8-K
RYAN SPECIALTY HOLDINGS, INC. (RYAN)
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, 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): March 03, 2023 |
|---|
RYAN SPECIALTY HOLDINGS, INC.
(Exact name of Registrant as Specified in Its Charter)
| Delaware | 001-40645 | 86-2526344 |
|---|---|---|
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (IRS Employer<br>Identification No.) |
| Two Prudential Plaza<br><br>180 N. Stetson Avenue, Suite 4600 | ||
| Chicago, Illinois | 60601 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
| Registrant’s Telephone Number, Including Area Code: 312 784-6001 | ||
| --- |
(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:
☐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:
| Title of each class | Trading<br>Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Class A Common Stock, $0.001 par value | RYAN | The 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 13(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.
On March 9, 2023, Ryan Specialty Holdings, Inc. (the “Company”) announced that Michael T. VanAcker is moving from his position as Chief Operating Officer to Executive Vice President of RT Specialty, Ryan Specialty’s wholesale brokerage and binding authority specialty.
Item 7.01 Regulation FD Disclosure.
A copy of a press release announcing the transition described above is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is furnished as part of this report:
| Exhibit# | Description |
|---|---|
| 99.1 | Press Release dated March 9, 2023 |
| 104 | Cover Page Interactive Data file (formatted as Inline XBRL) |
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.
| RYAN SPECIALTY HOLDINGS, INC. | |||
|---|---|---|---|
| Date: | March 9, 2023 | By: | /s/ Mark S. Katz |
| Mark Katz, EVP, Corporate Secretary and General Counsel |
EX-99
Ryan Specialty Promotes
Michael VanAcker to EVP of RT Specialty
MARCH 9, 2023 | CHICAGO, IL – Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce the promotion, effective immediately, of Michael VanAcker to Executive Vice President of RT Specialty, Ryan Specialty’s wholesale brokerage and binding authority specialty.
Michael returns to RT Specialty, bringing his unique blend of operational experience and leadership skills to the specialty. Michael will work closely with Tim Turner, Chairman & CEO of RT Specialty, Ed McCormack, President of RT Specialty, the regional directors and the tremendous leadership and broking talent throughout RT Specialty. Michael has 10+ years of experience in the firm as Chief Operating Officer of Ryan Specialty, and prior to that as RT Specialty’s Chief Operating Officer and Controller. He has been integral to Ryan Specialty’s M&A activity, acquisition integration, and the firm’s growth trajectory.
Commenting on Michael’s promotion, Pat Ryan, Founder, Chairman & CEO of Ryan Specialty, said, “Michael has been with Ryan Specialty since 2011 and has proven himself as an inspirational leader who is organized, creative and innovative. He will bring his invaluable experience as corporate COO and operations acumen directly to our largest revenue specialty.”
Media Contact:
Alice Phillips Topping
Chief Marketing & Communications Officer
Alice.Topping@ryansg.com, +1 312-635-5976
Investor Relations Contact:
Noah Angeletti
Head of Investor Relations & Treasurer
IR@ryanspecialty.com, +1 312-784-6152
About Ryan Specialty
Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. The firm provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Ryan Specialty’s mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. ryanspecialty.com