Arch Capital Group Ltd. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
$ACGL
Property-Casualty Insurers
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of New Directors.
On August 27, 2024, Arch Capital Group Ltd.’s (“ACGL”) Board of Directors (“Board”) unanimously approved the appointment of Dan Houston and Neal Triplett to serve as Class II directors of the Board, effective August 27, 2024. Neither Mr. Houston nor Mr. Triplett have been appointed to serve on any Board committee at this time.
There are no arrangements or understandings between either of these individuals and any other person pursuant to which either Mr. Houston or Mr. Triplett was selected to serve as a director. Neither Mr. Houston nor Mr. Triplett is a party to any current or proposed transaction with ACGL requiring disclosure under Item 404(a) of Regulation S-K. Neither Mr. Houston nor Mr. Triplett is a party to or participates in any other material plan, contract or arrangement (whether or not written) that is entered into or was materially amended in connection with the individual’s selection to serve as a director of ACGL. There also has been no other grant or award to either Mr. Houston or Mr. Triplett or a modification thereto, under any such plan, contract or arrangement in connection with the individual’s selection to serve as a director of ACGL.
Both Mr. Houston and Mr. Triplett will be entitled to the compensation that ACGL pays its other non-employee directors in the form of cash and equity. For more information on the compensation of ACGL’s directors, please refer to the disclosure under the heading “Director Compensation” in ACGL's definitive proxy statement for its 2024 Annual General Meeting of Shareholders, filed with the Securities and Exchange Commission on March 28, 2024, which disclosure is incorporated herein by reference.
ITEM 8.01 Other Events.
On August 27, 2024, ACGL issued a press release announcing the appointment of new directors. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d): The following exhibits are being filed herewith.
| EXHIBIT NO. | DESCRIPTION | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ARCH CAPITAL GROUP LTD. | |||||||||||
| Date: August 27, 2024 | By: | /s/ François Morin | |||||||||
| Name: | François Morin | ||||||||||
| Title: | Executive Vice President, Chief Financial Officer and Treasurer | ||||||||||
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