Rli Corp 8-K, filed Nov 13, 2023
Rli Corp (RLI)
About this 8-K
Rli Corp filed this 8-K on November 13, 2023, reporting on events of November 8, 2023.
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
CURRENT REPORT
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The Securities Exchange Act of 1934
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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.
(d) On November 8, 2023, the RLI Corp. (“RLI”) Board of Directors (“Board”) appointed Clark C. Kellogg as member of the Board, effective January 1, 2024. The Board has determined that Mr. Kellogg is an independent director under applicable rules of the New York Stock Exchange. The Board appointed Mr. Kellogg as a member of the Human Capital & Compensation and Finance & Investment Committees of the Board. Mr. Kellogg will stand for election at RLI’s next annual shareholders’ meeting.
As non-employee member of the Board, Mr. Kellogg will receive compensation pursuant to RLI’s standard arrangements for non-employee directors.
There is no arrangement or understanding between Mr. Kellogg and any other persons pursuant to which he was appointed as a director. Furthermore, there are no transactions between Mr. Kellogg and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
Furnished as Exhibit 99.1 and incorporated herein by reference is a copy of the press release issued by RLI relating to the appointment of Mr. Kellogg as director.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
| Description |
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99.1 | | |
| | This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934. |
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.
| RLI CORP. | |
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Date: November 13, 2023 | By: | /s/ Jeffrey D. Fick |
| | Jeffrey D. Fick |
| Chief Legal Officer & Corporate Secretary | |
Exhibit 99.1
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CLark kellogg appointed to rli board of directors
PEORIA, ILLINOIS, November 13, 2023 -- RLI Corp. (NYSE: RLI) – RLI Corp. announced today that Clark C. Kellogg has been appointed to its Board of Directors. His term is effective January 1, 2024 and expires at RLI’s next shareholders’ meeting in May 2024, at which time he will stand for re-election.
Kellogg is a basketball commentator at CBS Sports. He has 32 years of experience with the Indiana Pacers as a player, broadcaster and Vice President of Player Relations. Kellogg serves on the First Merchants Corporation Board of Directors, where he is a member of the Audit and Compensation and Human Resources Committees. He also serves as Chairperson of the Columbus Foundation Governing Committee, and formerly served on The Ohio State University Board of Trustees from 2010 to 2019.
“We are pleased to welcome Clark to our Board of Directors,” said RLI Corp. Chairman Jonathan E. Michael. “He brings public and private board experience, and a unique perspective on talent development to RLI. I’m confident that he will add value and further strengthen our Board’s depth of expertise.”
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by AM Best Company. RLI has paid and increased regular dividends for 48 consecutive years and delivered underwriting profits for 27 consecutive years. To learn more about RLI, visit www.rlicorp.com.
MEDIA CONTACT
Lisa Gates
Vice President, Marketing & Communications
309-692-1000 x5438
Lisa.Gates@rlicorp.com
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