MERCURY GENERAL CORPORATION (NYSE:MCY) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition

The following information is furnished to Item 2.02, “Results of Operations and Financial Condition,” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information, including Exhibit 99.1, shall not be incorporated by reference into any filing of Mercury General Corporation (the “Company”), whether made before or after the date hereof, regardless of any general incorporation language in such filing.

On October29, 2018, the Company issued a press release announcing its financial results for the third quarter ended September30, 2018. A copy of the press release is attached hereto as Exhibit99.1.

On October 26, 2018, the Board of Directors of the Company (the “Board”) appointed Ramona Capello and George Braunegg as directors of the Company. Additionally, Ms. Capello was appointed to the Audit Committee and the Compensation Committee of the Board of Directors and Mr. Braunegg was appointed to the Compensation Committee and the Investment Committee of the Board of Directors.

As members of the Board, Ms. Capello and Mr. Braunegg are eligible to participate in the Company’s director compensation program, to which each member of the Board receives a quarterly retainer equal to $6,000 and a per meeting fee equal to $6,000 for each meeting attended in person or telephonically lasting more than one hour and $500 for each meeting attended in person or telephonically lasting less than one hour, as well as reimbursement for their out-of-pocket expenses incurred in attending such meetings. In addition, as a member of the Audit Committee, Ms. Capello is eligible to receive $3,000 for each Audit Committee meeting attended in person or telephonically. As members of the Compensation Committee, Ms. Capello and Mr. Braunegg are eligible to receive $1,500 for each Compensation Committee meeting attended in person or telephonically. As a member of the Investment Committee, Mr. Braunegg is eligible to receive $2,000 for each Investment Committee meeting attended in person or telephonically.

There are no other understandings or arrangements between Ms. Capello or Mr. Braunegg or any other person and the Company or any of its subsidiaries to which Ms. Capello or Mr. Braunegg was appointed to serve as a director of the Company. There are no transactions between any of Ms. Capello and Mr. Braunegg or any of their respective immediate family members and the Company or any of its subsidiaries that would be required to be reported under Item 4.04(a) of Regulation S-K.

MERCURY GENERAL CORP Exhibit
EX-99.1 2 tv505636_ex99-1.htm EXHIBIT 99.1   Exhibit 99.1 Mercury General Corporation Announces Third Quarter Results and Increases Quarterly DividendLOS ANGELES,…
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About MERCURY GENERAL CORPORATION (NYSE:MCY)

Mercury General Corporation is an insurance holding company. The Company is engaged in writing personal automobile insurance through approximately 10 insurance subsidiaries in over 10 states. The Company operates through Property and Casualty business segment. The Company also writes homeowners, commercial automobile, commercial property, mechanical breakdown and umbrella insurance. The Company offers a range of automobile coverage, such as collision, property damage, bodily injury (BI), comprehensive, personal injury protection (PIP), underinsured and uninsured motorist, and other hazards. The Company offers a range of homeowner’s coverage, such as dwelling, liability, personal property, fire and other hazards. It has operations in Arizona, California, Florida, Georgia, Illinois, Michigan, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia. The Company offers standard, non-standard, and preferred private passenger automobile insurance in approximately 10 states.