Markel Co-CEO Whitt to retire by March 31, 2023; consulting role through 2025

MARKEL GROUP INC.

Richard R. Whitt III, Co-CEO, will retire by March 31, 2023, from all officer/director roles.
He will remain as non-officer employee through Dec 31, 2025, providing consulting for transition.
Base salary reduces: 75% of current through 2023, 50% in 2024, 25% in 2025.
He remains eligible for annual cash bonuses and equity awards at target levels during transition.
Termination at end of transition period not deemed without cause; no severance triggered.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Richard R. Whitt III

Co-Chief Executive Officer

MKL · MARKEL GROUP INC.

Effective: 2023-03-31
Filed: August 19, 2022, 7:59 PM ET

The amendment was entered into in connection with the previously announced decision by Mr. Whitt to retire by March 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard R. Whitt III departed as Co-Chief Executive Officer at MARKEL GROUP INC..

Action: retire
Role: Co-Chief Executive Officer

Exact text from the filing

The amendment was entered into in connection with the previously announced decision by Mr. Whitt to retire by March 31, 2023.

View on SEC.gov

MARKEL GROUP INC. filing history →

Source: SEC EDGAR

accession 0001096343-22-000129

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.