UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction | (Commission | (IRS Employer |
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(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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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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 12(a) of the Exchange Act. ☐
ITEM 5.02 | Departure of Directors or Certain Officers; Election or Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
At the 2020 Annual General Meeting of Shareholders of Everest Re Group, Ltd. (the “Company”) held on May 11, 2020, the Company’s shareholders approved the Everest Re Group, Ltd. 2020 Stock Incentive Plan (the “2020 Plan”) to replace the expiring Everest Re Group, Ltd. 2010 Stock Incentive Plan. A more complete description of the 2020 Plan is contained in the Company’s proxy statement dated April 9, 2020 (the "2020 Proxy Statement") as filed with the Securities and Exchange Commission, under the heading "Proposal No. 4—Approval of the Everest Re Group, Ltd. 2020 Stock Incentive Plan," which section is hereby incorporated herein by reference. The 2020 Plan provides for the grant of non-qualified and incentive stock options, stock appreciation rights, restricted stock, and stock awards. Awards may be granted under the 2020 Plan to employees as defined under the 2020 Plan. The total number of shares that may be granted under the 2020 Plan is 1,400,000 subject to the provisions of the 2020 Plan. The descriptions of the 2020 Plan set forth herein and in the 2020 Proxy Statement are qualified in their entirety by reference to the complete text of the 2020 Plan; see Exhibit 10.1 hereto for the complete text of the 2020 Plan.
ITEM 5.07 | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS |
(a) The Annual General Meeting of Shareholders of the registrant was held on May 11, 2020.
(b) The shareholders elected Director nominees John J. Amore, Juan C. Andrade, William F. Galtney, Jr., John A. Graf, Merly Hartzband, Gerri Losquadro, Roger M. Singer, Joseph V. Taranto and John A. Weber; appointed PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2020; approved, by non-binding advisory vote, the 2019 compensation paid to the Company’s Named Executive Officers and approved the 2020 Everest Re Group, Ltd. Stock Incentive Plan.
The votes cast with respect to each such matter are as follows:
Total Shares Represented at the Meeting in Person or Proxy 41,911,737
Election of directors each to serve a one year period to expire at the 2021 Annual General Meeting of Shareholders
| VOTES FOR | AGAINST | ABSTAIN | NON-VOTES | UNCAST |
Election of directors each to serve a one year period to |
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expire at the 2021 Annual General Meeting of Shareholders |
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John J. Amore | 40,068,507 | 758,509 | 42,926 | 1,041,795 | - |
Juan C. Andrade | 40,308,162 | 520,418 | 41,362 | 1,041,795 | - |
William F. Galtney, Jr. | 38,052,208 | 2,775,814 | 41,920 | 1,041,795 | - |
John A. Graf | 40,309,238 | 518,884 | 41,820 | 1,041,795 | - |
Meryl Hartzband | 40,772,341 | 66,096 | 31,505 | 1,041,795 | - |
Gerri Losquadro | 40,425,724 | 413,333 | 30,885 | 1,041,795 | - |
Roger M. Singer | 40,250,359 | 577,439 | 42,144 | 1,041,795 | - |
Joseph V. Taranto | 39,792,132 | 1,034,411 | 43,399 | 1,041,795 | - |
John A. Weber | 38,863,009 | 1,964,983 | 41,950 | 1,041,795 | - |
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Appointment of PricewaterhouseCoopers LLP as the Company’s |
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independent registered public accounting firm for the year ending |
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December 31, 2020 | 39,886,062 | 1,976,279 | 49,396 | - | - |
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Approval, by non-binding advisory vote, of the 2019 compensation |
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paid to the Company’s Named Executive Officers | 38,409,410 | 2,420,820 | 39,712 | 1,041,795 | - |
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Approval of the Everest Re Group, Ltd. 2020 Stock Incentive Plan | 39,191,225 | 1,640,217 | 38,500 | 1,041,795 | - |
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.
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| EVEREST RE GROUP, LTD. | ||
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| By: | /s/ Craig Howie | ||
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| Craig Howie | ||
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| Executive Vice President and | ||
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| Chief Financial Officer | |
Dated: May 15, 2020
EXHIBIT INDEX
ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
Exhibit |
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| 5 |