PRIMERICA, INC. (NYSE:PRI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
(d)Election of Directors
On June 7, 2017, the Board of Directors elected Senator C. Saxby
Chambliss as a member of the Board of Directors of Primerica for
a term expiring at Primericas 2018 annual meeting of
stockholders.Senator Chambliss has been appointed to the
Corporate Governance Committee of the Board of Directors.
Senator Chambliss has been a partner with the law firm of DLA
Piper since January 2015, where he is a member of the firms
government relations and cybersecurity teams. Prior to that, he
served as a U.S. Senator for Georgia from 2003 to 2015 and a U.S.
Representative for Georgia from 1995 to 2003. During his tenure
in the Senate, he served on the Senate Select Committee on
Intelligence, where he was vice chairman from 2011 to 2014.While
serving in that role, Senator Chambliss advocated for improved
information sharing and human intelligence-gathering
capabilities, and he is one of the leading congressional experts
on those issues.Senator Chambliss is also a legal expert with
respect to cybersecurity matters.In addition to his work on
national security issues, he was the leader of a core group of
Senators tasked with seeking a bipartisan solution to our
countrys debt and deficit issue.Before entering Congress, he
practiced general corporate law in Moultrie, Georgia. Senator
Chambliss earned a Bachelor of Business Administration degree
from the University of Georgia and a Juris Doctor from the
University of Tennessee at Knoxville.
In connection with his election, Senator Chambliss was awarded
1,394 restricted stock units (RSUs) of Primerica under the Second
Amended and Restated Primerica, Inc. Omnibus Incentive Plan,
which RSUs vest in four quarterly installments and will be
delivered on each such vesting date.Senator Chambliss also will
be entitled to receive the director compensation described in
Primericas definitive Proxy Statement dated April 5, 2017.In
addition, Primerica has entered into an indemnification agreement
with Senator Chambliss to which Primerica is required to
indemnify him against certain liabilities which may arise by
reason of his status or service as a director and to advance to
him expenses, subject to reimbursement if it is determined that
he is not entitled to indemnification.The form of such
indemnification agreement has been filed as Exhibit 10.48 to
Primericas Registration Statement on Form S-1.
A copy of a press release dated June 7, 2017 announcing Senator
Chambliss election to the Board of Directors is attached hereto
as Exhibit 99.1.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits. |
|
99.1 |
Press Release dated June 7, 2017 Primericas Board of |
About PRIMERICA, INC. (NYSE:PRI)
Primerica Inc. (Primerica) distributes financial products to middle-income households. The Company operates through three segments. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries. The Investment and Savings Products segment includes retail and managed mutual funds, and annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds, an individual annuity savings product that it underwrites through Primerica Life Insurance Company of Canada. In the United States, it distributes mutual fund and annuity products of various third-party companies. In Canada, it offers a Primerica-branded fund-of-funds mutual fund product, as well as mutual funds of mutual fund companies. The Corporate and Other Distributed Products segment consists of revenues and expenses related to the distribution of non-core products.