8-K
Verisk Analytics, Inc. (VRSK)
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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): December 2, 2022 (December 1, 2022)
VERISK ANALYTICS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-34480 | 26-2994223 |
|---|---|---|
| (State or other jurisdiction<br> <br>of incorporation) | (Commission<br> <br>File Number) | (IRS Employer<br> <br>Identification No.) |
| 545 Washington Boulevard, Jersey City, NJ | 07310 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (201) 469-3000
(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> <br>Symbol(s) | Name of each exchange<br> <br>where registered |
|---|---|---|
| Common Stock $.001 par value | VRSK | 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 |
|---|
On December 1, 2022, Verisk Analytics, Inc. (the “Company”) announced that Mark V. Anquillare will step down as President and Chief Operating Officer of the Company effective as of January 15, 2023. Lee M. Shavel, the Company’s current Chief Executive Officer, will assume the role of President, and will serve concurrent roles as President and CEO. Currently, the Company does not have plans to hire a new Chief Operating Officer. The Company currently anticipates that, at a later date, it will enter into a separation agreement with Mr. Anquillare reflecting the terms of his departure.
A copy of the press release announcing the departure of Mr. Anquillare is annexed as Exhibit 99.1. All information in the press release is furnished but not filed.
| Item 9.01 | Financial Statements and Exhibits |
|---|
(d) Exhibits.
| Exhibit<br>No. | Description |
|---|---|
| 99.1 | Press Release dated December 1, 2022 |
| 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.
| VERISK ANALYTICS, INC. | ||
|---|---|---|
| Date: December 2, 2022 | By: | /s/ Kathy Card Beckles |
| Name: | Kathy Card Beckles | |
| Title: | Executive Vice President,<br> <br>General Counsel and Corporate Secretary |
EX-99.1
Exhibit 99.1
Verisk CEO Lee Shavel to Assume Role as President, as Mark Anquillare Steps Down
JERSEY CITY, NJ – December 1, 2022 – Verisk (Nasdaq: VRSK), a leading global data analytics provider, announced that Mark V. Anquillare is stepping down from Verisk as of January 15, 2023. Anquillare has been serving as president and chief operating officer since May 2022. Chief Executive Officer Lee M. Shavel will assume the role of president, serving concurrent roles as president and CEO.
“Mark has been a terrific partner and a dedicated and accomplished leader at Verisk for more than three decades. We are grateful for his leadership and many contributions that have expanded the ways we support our customers and fostered a culture of customer-centricity, innovation and collaboration,” said Lee Shavel, Verisk CEO. “We have an experienced leadership team that will continue to advance how we enable the strategic priorities of the global insurance industry.”
Anquillare has been instrumental in growing the company’s insurance vertical and aligning the company’s enterprise risk assessment and management with its core operations. He joined Verisk in 1992 and has held a number of leadership positions of increasing responsibility. He served as CFO during the company’s IPO in 2009 and through 2016. In 2016, Anquillare was named COO and led the company’s insurance vertical.
“It has been an immense honor to help Verisk grow from its modest, non-profit roots into a global organization that plays a crucial role in supporting and advancing the important work of the global insurance industry,” Anquillare said. “As I leave Verisk, the company is uniquely positioned to address the opportunities and challenges before the industry by ushering in a new era of innovations.”
Biographies for Lee M. Shavel and Mark V. Anquillare can be found here.
About Verisk
Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global issues, including climate change and extreme events as well as political and ESG topics. With offices in more than 30 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.
Investor Relations
Stacey Brodbar
Head of Investor Relations
Verisk
201-469-4327
IR@verisk.com
Media Relations
Alberto Canal
201-469-2618
alberto.canal@verisk.com