EMC INSURANCE GROUP INC. (NASDAQ:EMCI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 25, 2017, EMC Insurance Group Inc. (the “Company”) held its annual meeting of stockholders (“Annual Meeting”). At the Annual Meeting, the stockholders approved the Employers Mutual Casualty Company 2017 Stock Incentive Plan (the “2017 Plan”). The 2017 Plan had previously been approved by the boards of directors of the Company and Employers Mutual Casualty Company (“Employers Mutual”). The 2017 Plan provides for the awarding of qualified and unqualified stock options, restricted stock, restricted stock units, stock appreciation rights, performance shares, performance units and other stock-based awards. The 2017 Plan provides for the grant of equity awards to officers, other key employees, non-employee directors and agents of Employers Mutual who are selected for participation based on their ability to affect the overall performance of Employers Mutual and the Company. A maximum of 1,000,000 shares of Company common stock may be issued under the 2017 Plan. With the approval of the 2017 Plan, equity awards will no longer be granted under the 2007 Employers Mutual Casualty Company Stock Incentive Plan which expired as of the date of the Annual Meeting.

At the Annual Meeting, the stockholders also approved the EMC Insurance Group Inc. 2017 Non-Employee Director Stock Plan (the “2017 Director Plan”). The 2017 Director Plan had previously been approved by the board of directors of the Company. The 2017 Director Plan provides for the awarding of non-qualified stock options, restricted stock, restricted stock units and other stock-based awards to non-employee directors of the Company. A maximum of 150,000 shares of Company common stock may be issued under the 2017 Director Plan.

About EMC INSURANCE GROUP INC. (NASDAQ:EMCI)
EMC Insurance Group Inc. is an insurance holding company. The Company operates through two segments: Property and Casualty Insurance and Reinsurance segment. It conducts its property and casualty insurance operations through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance operations through its subsidiary, EMC Reinsurance Company. The property and casualty insurance operations are integrated with the property and casualty insurance operations of Employers Mutual Casualty Company (Employers Mutual). The principal business activity of EMC Reinsurance Company is to assume through a quota share reinsurance agreement the voluntary reinsurance business written by Employers Mutual with unaffiliated insurance companies. The Company focuses on the sale of commercial lines of property and casualty insurance to small and medium-sized businesses. EMC INSURANCE GROUP INC. (NASDAQ:EMCI) Recent Trading Information
EMC INSURANCE GROUP INC. (NASDAQ:EMCI) closed its last trading session up +0.19 at 27.31 with 22,246 shares trading hands.