Everest Group, Ltd 8-K, filed Jan 14, 2025
Everest Group, Ltd. (EG)
8-K
2025-01-14
For: 2025-01-13
View Original
Added on
April 08, 2026
About this 8-K
Everest Group, Ltd filed this 8-K on January 14, 2025, reporting on events of January 13, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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)
January 14, 2025 (January 13, 2025 )
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission | (IRS Employer | ||||||
| of incorporation) | File Number) | Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
Registrant’s telephone number, including area code 441 -295-0006
Not Applicable | ||
(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:
| Class | Trading Symbol(s) | Name of Exchange where registered | ||||||||||||
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 of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on January 8, 2025, Everest Group, Ltd. (“Everest”) disclosed that its Board of Directors (the “Board”) had appointed Jim Williamson as Acting Chief Executive Officer (“Acting CEO”) and as a member of the Board.
In recognition of his new responsibilities, Mr. Williamson will receive an additional stipend of $25,000 per month during his tenure as Acting CEO pursuant to a letter agreement dated January 13, 2025 (the “Letter Agreement”). The Letter Agreement did not change any of the other terms of Mr. Williamson’s compensation.
The above description is qualified in its entirety by reference to the Letter Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| (d) | Exhibits | ||||||||||
| Exhibit No. | Description | ||||||||||
| 10.1 | Letter Agreement, dated January 13, 2025 | ||||||||||
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.
| EVEREST GROUP, LTD. | ||||||||
| By: | /S/ ROBERT J. FREILING | |||||||
| Robert J. Freiling Senior Vice President and Chief Accounting Officer | ||||||||
| Dated: January 14, 2025 | ||||||||
EXHIBIT INDEX
| Exhibit Number | Description of Document | Page No. | ||||||||||||
| 5 | ||||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document | |||||||||||||
 | We underwrite opportunity. | ||||
Everest Global Services, Inc.
100 Everest Way
Warren, NJ 07059
Tel: (908) 604-3000
Fax: (908) 604-3322
www.everestglobal.com
January 13, 2025
Jim Williamson
Acting Chief Executive Officer
Dear Jim,
I am pleased to advise that in recognition of your new responsibilities as Acting Chief Executive Officer, Everest Group, Ltd., effective immediately, you will receive a monthly stipend of $25,000 (less applicable withholdings). This monthly stipend will be paid to you in the second payroll of each month and will continue to be paid as long as you serve in the role of Acting Chief Executive Officer, Everest Group Ltd.
Other than the above, no other terms of your compensation are changing at this time.
Congratulations, and thank you for your ongoing commitment to Everest.
Sincerely,
| /s/ Gail Van Beveren | ||
Gail Van Beveren
EVP and Chief Human Resources Officer
Agreed Upon:
| /s/ Jim Williamson | ||
Jim Williamson Date
Everest Group, Ltd. ("Everest") is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda, and other territories. Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world. Everest common stock (NYSE: EG) is a component of the S&P 500 index. Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com. All issuing companies may not do business in all jurisdictions.