secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0000080661-23-000025
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progressive renews share repurchase authorization for 25M shares, declares $0.10 quarterly dividend
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- Board renewed authorization to repurchase up to 25 million common shares.
- Quarterly common dividend of $0.10 per share declared, payable July 14, 2023, to holders of record July 7.
- Series B preferred dividend of $18.92463 per share declared, payable June 15, 2023.
- LIBOR reference for Series B preferred replaced by 3-Month CME Term SOFR plus 0.26161% spread effective September 15, 2023.
- Shareholders elected all 12 director nominees, approved say-on-pay, and ratified PwC as auditor for 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000008066123000025/0000080661-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000008066123000025/pgr-20230512.htm
  HTML page:      https://secwatch.observer/filing/0000080661-23-000025

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