MGIC Investment Corp Elects New Directors

Ticker: MTG · Form: 8-K · Filed: 2025-02-11T00:00:00.000Z

Sentiment: neutral

Topics: board-of-directors, governance, personnel-change

Related Tickers: MTG

TL;DR

MGIC adds two new directors to the board, effective immediately.

AI Summary

MGIC Investment Corporation announced on February 9, 2025, a change in its board of directors. Specifically, the company elected two new directors, Michael J. Nolan and Robert D. Nealon, to its Board, effective immediately. This filing also disclosed compensatory arrangements for certain officers, though specific details were not provided in this excerpt.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine board appointments and compensatory arrangements, which are standard corporate governance disclosures.

Key Players & Entities

FAQ

Who were the newly elected directors for MGIC Investment Corporation?

Michael J. Nolan and Robert D. Nealon were elected as new directors.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on February 9, 2025.

What is the principal executive office address for MGIC Investment Corporation?

The address is 250 E. Kilbourn Avenue, Milwaukee, Wisconsin 53202.

What is the SIC code for MGIC Investment Corporation?

The Standard Industrial Classification (SIC) code is 6351 for Surety Insurance.

What other items are mentioned in the filing besides director changes?

The filing also mentions the election of directors and compensatory arrangements of certain officers.

From the Filing

0000876437-25-000025.txt : 20250211 0000876437-25-000025.hdr.sgml : 20250211 20250211155921 ACCESSION NUMBER: 0000876437-25-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250209 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250211 DATE AS OF CHANGE: 20250211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGIC INVESTMENT CORP CENTRAL INDEX KEY: 0000876437 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] ORGANIZATION NAME: 02 Finance IRS NUMBER: 391486475 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10816 FILM NUMBER: 25609638 BUSINESS ADDRESS: STREET 1: 250 EAST KILBOURN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4143476480 MAIL ADDRESS: STREET 1: 250 EAST KILBOURN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 8-K 1 mtg-20250209.htm 8-K mtg-20250209 0000876437 false 0000876437 2025-02-09 2025-02-09 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):   February 9, 2025 MGIC Investment Corporation __________________________________________ (Exact name of registrant as specified in its charter) Wisconsin 1-10816 39-1486475 __________________________________ (State or other jurisdiction of incorporation) _____________________ (Commission File Number) ____________________________ (I.R.S. Employer Identification No.)        250 E. Kilbourn Avenue Milwaukee, Wisconsin 53202 ________________________________ (Address of principal executive offices) ___________ (Zip Code) Registrant’s telephone number, including area code:   (414) 347-6480   Not Applicable   Former name or former address, if changed since last report Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common stock MTG New York Stock Exchange 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)) Indicate by check mark whether the registrant is an emerging growth company as defined in 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 February 9, 2025, Timothy A. Holt, a member of the Board of Directors (the “Board”) of MGIC Investment Corporation (the “Corporation”) informed the Corporation that he does not intend to stand for re-election to the Board once his current term ends at the Annual Meeting of Shareholders to be held on April 24, 2025. Mr. Holt’s decision was not because of any disagreement on any matter r

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