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8-K

United Fire Group Inc (UFCS)

8-K 2021-02-02 For: 2021-02-01
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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): February 1, 2021

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United Fire Group Inc.

(Exact name of registrant as specified in its charter)

Iowa 001-34257 45-2302834
(State of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 118 Second Avenue SE
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Cedar Rapids Iowa 52401
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (319) 399-5700

_______________________N/A________________________

(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 Exchange Act:

Title of each class Trading Symbol Name of each exchange on which registered
Common Stock, $0.001 par value UFCS The NASDAQ Global Select Market

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.

Retirement of Jack B. Evans as Chairman of the Board of Directors

On February 1, 2021, Jack B. Evans, Chairman of the Board of Directors of United Fire Group, Inc. (the "Company" or "UFG"), submitted his resignation as a director effective immediately following the Annual Meeting of Shareholders on May 19, 2021. Mr. Evans' resignation is in compliance with the Company's bylaws, which state that "every director shall submit his or her resignation not later than the first day of February after the director attains age 72" and is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. In addition to serving as the Chairman of the Board, Mr. Evans is the Chair of the Executive Committee and a member of the Investment Committee, Nominating and Governance Committee and the Audit Committee.

Mr. Evans served as Chairman of the Board of Directors since October 2009. He served as a director since 1995 and as Vice Chairman from 1997 to 2009.

Item 9.01. Financial Statements and Exhibits.

(d)     Exhibits.

Exhibit 99.1 Press release of United Fire Group, Inc. datedFebruaryufgpressrelease2-1x21.htm1, 2021.
Exhibit 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.

United Fire Group, Inc.
(Registrant)
Dated: February 1, 2021 /s/ Randy A. Ramlo
Randy A. Ramlo, Chief Executive Officer

1

Document

Exhibit 99.1

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United Fire Group, Inc. Chairman of the Board Jack B. Evans to Retire

CEDAR RAPIDS, IOWA – February 1, 2021 – Today, Jack B. Evans, Chairman of the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) ("UFG") announced he will retire from the Board effective immediately following the Annual Meeting of Shareholders on May 19, 2021. Mr. Evans' resignation is in compliance with UFG's bylaws, which state that "every director shall submit his or her resignation not later than the first day of February after the director attains age 72."

"It has been a privilege to have Jack serve on our board of directors for the past 26 years, including 12 years as our chairman and 12 years as our vice chairman," said UFG President and CEO Randy Ramlo. "Jack dutifully took over as chairman after the unexpected passing of Scotty McIntyre Jr. in 2009 and we have benefited greatly from his leadership since that time. He is a man of impeccable integrity who always leads by example. As our chairman, he has fostered strong working relationships within our board, as well as between our board and management teams—understanding and balancing our differing roles to best serve all UFG stakeholders.

"On behalf of our entire leadership team at UFG, I thank Jack for his unwavering commitment to the success of our company these past 26 years—and personally speaking, for his friendship. He will be sorely missed on our board but his impact on UFG and those who have had the pleasure of working with him will be lasting. The future of UFG remains in very good hands with our highly experienced board of directors and we plan to announce a new board chairman soon."

About UFG

Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance.

Through our subsidiaries, we are licensed as a property and casualty insurer in 49 states, plus the District of Columbia, and we are represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of "A" (Excellent) for members of the United Fire & Casualty Group.

For more information about UFG, visit www.ufginsurance.com or contact:

Randy Patten, AVP and Controller, 319-286-2537 or IR@unitedfiregroup.com