Markel Corporation (NYSE:MKL) 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
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Company), upon the recommendation of the Boards Compensation
Committee, approved a change to the form of award agreement used
for performance-based restricted stock units (RSUs) for executive
officers, including the Companys named executive officers. These
awards are made under the Company’s 2016 Stock Incentive
Compensation Plan (the Plan). Subject to specific exceptions,
unvested performance-based RSUs are forfeited upon a separation of
service that occurs prior to the applicable vesting date. The Board
approved an additional vesting exception, which provides that upon
Early Retirement (as defined in the Plan) by an employee with 25
years of continual service unvested performance-based RSUs will
become fully vested and shares will be issued on the otherwise
applicable vesting date.
RSUs is filed as Exhibit 10.1 to this report and is incorporated
herein by reference in response to this item.
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Item 5.07
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Submission of Matters to a Vote of Security Holders.
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on May 15, 2017. At the annual meeting, shareholders (i) elected
directors to serve until the 2018 Annual Meeting of Shareholders,
(ii) approved an advisory vote on executive compensation and (iii)
ratified the selection of KPMG LLP by the Audit Committee of the
Board of Directors as the Companys independent registered public
accounting firm for the year ending December 31, 2017. With respect
to the advisory vote on the frequency of shareholder advisory votes
approving executive compensation, shareholders were in favor of
holding an advisory vote on executive compensation every year.
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Directors
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For
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Against
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Abstain
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Broker Non-Votes
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J. Alfred Broaddus, Jr.
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10,354,782
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321,660
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7,387
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1,909,127
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K. Bruce Connell
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10,592,738
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83,637
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7,454
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1,909,127
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Douglas C. Eby
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10,361,631
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314,549
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7,649
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1,909,127
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Thomas S. Gayner
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10,386,663
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291,178
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5,988
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1,909,127
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Stewart M. Kasen
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10,131,658
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544,602
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7,569
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1,909,127
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Alan I. Kirshner
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10,252,486
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424,520
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6,823
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1,909,127
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Lemuel E. Lewis
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10,508,287
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168,362
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7,180
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1,909,127
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Anthony F. Markel
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10,270,749
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406,217
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6,863
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1,909,127
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Steven A. Markel
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10,271,836
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405,946
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6,047
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1,909,127
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Darrell D. Martin
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10,040,974
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635,753
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7,102
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1,909,127
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Michael OReilly
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10,571,253
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105,000
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7,576
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1,909,127
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Michael J. Schewel
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10,249,222
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426,836
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7,771
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1,909,127
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Jay M. Weinberg
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10,425,048
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251,754
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7,027
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1,909,127
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Richard R. Whitt, III
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10,542,306
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134,014
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7,509
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1,909,127
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Debora J. Wilson
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10,600,936
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75,918
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6,975
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1,909,127
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For
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Against
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Abstain
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Broker Non-Votes
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10,550,192
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116,115
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17,522
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1,909,127
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Approving Executive Compensation
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One Year
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Two Years
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Three Years
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Abstain
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Broker Non-Votes
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9,513,156
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196,990
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958,713
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14,970
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1,909,127
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Accounting Firm>
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For
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Against
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Abstain
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Broker Non-Votes
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12,459,219
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123,011
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10,726
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Not applicable
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Item 9.01
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Financial Statements and Exhibits.
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10.1
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Form of Performance-Based Restricted Stock Unit Award
Agreement for Executive Officers for the 2016 Equity Incentive Compensation Plan (revised May 15, 2017) |
About Markel Corporation (NYSE:MKL)
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company also owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace. The U.S. Insurance segment includes all direct business and facultative placements written by its insurance subsidiaries domiciled in the United States. The International Insurance segment includes all direct business and facultative placements written by its insurance subsidiaries domiciled outside of the United States, including its syndicate at Lloyd’s. The Reinsurance segment includes all treaty reinsurance written across the Company. Its non-insurance operations include the results of its legal and professional consulting services. Markel Corporation (NYSE:MKL) Recent Trading Information
Markel Corporation (NYSE:MKL) closed its last trading session down -1.27 at 943.33 with 18,457 shares trading hands.
