Baldwin Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 5, 2018, Mr. Steven Shapiro notified Baldwin & Lyons, Inc. (the "Company") of his resignation from his role as the Company's Executive Chairman and as a member of the Company's Board of Directors, effective immediately. Mr. Shapiro, age 53, has served as the Company's Executive Chairman since October 2015 and served on the Company's Board of Directors since 2007 and, at the time of his resignation, was serving on the Investment Committee of the Board of Directors. Mr. Shapiro has not resigned because of a disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Shapiro has indicated that he will remain as a shareholder and is invested in the company's success.
Item 9.01 Financial Statements and Exhibits.
(d)The following item is filed as an exhibit to this Current Report on Form 8-K:
Exhibit 99.1Press release issued by the Company on June 11, 2018.
BALDWIN & LYONS INC ExhibitEX-99.1 2 exhibit991.htm June 11,…To view the full exhibit click
About Baldwin & Lyons, Inc. (NASDAQ:BWINA)
Baldwin & Lyons, Inc. (B&L) through its divisions and subsidiaries, is engaged in marketing and underwriting property and casualty insurance, including limited assumption of risks as a reinsurer of other companies. The Company operates in two segments: property and casualty insurance, and reinsurance. The property and casualty insurance segment provides multiple line insurance coverage primarily to fleet transportation companies, as well as to independent contractors who contract with fleet transportation companies. In addition, the Company provides private passenger automobile products to individuals, workers’ compensation coverage to small businesses and professional liability products on a selective basis. The reinsurance segment accepts professional liability cessions from other insurance companies. Its subsidiaries are Protective Insurance Company, Protective Specialty Insurance Company, Sagamore Insurance Company, B&L Brokerage Services, Inc. and B&L Insurance, Ltd.