8-K - EG - Equibles

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)

Everest Group, Ltd.

(Exact name of registrant as specified in its charter)

Bermuda	1-15731	98-0365432
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
Seon Place – 4th Floor<br><br>141 Front Street<br><br>PO Box HM 845<br><br>Hamilton, Bermuda		HM 19
(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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Class	Trading Symbol(s)	Name of Exchange where registered
Common Shares, $0.01 par value	EG	New York Stock Exchange

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 <br>Senior Vice President and<br>Chief Accounting Officer
Dated: January 14, 2025

EXHIBIT INDEX

Exhibit<br>Number	Description of Document	Page No.
10.1	Letter Agreement, dated January 13, 2025	5
104	Cover Page Interactive Data File (embedded<br><br>within the Inline XBRL document

Document

We underwrite <br>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.