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)
September 25, 2009
Everest Re Group, Ltd.
(Exact name of registrant as specified in its charter)
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Bermuda |
1-15731 |
98-0365432 |
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(State or other jurisdiction |
(Commission |
(IRS Employer |
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of incorporation) |
File Number) |
Identification No.) |
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Wessex House – 2nd Floor 45 Reid Street PO Box HM 845 Hamilton HM DX, Bermuda |
Not Applicable |
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(Address of principal executive offices) |
(Zip Code) |
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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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On September 25, 2009, the registrant executed an Amendment to the Employment Agreement with Joseph V. Taranto, effective September 25, 2009.
The material terms of the Amendment of Employment Agreement are as follows:
Term: To December 31, 2010
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Cash Payment: |
$2,500,000 upon execution of Amendment of Employment Agreement as consideration for extending his employment with and continuing to provide services |
A copy of the Amendment of Employment Agreement is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
The remaining terms of Mr. Taranto’s employment agreement, which are summarized in the registrant’s proxy statement dated April 9, 2009, continue in effect.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
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(c) |
Exhibits |
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Exhibit No. |
Description |
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 RE GROUP, LTD.
By: /S/ DOMINIC J. ADDESSO
Dominic J. Addesso
Executive Vice President and
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Chief Financial Officer |
Dated: October 1, 2009
EXHIBIT INDEX
Exhibit
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Number |
Description of Document |
Page No. |
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10.1 |
Amendment of Employment Agreement with |
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Joseph V. Taranto |
5 |