Arch Capital Group Ltd. (NASDAQ:ACGL) Files An 8-K Submission of Matters to a Vote of Security Holders

Arch Capital Group Ltd. (NASDAQ:ACGL) Files An 8-K Submission of Matters to a Vote of Security Holders

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ITEM 5.07 Submission of Matters to a Vote of Security Holders.

Arch Capital Group Ltd.s (ACGL) annual meeting of shareholders
was held on May 4, 2017. At the meeting, the holders of
112,231,702 common shares, which represents approximately 91
percent of the outstanding shares entitled to vote as of the
record date of March 8, 2017, were represented in person or by
proxy. Matters submitted to shareholders at the meeting and the
voting results thereof were as follows:
Item 1.>>The vote on the election of the three Class I
directors to hold office until the 2020 annual meeting of
shareholders or until their successors are elected and qualified.
The voting results were as follows:
NOMINEE
FOR
AGAINST
WITHHELD
BROKER NON-VOTES
Kewsong Lee
92,906,219
8,990,835
4,546,083
5,788,565
Louis J. Paglia
105,610,945
754,848
77,344
5,788,565
Brian S. Posner
105,014,039
1,034,041
395,057
5,788,565
John D. Vollaro
105,405,472
983,293
54,372
5,788,565
Item 2. The vote on the election of certain individuals as
Designated Company Directors of certain of ACGLs non-U.S.
subsidiaries. The voting results were as follows:
DIRECTOR
FOR
AGAINST
WITHHOLD
BROKER NON-VOTES
Robert Appleby
106,296,597
92,809
53,731
5,788,565
Anthony Asquith
106,330,957
57,637
54,543
5,788,565
Dennis R. Brand
106,287,447
130,150
25,540
5,788,565
Ian Britchfield
106,342,159
47,726
53,252
5,788,565
Pierre-Andre Camps
106,319,357
58,912
64,868
5,788,565
Paul Cole
106,342,758
47,127
53,252
5,788,565
Graham B.R. Collis
100,662,439
1,167,897
4,612,801
5,788,565
Michael Constantinides
106,332,085
60,028
51,024
5,788,565
Stephen J. Curley
106,337,474
53,174
52,489
5,788,565
Nick Denniston
106,331,801
58,084
53,252
5,788,565
Seamus Fearon
106,286,692
103,143
53,302
5,788,565
Michael Feetham
106,325,222
64,663
53,252
5,788,565
Beau H. Franklin
106,291,500
103,567
48,070
5,788,565
Giuliano Giovannetti
106,286,535
103,071
53,531
5,788,565
Michael Hammer
106,301,020
94,884
47,233
5,788,565
W. Preston Hutchings
106,314,973
93,334
34,830
5,788,565
Constantine Iordanou
106,321,702
92,559
28,876
5,788,565
Michael H. Kier
106,331,096
57,610
54,431
5,788,565
Jason Kittinger
106,296,672
92,884
53,581
5,788,565
Gerald Konig
106,336,856
52,750
53,531
5,788,565
Mark D. Lyons
100,815,074
1,040,600
4,587,463
5,788,565
Patrick Mailloux
106,302,048
103,969
37,120
5,788,565
Paul Martin
106,342,504
49,342
51,291
5,788,565
Robert McDowell
106,331,176
58,430
53,531
5,788,565
David H. McElroy
106,277,256
99,537
66,344
5,788,565
Francois Morin
106,333,952
47,105
62,080
5,788,565
David J. Mulholland
106,340,679
48,877
53,581
5,788,565
Mark Nolan
106,291,645
103,143
48,349
5,788,565
Nicolas Papadopoulo
106,321,874
92,392
28,871
5,788,565
Michael Price
106,296,704
103,427
43,006
5,788,565
Elisabeth Quinn
106,336,538
53,060
53,539
5,788,565
Maamoun Rajeh
106,319,009
93,212
30,916
5,788,565
Andrew T. Rippert
106,256,041
103,214
83,882
5,788,565
Arthur Scace
106,331,627
57,979
53,531
5,788,565
Sren Scheuer
106,301,396
93,212
48,529
5,788,565
Matthew Shulman
106,313,122
92,586
37,429
5,788,565
Budhi Singh
106,285,703
103,695
53,739
5,788,565
William A. Soares
106,294,614
103,221
45,302
5,788,565
Scott Stirling
106,305,225
92,610
45,302
5,788,565
Hugh Sturgess
106,315,567
93,497
34,073
5,788,565
Ross Totten
106,332,031
57,655
53,451
5,788,565
Gerald Wolfe
106,288,771
103,538
50,828
5,788,565
Item 3. The vote on the ratification of the selection of
PricewaterhouseCoopers LLP as ACGLs independent registered public
accounting firm for the year ending December 31, 2017. The voting
results were as follows:
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
111,037,320
975,360
219,022
Item 4. The vote on a proposal on advisory vote on executive
compensation (say-on-pay). The voting results were as follows:
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
77,127,950
29,276,850
38,337
5,788,565
Item 5. The vote on a proposal on advisory vote on the frequency
of holding future advisory votes on executive officer
compensation. The voting results were as follows:
1 YEAR
2 YEARS
3 YEARS
ABSTAIN
103,158,327
1,475,004
1,777,363
32,443
ACGL has determined to include a shareholder vote on the
compensation of executives in its proxy statement annually until
the next required vote on the frequency of shareholder votes on
the compensation of executives.
ITEM 8.01 Other Events.
Preferred Share Dividends. On May 4, 2017, the Board of Directors
(the Board) of ACGL declared dividends with respect to the
outstanding 12,902,193 shares of its 6.75% Non-Cumulative
Preferred Shares, Series C, $0.01 per share (the Series C
Shares), to>be payable out of lawfully available funds for the
payment of dividends under Bermuda law on June 30, 2017 to
holders of record of the Series C Shares, as of June 15, 2017,
unless determined otherwise by the Board or the Executive
Committee of the Board on or prior to the effective date. In
addition, the Board declared dividends with respect to the Series
C Shares, to be payable out of lawfully available funds for the
payment of dividends under Bermuda law on September 30, 2017 to
holders of record of the Series C Shares, as of September 15,
2017, unless determined otherwise by the Board or the Executive
Committee of the Board on or prior to the>effective date.
Series
Effective Date for Declaration
Dividend Period
Dividend Amount
Rate Per Share
Series C
6/30/17
3/31/17-6/29/17
$5,443,113
$0.421875
Series C
9/30/17
6/30/17-9/29/17
$5,443,113
$0.421875
In addition, on May 4, 2017, the Board of ACGL declared dividends
with respect to the outstanding 18,000,000 depositary shares,
each representing a 1/1000th interest in a share of 5.25%
Non-Cumulative Preferred Shares, Series E, $0.01 per share
(Series E Shares), with a $25,000 liquidation preference per
share (equivalent to a $25.00 liquidation preference per
depositary share), as outlined below. All such dividends will be
payable out of lawfully available funds for the payment of
dividends under Bermuda law on June 30, 2017 to holders of record
of the Series E Shares, as of June 15, 2017, unless determined
otherwise by the Board or the Executive Committee of the Board on
or prior to the effective date. In addition, the Board declared
dividends with respect to the Series E Shares, to be payable out
of lawfully available funds for the payment of dividends under
Bermuda law on September 30, 2017 to holders of record of the
Series E Shares, as of September 15, 2017, unless determined
otherwise by the Board or the Executive Committee of the Board on
or prior to the>effective date.
Series
Effective Date for Declaration
Dividend Period
Dividend Amount
Rate Per Share
Series E
6/30/17
3/31/17-6/29/17
$5,906,250
$0.328125
Series E
9/30/17
6/30/17-9/29/17
$5,906,250
$0.328125


About Arch Capital Group Ltd. (NASDAQ:ACGL)

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other, which includes alternative market risks and excess workers’ compensation. The reinsurance segment’s product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other, which includes life reinsurance and casualty clash businesses. The mortgage segment includes the results of Arch Mortgage Insurance Company (Arch MI U.S.) and Arch Mortgage Insurance Designated Activity Company (Arch MI Europe).

Arch Capital Group Ltd. (NASDAQ:ACGL) Recent Trading Information

Arch Capital Group Ltd. (NASDAQ:ACGL) closed its last trading session down -0.23 at 96.96 with 210,991 shares trading hands.

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