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
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Addendum to Employment Agreement with J. Allen
Berryman
On June 15 2017, Stewart Information Services Corporation, a
Delaware corporation (the Company), entered into an addendum
effective January1, 2017 (the Addendum) to the employment
agreement with Joseph Allen Berryman, the Companys Chief
Financial Officer, Secretary and Treasurer (the Employment
Agreement). The purpose of the Addendum is to make adjustments,
as applicable, to stock ownership guidelines and certain payments
for 2017 provided for under the Employment Agreement, including
annual salary, short term incentive payments, long term incentive
payments and other bonus payments, which adjustments were
approved by the Companys Compensation Committee.
The foregoing description of the Addendum is qualified in its
entirety by reference to the Addendum, a copy of which is
attached as an exhibit to this Current Report on Form 8-K and
incorporated herein by reference.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
The following exhibits are filed herewith:
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Exhibit No. |
Description | |
| 10.1 |
Addendum, entered into as of June 15, 2017 and effective as of January1, 2017, to Employment Agreement entered as of March 31, 2016, effective as of January 1, 2016, by and between Stewart Information Services Corporation and Joseph Allen Berryman. |
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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.
