SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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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.
On April 16, 2025, F. Michael Crowley, a member of the Board of Directors (the "Board") of Hagerty, Inc. (the "Company"), informed the Company that he does not intend to stand for re-election at the Company's 2025 annual meeting of stockholders (the "Annual Meeting"). Mr. Crowley's Board service, including his membership on the Company's Talent, Culture, and Compensation and Nominating and Governance Committees, will end immediately prior to the Annual Meeting, which is expected to take place on June 3, 2025. Mr. Crowley’s decision not to stand for re-election is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.
Pursuant to the Investor Rights Agreement, dated August 17, 2021, among the Company, Hagerty Holding Corp., State Farm Automobile Insurance Company, and Markel Group Inc. ("Markel"), Markel is entitled to designate a director to the Board, and Mr. Crowley has historically served as Markel's designee. In connection with Mr. Crowley's departure, Markel has designated Michael R. Heaton, who currently serves as Markel's Executive Vice President & Chief Operating Officer, to serve as its designee on the Board. Mr. Heaton's designation is subject to Mr. Crowley ceasing to be a member of the Board immediately prior to the Annual Meeting and Mr. Heaton's election as a director at the Annual Meeting.
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.
HAGERTY, INC. | ||||||||
| /s/ Diana M. Chafey | ||||||||
Date: April 16, 2025 | Diana M. Chafey | |||||||
| Chief Legal Officer and Corporate Secretary | ||||||||