Erie Indemnity Company (NASDAQ:ERIE) Files An 8-K

Erie Indemnity Company (NASDAQ:ERIE) appointed Lorianne Feltz, 47, Executive Vice President of Services. During her 27 years with the Company, Ms. Feltz has held a number of leadership positions, including District Sales Manager, Branch Manager and Regional Vice President; Senior Vice President of the Company’s Agency and Marketing Divisions; and most recently, Senior Vice President of Customer Service.

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The Company also appointed Douglas E. Smith, 42, Executive Vice President of Agency & Marketing and Products. Mr. Smith has been with the Company for 17 years. During that time, he served in the Company’s Actuarial Division and as Senior Vice President of the Personal Lines Division. Since July 2016, Mr. Smith has served as Interim Executive Vice President of Agency & Marketing and Products.

There is no family relationship between either Ms. Feltz or Mr. Smith and any other executive officer or member of the board of directors of the Company, and there are no related party transactions with regard to either Ms. Feltz or Mr. Smith that are reportable under Item 404(a) of Regulation S-K. Neither Ms. Feltz nor Mr. Smith is a party to any plan, contract, or arrangement in connection with their appointment as an Executive Vice President of the Company.

The compensation arrangement for each of Ms. Feltz and Mr. Smith includes (i) an annual base salary of $350,000, (ii) a target Annual Incentive Plan award equal to 60% of base salary and (iii) a target Long Term Incentive Plan award equal to 90% of base salary.

Both Executive Vice President appointments become effective November 10, 2016.

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