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 February 6, 2017, the Company issued a press release
announcing its financial results for the fourth quarter ended
December 31, 2016. A copy of the press release is attached hereto
as Exhibit99.1.
| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;Compensatory Arrangements of Certain Officers |
On February 3, 2017, the Board of Directors of the Company (the
Board) appointed Joshua E. Little as a director of the Company.
Mr. Little was not appointed to any committees of the Board of
Directors. As a member of the Board, Mr. Little is eligible to
participate in the Companys director compensation program, to
which each member of the Board receives a quarterly retainer
equal to $4,000 and a per meeting fee equal to $4,000 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. There are no other
understandings or arrangements between Mr. Little or any other
person and the Company or any of its subsidiaries to which Mr.
Little was appointed to serve as a director of the Company. There
are no transactions between Mr. Little or any of his immediate
family members and the Company or any of its subsidiaries that
would be required to be reported under Item 404(a) of Regulation
S-K.
| Item 9.01. | Financial Statements and Exhibits |
| (d) | Exhibits. |
| 99.1 |
Press Release, dated February 6, 2017, issued by Mercury General Corporation, furnished to Item 2.02 of Form 8-K. |
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. MERCURY GENERAL CORPORATION (NYSE:MCY) Recent Trading Information
MERCURY GENERAL CORPORATION (NYSE:MCY) closed its last trading session down -1.19 at 61.24 with 373,147 shares trading hands.
