AMSF 8-K
Amerisafe Inc (AMSF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
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 December 29, 2022, Millard E. Morris, a member of the Board of Directors of AMERISAFE, Inc. (“AMERISAFE” or the “Company”), advised the Board of Directors that he would retire as a member of the Board effective December 31, 2022.
Mr. Morris, age 78, has served as a director of AMERISAFE from 1985 until 2005. He rejoined the board in June 2007.
Effective with Mr. Morris’s retirement, the Company’s Board of Directors has reduced the size of the Board from nine members to eight members.
| Item 7.01. | Regulation FD Disclosure. |
On January 5, 2023, the Company issued a press release announcing Mr. Morris’s retirement as a director of AMERISAFE.
A copy of the Company’s press release, dated January 5, 2023, is furnished as Exhibit 99.1 to this report.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit |
Description | |
| 99.1 | Press release, dated January 5, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
| AMERISAFE, INC. | ||
| By: | /s/ Kathryn H. Shirley | |
| Kathryn H. Shirley | ||
| Executive Vice President, | ||
| Chief Administrative Officer and Secretary | ||
Date: January 5, 2023
Exhibit 99.1
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AMERISAFE ANNOUNCES THE RETIREMENT OF
DIRECTOR AND FOUNDER MILLARD MORRIS
DeRidder, LA — January 5, 2023 – AMERISAFE, Inc. (Nasdaq: AMSF) a specialty provider of hazardous workers’ compensation insurance, today announced that Millard Morris retired from AMERISAFE’s Board of Directors effective December 31, 2022.
Mr. Morris founded the Company in 1985. He was the Company’s Chairman, Chief Executive Officer and principal shareholder until a majority interest in the Company was sold to a private investment group in 1997. Following that sale, he continued to serve as a director of the Company until immediately prior to the Company’s initial public offering in 2005. In 2007, Mr. Morris was asked to rejoin the Board. At the time of his retirement, Mr. Morris served as the Chair of the Risk Committee. His experience as the founder of the Company and his long-term service as a director provided him with unique knowledge of the opportunities and challenges of the workers compensation insurance industry.
“It has been an honor and privilege to serve on the Board of AMERISAFE. A Board that is composed of very smart and dedicated members. In addition, I would like to thank the outstanding CEO’s that have guided the Company during my tenure on the Board: Mark Anderson, Allen Bradley and Janelle Frost. I know that the Company is in good hands and will continue to excel as it has in the past,” Millard Morris said.
Jared Morris, the Company’s Chairman, said “My Dad and I have served on the board together since 2007. As the founder of the Company, his experience and perspective have been an invaluable resource to the Company. On behalf of the Board, we would like to thank him for his vision in starting the Company and for his many years of service to AMERISAFE.”
Janelle Frost, AMERISAFE’s President and Chief Executive Officer, said “On behalf of our employees, I also want to thank Millard for his vision for and support of AMERISAFE from its creation to the company it is today. We are grateful for his leadership and service to the Company and our community.”
About AMERISAFE
AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture and manufacturing. AMERISAFE actively markets workers’ compensation insurance in 27 states.