Safety Insurance Group Files 8-K on Operations & Officer Changes
Ticker: SAFT · Form: 8-K · Filed: Feb 27, 2024 · CIK: 1172052
| Field | Detail |
|---|---|
| Company | Safety Insurance Group Inc (SAFT) |
| Form Type | 8-K |
| Filed Date | Feb 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $235,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K Filing, Corporate Governance, Financial Reporting
TL;DR
**Safety Insurance Group just filed an 8-K covering financial results and potential officer changes, so keep an eye out for details.**
AI Summary
SAFETY INSURANCE GROUP, INC. filed an 8-K on February 27, 2024, reporting on its results of operations and financial condition. The filing also covers potential changes related to the departure or election of certain officers, their compensatory arrangements, and includes financial statements and exhibits.
Why It Matters
This filing signals that Safety Insurance Group is disclosing its latest financial performance and potentially significant changes in its executive leadership or board, which could impact future company direction and investor confidence.
Risk Assessment
Risk Level: medium — The filing indicates potential changes in leadership and financial results, which can introduce uncertainty or significant news, but the specific details are not provided in this excerpt.
Key Players & Entities
- SAFETY INSURANCE GROUP INC (company) — registrant
FAQ
What is the name of the registrant filing this 8-K?
The registrant is SAFETY INSURANCE GROUP, INC.
What is the date of the earliest event reported in this 8-K?
The earliest event reported is February 27, 2024.
What are the main items of information reported in this 8-K?
The 8-K reports on Results of Operations and Financial Condition, Departure/Election of Directors or Certain Officers and Compensatory Arrangements, and Financial Statements and Exhibits.
What is the state of incorporation for SAFETY INSURANCE GROUP, INC.?
SAFETY INSURANCE GROUP, INC. is incorporated in Delaware.
What is the business address of SAFETY INSURANCE GROUP, INC.?
The business address is 20 Custom House Street, Boston, Massachusetts 02110.
Filing Stats: 673 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-02-27 15:58:52
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share SAFT The Nasdaq Stock Mar
- $235,000 — Directors, at an annual compensation of $235,000 with benefits comparable to other offic
Filing Documents
- saft-20240227x8k.htm (8-K) — 31KB
- saft-20240227xex99d1.htm (EX-99.1) — 401KB
- saft-20240227xex99d1001.jpg (GRAPHIC) — 8KB
- 0001172052-24-000003.txt ( ) — 671KB
- saft-20240227.xsd (EX-101.SCH) — 4KB
- saft-20240227_lab.xml (EX-101.LAB) — 1KB
- saft-20240227_pre.xml (EX-101.PRE) — 10KB
- saft-20240227x8k_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. In a press release dated February 27, 2024, Safety Insurance Group, Inc. (the "Registrant") announced its fourth quarter 2023 results. The Registrant's press release dated February 27, 2024 is furnished herewith as Exhibit 99.1. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On February 27, 2024, Ann M. McKeown, 56, the Company's Vice President of Insurance Operations, communicated her intention to retire, to which the Board of Directors accepted, effective March 1, 2024. Ms. McKeown has been employed by the Registrant's insurance subsidiaries for over 34 years. (c) On February 27, 2024, Brian S. Lam, 44, was appointed the Company's Vice President of Insurance Operations, effective March 1, 2024. Mr. Lam has held the Director of Insurance Operations and Customer Engagement position with the Company since 2014 and began his career with the Registrant's insurance subsidiaries in 2002. Mr. Lam and the Company executed a one-year employment contract, to be renewed annually on approval from the Board of Directors, at an annual compensation of $235,000 with benefits comparable to other officers of the Company. The foregoing is a summary only and does not purport to be a complete description of all of the terms, provisions, covenants and agreements contained in the employment contract. There are no family relationships between Mr. Lam and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Additionally, there have been no transactions involving Mr. Lam that would require disclosure under Item 404(a) of Regulation S-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibit is furnished herewith: Exhibit Number Description 99.1 Text of press release issued by the Registrant dated February 27, 202 4 104 The cover page from this Current Report on form 8-K, formatted in Inline XBRL
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. Safety Insurance Group, Inc. (Registrant) Date: February 27, 2024 By: /s/ CHRISTOPHER T. WHITFORD Christopher T. Whitford V.P., Chief Financial Officer and Secretary