Palomar Holdings Announces Director Changes and Compensation Updates
Ticker: PLMR · Form: 8-K · Filed: Dec 30, 2024 · CIK: 1761312
| Field | Detail |
|---|---|
| Company | Palomar Holdings, Inc. (PLMR) |
| Form Type | 8-K |
| Filed Date | Dec 30, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $1,250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: PLMR
TL;DR
Palomar Holdings (PLMR) filed an 8-K detailing director departures/arrivals and executive comp changes. No major financial impact disclosed yet.
AI Summary
Palomar Holdings, Inc. announced on December 23, 2024, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of a director and the election of a new director, along with updates to compensatory arrangements for certain officers. The filing does not disclose specific names of departing or newly elected directors, nor does it detail the exact changes in compensation.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can sometimes precede or indicate larger strategic shifts or internal issues, warranting closer monitoring.
Key Players & Entities
- Palomar Holdings, Inc. (company) — Registrant
- December 23, 2024 (date) — Date of earliest event reported
- 001-38873 (other) — Commission File Number
- Delaware (other) — State of incorporation
- 7979 Ivanhoe Avenue, Suite 500 (other) — Principal executive offices address
- La Jolla, California 92037 (other) — Principal executive offices location
- 619-567-5290 (other) — Registrant's telephone number
FAQ
Who is the departing director and who is the newly elected director?
The filing does not specify the names of the departing or newly elected directors.
What specific changes were made to the compensatory arrangements of certain officers?
The filing indicates updates to compensatory arrangements but does not provide specific details on the nature or extent of these changes.
What is the effective date of the director changes and compensation updates?
The earliest event reported is dated December 23, 2024.
Are there any financial implications disclosed in this filing regarding the compensation changes?
No specific financial implications or dollar amounts related to the compensation changes are disclosed in this filing.
What is the primary reason for the director's departure?
The filing states the departure of a director but does not provide the reason for their departure.
Filing Stats: 1,592 words · 6 min read · ~5 pages · Grade level 14.3 · Accepted 2024-12-30 16:02:13
Key Financial Figures
- $0.0001 — ch registered Common Stock , par value $0.0001 per share PLMR Nasdaq Global Select
- $1,250,000 — Armstrong will receive a base salary of $1,250,000 per year, less applicable withholdings,
Filing Documents
- plmr20241223_8k.htm (8-K) — 33KB
- ex_760504.htm (EX-10.1) — 114KB
- 0001437749-24-038523.txt ( ) — 306KB
- plmr-20241223.xsd (EX-101.SCH) — 3KB
- plmr-20241223_def.xml (EX-101.DEF) — 11KB
- plmr-20241223_lab.xml (EX-101.LAB) — 15KB
- plmr-20241223_pre.xml (EX-101.PRE) — 11KB
- plmr20241223_8k_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Executive Employment Agreement, dated December 23, 2024, by and between the Company and Mac Armstrong. 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: December 30, 2024 /s/ T. Christopher Uchida T. Christopher Uchida Chief Financial Officer (Principal Financial and Accounting Officer)