Arch Capital declares $1.9B special dividend ($5.00/share) and names two Presidents

ARCH CAPITAL GROUP LTD.

Special cash dividend of $1.9B ($5.00/share) payable Dec 4, 2024 to holders of record Nov 18, 2024.
David Gansberg and Maamoun Rajeh appointed Presidents effective Nov 7, 2024; Gansberg oversees Insurance, Rajeh Mortgage & Reinsurance.
Each President receives $900K base salary, 185% target bonus; special equity awards of $21M each (70% stock options, 30% restricted shares).
CFO Francois Morin receives special equity award of $3M (50% options, 50% restricted shares).
Preferred dividends declared: Series F $0.340625/depositary share, Series G $0.284375/depositary share, payable Dec 31, 2024.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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Appointed

Maamoun Rajeh

President

ACGL · ARCH CAPITAL GROUP LTD.

Effective: 2024-11-07
Filed: November 8, 2024, 6:59 PM ET

On November 7, 2024, the board of directors (the “Board”) of Arch Capital Group Ltd. (the “Company”) appointed David Gansberg and Maamoun Rajeh as Presidents of the Company, effective immediately.

Appointed

David Gansberg

President

ACGL · ARCH CAPITAL GROUP LTD.

Effective: 2024-11-07
Filed: November 8, 2024, 6:59 PM ET

On November 7, 2024, the board of directors (the “Board”) of Arch Capital Group Ltd. (the “Company”) appointed David Gansberg and Maamoun Rajeh as Presidents of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Maamoun Rajeh was appointed as President at ARCH CAPITAL GROUP LTD..

Action: appointed
Role: President

Exact text from the filing

On November 7, 2024, the board of directors (the “Board”) of Arch Capital Group Ltd. (the “Company”) appointed David Gansberg and Maamoun Rajeh as Presidents of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Gansberg was appointed as President at ARCH CAPITAL GROUP LTD..

Action: appointed
Role: President

Exact text from the filing

On November 7, 2024, the board of directors (the “Board”) of Arch Capital Group Ltd. (the “Company”) appointed David Gansberg and Maamoun Rajeh as Presidents of the Company, effective immediately.

View on SEC.gov

ARCH CAPITAL GROUP LTD. filing history →

Source: SEC EDGAR

accession 0000947484-24-000148

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