Ryan Specialty Holdings, Inc. Files Definitive Proxy Statement
Ticker: RYAN · Form: DEF 14A · Filed: Mar 19, 2024 · CIK: 1849253
| Field | Detail |
|---|---|
| Company | Ryan Specialty Holdings, Inc. (RYAN) |
| Form Type | DEF 14A |
| Filed Date | Mar 19, 2024 |
| Risk Level | |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $352.4 m, $31.2 m, $194.5 m, $163.3 million, $107.3 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, DEF 14A, Ryan Specialty Holdings, Shareholder Meeting, Executive Compensation
TL;DR
<b>Ryan Specialty Holdings, Inc. has filed its Definitive Proxy Statement for the 2024 proxy season.</b>
AI Summary
RYAN SPECIALTY HOLDINGS, INC. (RYAN) filed a Proxy Statement (DEF 14A) with the SEC on March 19, 2024. Ryan Specialty Holdings, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 19, 2024. The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934. The company's principal executive offices are located at 155 North Wacker Drive, Suite 4000, Chicago, IL 60606. The filing indicates the company's fiscal year ends on December 31st. Ryan Specialty Holdings, Inc. was formerly known as Ryan Specialty Group Holdings, Inc. and Maverick Specialty, Inc.
Why It Matters
For investors and stakeholders tracking RYAN SPECIALTY HOLDINGS, INC., this filing contains several important signals. This filing is a standard requirement for publicly traded companies to inform shareholders about matters to be voted on at the annual meeting, including executive compensation and director elections. Shareholders should review this document to understand key proposals, understand executive compensation structures, and make informed voting decisions.
Risk Assessment
Risk Level: — RYAN SPECIALTY HOLDINGS, INC. shows moderate risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material changes or urgent issues requiring a higher risk assessment.
Analyst Insight
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to inform voting decisions.
Key Numbers
- 2024-03-19 — Filing Date (DEF 14A Filing Date)
- 1231 — Fiscal Year End (Company Fiscal Year End)
- 6411 — SIC Code (Standard Industrial Classification)
Key Players & Entities
- RYAN SPECIALTY HOLDINGS, INC. (company) — Registrant Name
- 0000950170-24-033106 (other) — Accession Number
- 1934 Act (regulatory) — SEC Act
- 001-40645 (other) — SEC File Number
- 155 NORTH WACKER DRIVE, SUITE 4000 (other) — Business Address
- CHICAGO (other) — Business Address City
- IL (other) — Business Address State
- 60606 (other) — Business Address Zip
FAQ
When did RYAN SPECIALTY HOLDINGS, INC. file this DEF 14A?
RYAN SPECIALTY HOLDINGS, INC. filed this Proxy Statement (DEF 14A) with the SEC on March 19, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by RYAN SPECIALTY HOLDINGS, INC. (RYAN).
Where can I read the original DEF 14A filing from RYAN SPECIALTY HOLDINGS, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by RYAN SPECIALTY HOLDINGS, INC..
What are the key takeaways from RYAN SPECIALTY HOLDINGS, INC.'s DEF 14A?
RYAN SPECIALTY HOLDINGS, INC. filed this DEF 14A on March 19, 2024. Key takeaways: Ryan Specialty Holdings, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 19, 2024.. The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934.. The company's principal executive offices are located at 155 North Wacker Drive, Suite 4000, Chicago, IL 60606..
Is RYAN SPECIALTY HOLDINGS, INC. a risky investment based on this filing?
Based on this DEF 14A, RYAN SPECIALTY HOLDINGS, INC. presents a moderate-risk profile. The filing is a routine DEF 14A, indicating no immediate material changes or urgent issues requiring a higher risk assessment.
What should investors do after reading RYAN SPECIALTY HOLDINGS, INC.'s DEF 14A?
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.
How does RYAN SPECIALTY HOLDINGS, INC. compare to its industry peers?
Ryan Specialty Holdings, Inc. operates in the insurance agents, brokers, and services industry.
Are there regulatory concerns for RYAN SPECIALTY HOLDINGS, INC.?
The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs proxy solicitations.
Industry Context
Ryan Specialty Holdings, Inc. operates in the insurance agents, brokers, and services industry.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs proxy solicitations.
What Investors Should Do
- Review executive compensation details and rationale.
- Examine director nominations and qualifications.
- Understand any shareholder proposals and the board's recommendation.
Key Dates
- 2024-03-19: DEF 14A Filing — Definitive proxy statement filed with the SEC.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a routine annual disclosure. No specific comparison to a prior filing's content is available from this header information.
Filing Stats: 4,775 words · 19 min read · ~16 pages · Grade level 12.3 · Accepted 2024-03-18 21:52:43
Key Financial Figures
- $352.4 m — in 2023 include: Revenue increase of $352.4 million, or 20.4%, driven by annual organ
- $31.2 m — th 1 of 15.0%. Net Income increase of $31.2 million, or 19.1%, to $194.5 million, fro
- $194.5 m — increase of $31.2 million, or 19.1%, to $194.5 million, from $163.3 million in the prior
- $163.3 million — lion, or 19.1%, to $194.5 million, from $163.3 million in the prior year. Adjusted EBITDAC 1
- $107.3 m — year. Adjusted EBITDAC 1 increase of $107.3 million, or 20.7%, to $624.7 million, fro
- $624.7 m — ncrease of $107.3 million, or 20.7%, to $624.7 million, from $517.4 million in the prior
- $517.4 million — lion, or 20.7%, to $624.7 million, from $517.4 million in the prior year. Adjusted EBITDAC m
- $0.001 — All holders of Class A common stock, $0.001 par value per share, and Class B common
Filing Documents
- ryan-20240319.htm (DEF 14A) — 1730KB
- img150566244_0.jpg (GRAPHIC) — 56KB
- img150566244_1.jpg (GRAPHIC) — 371KB
- img150566244_2.jpg (GRAPHIC) — 40KB
- img150566244_3.jpg (GRAPHIC) — 87KB
- img150566244_4.jpg (GRAPHIC) — 10KB
- img150566244_5.jpg (GRAPHIC) — 30KB
- img150566244_6.jpg (GRAPHIC) — 29KB
- img150566244_7.jpg (GRAPHIC) — 34KB
- img150566244_8.jpg (GRAPHIC) — 31KB
- img150566244_9.jpg (GRAPHIC) — 26KB
- img150566244_10.jpg (GRAPHIC) — 10KB
- img150566244_11.jpg (GRAPHIC) — 87KB
- img150566244_12.jpg (GRAPHIC) — 99KB
- img150566244_13.jpg (GRAPHIC) — 86KB
- img150566244_14.jpg (GRAPHIC) — 92KB
- img150566244_15.jpg (GRAPHIC) — 82KB
- img150566244_16.jpg (GRAPHIC) — 70KB
- img150566244_17.jpg (GRAPHIC) — 71KB
- img150566244_18.jpg (GRAPHIC) — 102KB
- img150566244_19.jpg (GRAPHIC) — 86KB
- img150566244_20.jpg (GRAPHIC) — 81KB
- img150566244_21.jpg (GRAPHIC) — 91KB
- img150566244_22.jpg (GRAPHIC) — 88KB
- img150566244_23.jpg (GRAPHIC) — 100KB
- img150566244_24.jpg (GRAPHIC) — 23KB
- img150566244_25.jpg (GRAPHIC) — 23KB
- img150566244_26.jpg (GRAPHIC) — 23KB
- img150566244_27.jpg (GRAPHIC) — 85KB
- img150566244_28.jpg (GRAPHIC) — 73KB
- img150566244_29.jpg (GRAPHIC) — 77KB
- img150566244_30.jpg (GRAPHIC) — 73KB
- img150566244_31.jpg (GRAPHIC) — 2KB
- img150566244_32.jpg (GRAPHIC) — 378KB
- img150566244_33.jpg (GRAPHIC) — 346KB
- img150566244_34.jpg (GRAPHIC) — 228KB
- 0000950170-24-033106.txt ( ) — 10052KB
- ryan-20240319.xsd (EX-101.SCH) — 25KB
- ryan-20240319_htm.xml (XML) — 188KB
Executive Compensation: Compensation Discussion and Analysis
Executive Compensation: Compensation Discussion and Analysis 29
Executive Compensation: Compensation Tables and Disclosure
Executive Compensation: Compensation Tables and Disclosure 38
Security Ownership
Security Ownership 49 Certain Beneficial Owners and Management 49 Certain Relationships 52 Related Party Transactions 52 Other Matters 55 Incorporation By Reference 55 Proposals of Stockholders and Communications with Our Board 55 Availability of SEC Filings and Where to Find Additional Information 55 Cost of Proxy Solicitation 56 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING The Board of Directors (the "Board") of Ryan Specialty Holdings, Inc. is soliciting your proxy to vote at our 2024 Annual Meeting of Stockholders to be held on April 30, 2024, at 12:00 p.m. Eastern Time in a virtual-only meeting online at www.proxydocs.com/RYAN, and any adjournment or postponement of that meeting (the "Annual Meeting"). This Proxy Statement is dated as of March 19, 2024. As used in this Proxy Statement henceforward, unless otherwise stated or the context clearly indicates otherwise, the terms the "Company," the "Registrant," "Ryan Specialty," "we," "us," and "our" refer to Ryan Specialty Holdings, Inc., a Delaware corporation. In addition to solicitations by mail, our directors, officers, and regular employees, without additional remuneration, may solicit proxies by telephone, e-mail, and personal interviews. All costs of solicitation of proxies will be borne by us. Brokers, custodians, and fiduciaries will be requested to forward proxy soliciting material to the owners of stock held in their names as of the March 11, 2024 (the "Record Date"), and we will reimburse them for their reasonable out-of-pocket expenses incurred in connection with the distribution of proxy materials. We have elected to provide access to our proxy materials on the Internet. Accordingly, we are sending a Notice of Internet Availability of Proxy Materials to our stockholders of record as of Record Date, while brokers and other nominees who hold shares on behalf of beneficial owners will be sending their own similar not