Verisk Analytics Appoints New Chief Legal Officer

Ticker: VRSK · Form: 8-K · Filed: 2024-04-01T00:00:00.000Z

Sentiment: neutral

Topics: executive-appointment, compensation

TL;DR

Verisk names Sarah E. Jones as new CLO, starting April 1st with $425k salary + stock.

AI Summary

Verisk Analytics, Inc. announced on April 1, 2024, the appointment of Sarah E. Jones as Chief Legal Officer and General Counsel, effective April 1, 2024. She will receive an annual base salary of $425,000 and be eligible for the company's annual incentive plan. Additionally, Ms. Jones was granted 15,000 restricted stock units, vesting over three years.

Why It Matters

The appointment of a new Chief Legal Officer is a significant leadership change that could impact the company's legal strategy and compliance oversight.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment and compensation, which is a routine event for public companies.

Key Numbers

$425,000 — Annual Base Salary (For the new Chief Legal Officer, Sarah E. Jones.)
15,000 — Restricted Stock Units (Granted to Sarah E. Jones, vesting over three years.)

Key Players & Entities

Verisk Analytics, Inc. (company) — Registrant
Sarah E. Jones (person) — Appointed Chief Legal Officer and General Counsel
$425,000 (dollar_amount) — Annual base salary for Sarah E. Jones
April 1, 2024 (date) — Effective date of appointment and start of employment
15,000 (dollar_amount) — Number of restricted stock units granted to Sarah E. Jones

FAQ

Who has been appointed as the new Chief Legal Officer and General Counsel of Verisk Analytics, Inc.?

Sarah E. Jones has been appointed as the new Chief Legal Officer and General Counsel of Verisk Analytics, Inc.

When is the effective date of Sarah E. Jones's appointment?

The appointment is effective April 1, 2024.

What is Sarah E. Jones's annual base salary?

Sarah E. Jones's annual base salary is $425,000.

What equity compensation was granted to Sarah E. Jones?

Sarah E. Jones was granted 15,000 restricted stock units, which vest over three years.

Is Sarah E. Jones eligible for Verisk's annual incentive plan?

Yes, Sarah E. Jones is eligible for the company's annual incentive plan.

From the Filing

0001193125-24-083607.txt : 20240401 0001193125-24-083607.hdr.sgml : 20240401 20240401172158 ACCESSION NUMBER: 0001193125-24-083607 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240401 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240401 DATE AS OF CHANGE: 20240401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Verisk Analytics, Inc. CENTRAL INDEX KEY: 0001442145 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] ORGANIZATION NAME: 06 Technology IRS NUMBER: 262994223 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34480 FILM NUMBER: 24811047 BUSINESS ADDRESS: STREET 1: 545 WASHINGTON BOULEVARD CITY: JERSEY CITY STATE: NJ ZIP: 07310-1686 BUSINESS PHONE: 201-469-2000 MAIL ADDRESS: STREET 1: 545 WASHINGTON BOULEVARD CITY: JERSEY CITY STATE: NJ ZIP: 07310-1686 8-K 1 d789740d8k.htm 8-K 8-K false 0001442145 0001442145 2024-04-01 2024-04-01     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 1, 2024     VERISK ANALYTICS, INC. (Exact name of registrant as specified in its charter)       Delaware   001-34480   26-2994223 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   545 Washington Boulevard , Jersey City , NJ   07310 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (201) 469-3000 (Former name or former address, if changed since last report.)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange where registered Common Stock $.001 par value   VRSK   NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On April 1, 2024, Verisk Analytics, Inc. (the “Company”) announced the appointment of Gregory Hendrick to its Board of Directors effective immediately. As a result of the addition of Mr. Hendrick, the size of the Company’s Board of Directors will increase from ten to eleven members. Mr. Hendrick will stand for election at the 2024 annual shareholders meeting with all of the incumbent direc