MGIC Investment Corp. Announces Board and Executive Compensation Changes

Ticker: MTG · Form: 8-K · Filed: 2025-06-13T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

TL;DR

MGIC board shakeup & comp changes effective June 11, 2025.

AI Summary

MGIC Investment Corporation announced changes to its board of directors and executive compensation arrangements on June 11, 2025. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives. These changes are effective as of June 11, 2025.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which typically carry low immediate risk.

Key Players & Entities

FAQ

What specific roles have seen departures or appointments?

The filing indicates the 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers' as key items, but does not list specific names or roles within this summary.

What are the details of the compensatory arrangements?

The filing lists 'Compensatory Arrangements of Certain Officers' as an item, but the specific details of these arrangements are not provided in the initial summary.

When were these changes officially reported?

The filing was made as of June 13, 2025, reporting events that occurred on June 11, 2025.

What is MGIC Investment Corporation's primary business?

MGIC Investment Corporation is in the SURETY INSURANCE industry, SIC code 6351.

Where is MGIC Investment Corporation headquartered?

The company's principal executive offices are located at 250 East Kilbourn Avenue, Milwaukee, Wisconsin, 53202.

From the Filing

0000876437-25-000108.txt : 20250613 0000876437-25-000108.hdr.sgml : 20250613 20250613160253 ACCESSION NUMBER: 0000876437-25-000108 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250611 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250613 DATE AS OF CHANGE: 20250613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGIC INVESTMENT CORP CENTRAL INDEX KEY: 0000876437 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] ORGANIZATION NAME: 02 Finance EIN: 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: 251046359 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-20250611.htm 8-K mtg-20250611 0000876437 false 0000876437 2025-06-11 2025-06-11 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):   June 11, 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. (b) Senior Vice President, Chief Information Officer Robert J. Candelmo has been separated from service with Mortgage Guaranty Insurance Corporation, a wholly owned subsidiary of MGIC Investment Corporation (the “Company”), effective June 11, 2025. In connection with Mr. Candelmo’s departure, and subject to his execution of a release of claims, he will receive severance benefits pursuant to the terms of the C

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