Stats: 833 words · 3 min read · ~3 pages · Grade level 9.4 · Accepted 2024-06-20 16:14:37
Key Financial Figures
- $0.0001 — ch registered Common Stock , par value $0.0001 per share PLMR The Nasdaq Stock Mark
- $425,000 — led to receive an annual base salary of $425,000. He will also be eligible to participat
- $550,000 — entitled to receive a one-time grant of $550,000 in restricted stock units, which will v
Filing Documents
- plmr20240620c_8k.htm (8-K) — 30KB
- ex_690934.htm (EX-99.1) — 8KB
- ex_690934img001.jpg (GRAPHIC) — 5KB
- 0001437749-24-020787.txt ( ) — 178KB
- plmr-20240620.xsd (EX-101.SCH) — 3KB
- plmr-20240620_def.xml (EX-101.DEF) — 11KB
- plmr-20240620_lab.xml (EX-101.LAB) — 15KB
- plmr-20240620_pre.xml (EX-101.PRE) — 11KB
- plmr20240620c_8k_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On June 20, 2024, the Company issued a press release announcing the appointments of Messrs. Herve and Carter. A copy of the press release is furnished herewith as Exhibit 99.1.
01. Other Events
Item 8.01. Other Events. On June 20, 2024, the Board appointed Tim Carter as Chief People Officer, effective June 24, 2024 and subject to the entry into a formal employment agreement with Mr. Carter.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release, dated June 20, 2024. 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. PALOMAR HOLDINGS, INC. Date: June 20, 2024 /s/ T. Christopher Uchida T. Christopher Uchida Chief Financial Officer (Principal Financial and Accounting Officer)