Erie Indemnity buys $97.5M property from Exchange, raises dividend 7.2% to $1.11/share

ERIE INDEMNITY CO

Agrees to buy real estate (office buildings, parking, land) from Erie Insurance Exchange for $97.5M cash; closing expected Dec 31, 2021.
Appoints Brian W. Bolash as Executive Vice President effective Jan 1, 2022; he will continue as General Counsel and Secretary.
Board maintains management fee rate paid by Exchange at 25% for 2022, unchanged from 2021.
Raises quarterly dividend 7.2% to $1.11 per Class A share ($166.50 Class B); payable Jan 20, 2022 to holders of record Jan 5, 2022.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

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Role change

Brian W. Bolash

Executive Vice President

ERIE · ERIE INDEMNITY CO

Effective: 2022-01-01
Filed: December 9, 2021, 6:59 PM ET

On December 9, 2021, the Company issued a press release (the “Press Release”) announcing that Brian W. Bolash, 56, has been appointed an Executive Vice President of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brian W. Bolash was appointed as Executive Vice President at ERIE INDEMNITY CO.

Action: appointed
Role: Executive Vice President

Exact text from the filing

On December 9, 2021, the Company issued a press release (the “Press Release”) announcing that Brian W. Bolash, 56, has been appointed an Executive Vice President of the Company.

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ERIE INDEMNITY CO filing history →

Source: SEC EDGAR

accession 0000922621-21-000054

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