OLD REPUBLIC INTERNATIONAL CORPORATION (NYSE:ORI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officer; Election of Directors Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Old Republic International Corporation (the “Registrant”, “Company”, or “Old Republic”) announced that Mr. Glenn W. Reed (age 64) was elected a Class II director of the Company effective August 17, 2017. Mr. Reed was, until his recent retirement, a managing director of the Vanguard Group. The Board of Directors also named Mr. Reed a member of the Compensation and Governance and Nominating committees. There are no arrangements or understanding between Mr. Reed and any person or entity concerning his selection as a director and there is no plan, contract, arrangement or material compensation agreement with Mr. Reed, other than he will receive the same directors fees as other directors. Further, neither Mr. Reed nor any member of his immediate family, have had any disqualifying relationship with the Company during the past two years and he has been affirmatively determined to be an independent director by the Board of Directors in accordance with the Listed Company Standards of the New York Stock Exchange and the rule and regulation of the Security Exchange Commission concerning independence.
A full text of the Registrant’s announcement is included as Exhibit 99.1 hereto.
Item 9.01.Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release dated August 17, 2017.
OLD REPUBLIC INTERNATIONAL CORP ExhibitEX-99.1 2 glennreedrelease81717final.htm EXHIBIT 99.1 Exhibit NEWS RELEASEFurther Information Contacts:AT OLD REPUBLIC:AT FINANCIAL RELATIONS BOARD:A. C. Zucaro: Chairman & CEOAnalysts/Investors: Marilynn Meek(312) 346 – 8100(212) 827 – 3773 OLD REPUBLIC ANNOUNCES THE ADDITION OF GLENN W. REED TO THE BOARD OF DIRECTORS CHICAGO – August 17,…To view the full exhibit click here
About OLD REPUBLIC INTERNATIONAL CORPORATION (NYSE:ORI)
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business. The Company’s General Insurance segment consists of property and liability insurance, and offers coverages to businesses, government and other institutions. The Company’s Title Insurance Group’s business consists of the issuance of policies to real estate purchasers and investors based upon searches of the public records, which contain information concerning interests in real property. The Company’s RFIG run-off business consists of its mortgage guaranty and consumer credit indemnity (CCI) operations.