STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) 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(e)
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Corporation approved an amendment to the State Auto Financial
Corporation One Team Incentive Plan (the “Incentive Plan”) to
remove the percentage cap on a Participant’s Target Bonus Award.
The foregoing description of the amendment to the Incentive Plan is
qualified in its entirety by reference to the full text of the
amendment, a copy of which is filed as Exhibit 10.1 to this Current
Report on Form 8-K and incorporated in this Item 5.02(e) by
reference.
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Section 9.
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Financial Statements and Exhibits
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Item 9.01.
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Financial Statements and Exhibits
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(d)
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Exhibits.
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Exhibit No.
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Description of Exhibit
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10.1
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First Amendment to the State Auto Financial Corporation
One Team Incentive Plan. |
About STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC)
State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include personal insurance, business insurance, specialty insurance and investment operations. Its personal insurance, business insurance and specialty insurance are known as insurance segments of the Company. It writes standard insurance covering personal exposures to individuals in the personal insurance segment. The Company writes insurance covering small-to-medium sized commercial exposures in the business insurance segment. The specialty insurance segment offers commercial coverages requiring product underwriting, claims handling and/or risk management services through a distribution channel of retail agents and wholesale brokers, which include program administrators and other sources. Its investment portfolio is managed by its subsidiary, Stateco Financial Services, Inc. STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) Recent Trading Information
STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) closed its last trading session up +0.10 at 27.50 with 42,094 shares trading hands.