STEWART INFORMATION SERVICES CORPORATION (NYSE:STC) 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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Bonus Retention Agreements and Acceleration of Short Term Incentive Payments

On December 29, 2017, Stewart Information Services Corporation, a Delaware corporation (the “Company”), made retention bonus payments to Matthew W. Morris, David C. Hisey, John Killea and Dave Fauth of $300,000, $150,000, $300,000 and $68,800, respectively (the “Retention Bonus Payments”). In connection with the Retention Bonus Payments, the Company entered into Bonus Recovery and Authorization for Payroll Deduction Agreements (the “Bonus Retention Agreements”) with Mr. Morris, Mr. Hisey and Mr. Fauth. to the Bonus Retention Agreements, the Retention Bonus Payments made to Mr. Morris, Mr. Hisey and Mr. Fauth are subject to claw back provisions requiring the repayment to the Company of the full amount of the executive’s respective Retention Bonus Payment in the event that, prior to December 29, 2018, (i) the executive voluntary terminates his employment with the Company or (ii) the Company terminates the executive’s employment for cause.

On December 29, 2017, the Company accelerated the vesting of short term incentive awards to Mr. Hisey and Mr. Fauth resulting in cash payments to such officers of $150,000 and $18,039, respectively.

About STEWART INFORMATION SERVICES CORPORATION (NYSE:STC)

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through three segments: title insurance and related services, mortgage services and corporate. Title insurance and related services (title) segment includes the functions of searching, examining, closing and insuring the condition of the title to real property. The Company’s mortgage services segment includes a diverse set of products and services provided to enhance the mortgage and real estate markets. Its services ranges from residential and commercial title insurance, and closing and settlement services to specialized offerings for the mortgage industry. The Company provides its services to homebuyers and sellers, residential and commercial real estate professionals, and mortgage lenders and servicers, among others.