chairmanshipagree8k.htm
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)
June 19, 2013
Everest Re Group, Ltd.
(Exact name of registrant as specified in its charter)
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Bermuda
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1-15731
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98-0365432
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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Wessex House – 2nd Floor
45 Reid Street
PO Box HM 845
Hamilton HM DX, Bermuda
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Not Applicable
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(Address of principal executive offices)
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(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):
[ ] 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))
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ITEM 5.02
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DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS, ELECTION OF DIRECTORS, APPOINTMENT OF PRINCIPAL OFFICERS
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On June 19, 2013, the registrant entered into a Chairmanship Agreement effective January 1, 2014, with Joseph V. Taranto, its Chairman and Chief Executive Officer. A copy of the Chairmanship Agreement is filed herewith as Exhibit 10.1 and incorporated herein by reference. The material terms of the Chairmanship Agreement are as follows:
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Term: January 1, 2014 to December 31, 2016, subject to annual election to the Board by the Company’s shareholders.
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Annual Compensation:
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$1,500,000 annual retainer
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Standard annual director fees, including equity compensation pursuant to the Company’s 2009 Non-Employee Director Stock Option and Restricted Stock Plan.
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ITEM 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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(c)
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Exhibits
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Exhibit No.
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Description
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10.1
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Chairmanship Agreement with Joseph V. Taranto dated June 19, 2013
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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.
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EVEREST RE GROUP, LTD.
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By:
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/S/ CRAIG HOWIE
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Craig Howie
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Executive Vice President and
Chief Financial Officer
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Dated: June 24, 2013
EXHIBIT INDEX
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Exhibit
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Number
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Description of Document
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Page No.
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10.1
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Chairmanship agreement with
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Joseph V. Taranto dated June 19, 2013
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5
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