United Fire Group finalizes CEO Randy Ramlo retirement agreement; details compensation and restrictions

UNITED FIRE GROUP INC

Retirement effective Oct 31, 2022; Ramlo resigns as President, CEO, and board member on that date.
Ramlo receives base salary and benefits through Retirement Date, plus accrued PTO and prorated 2022 bonus.
All unvested RSUs and stock options vest on Retirement Date; option exercise extended to Oct 31, 2024; performance stock units lapse.
Non-compete and non-solicitation through April 30, 2024; Ramlo releases all claims against the Company.

item 5.02 item 9.01

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Departed

Randy Ramlo

President, Chief Executive Officer

UFCS · UNITED FIRE GROUP INC

Effective: 2022-10-31
Filed: July 12, 2022, 7:59 PM ET

On February 22, 2022, United Fire Group, Inc. (the "Company") filed a Current Report on Form 8-K (the "Original Filing") to announce that Randy Ramlo had decided to retire as President, Chief Executive Officer of the Company, effective October 31, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Randy Ramlo retired as President, Chief Executive Officer at UNITED FIRE GROUP INC.

Action: retired
Role: President, Chief Executive Officer

Exact text from the filing

On February 22, 2022, United Fire Group, Inc. (the "Company") filed a Current Report on Form 8-K (the "Original Filing") to announce that Randy Ramlo had decided to retire as President, Chief Executive Officer of the Company, effective October 31, 2022.

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Source: SEC EDGAR

accession 0000101199-22-000063

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