STEWART INFORMATION SERVICES CORPORATION (NYSE:STC) 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. |
Delaware corporation (the Company), entered into addenda
effective January 1, 2017 (collectively, the Addenda) to the
employment agreements with each of Matthew W. Morris, John L.
Killea, and David A. Fauth in their capacities as the Companys
Chief Executive Officer, Chief Legal Officer, and Group
President, respectively (collectively, the Employment
Agreements). The purpose of each Addenda is to make adjustments,
as applicable, to certain payments for 2017 provided for under
the Employment Agreements, including annual salary, short term
incentive payments, long term incentive payments and other bonus
payments, which adjustments were approved by the Companys
Compensation Committee.
entirety by reference to the Addenda, copies of which are
attached as exhibits to this Current Report on Form 8-K and
incorporated herein by reference. Also attached as Exhibit 10.3
to this Current Report is the Amended and Restated Employment
Agreement between the Company and David A. Fauth entered into as
of January 1, 2016.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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10.1
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Addendum, entered into as of March 30, 2017 and effective
as of January 1, 2017, to Employment Agreement entered into as of March 31, 2016 and effective as of January 1, 2016, by and between Stewart Information Services Corporation and Matthew W. Morris. |
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10.2
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Addendum, entered into as of March 30, 2017 and effective
as of January 1, 2017, to Employment Agreement entered into as of March 31, 2016 and effective as of January 1, 2016, by and between Stewart Information Services Corporation and John L. Killea. |
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10.3
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Amended and Restated Employment Agreement, entered into as
of January 1, 2016, and effective as of January 1, 2016, by and between Stewart Information Services Corporation and David A. Fauth. |
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10.4
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Addendum, entered into as of March 30, 2017 and effective
as of January 1, 2017, to the Amended and Restated Employment Agreement entered into as of January 1, 2016 and effective as of January 1, 2016, by and between Stewart Information Services Corporation and David A. Fauth. |
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About STEWART INFORMATION SERVICES CORPORATION (NYSE:STC)
Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through three segments: title insurance and related services, mortgage services and corporate. Title insurance and related services (title) segment includes the functions of searching, examining, closing and insuring the condition of the title to real property. The Company’s mortgage services segment includes a diverse set of products and services provided to enhance the mortgage and real estate markets. Its services ranges from residential and commercial title insurance, and closing and settlement services to specialized offerings for the mortgage industry. The Company provides its services to homebuyers and sellers, residential and commercial real estate professionals, and mortgage lenders and servicers, among others. STEWART INFORMATION SERVICES CORPORATION (NYSE:STC) Recent Trading Information
STEWART INFORMATION SERVICES CORPORATION (NYSE:STC) closed its last trading session up +0.51 at 44.18 with 140,960 shares trading hands.