---
schema_version: "secwatch.filing_event.v1"
accession: "0001096343-22-000129"
form_type: "8-K"
ticker: "MKL"
cik: "0001096343"
company_name: "MARKEL GROUP INC."
filed_at: "2022-08-19T23:59:59+00:00"
generated_at: "2026-06-23T22:27:28.282689+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001096343-22-000129
- form_type: 8-K
- ticker: MKL
- cik: 0001096343
- company_name: MARKEL GROUP INC.
- filed_at: 2022-08-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000129/0001096343-22-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000129/mkl-20220818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096343-22-000129
- JSON: https://secwatch.observer/filing/0001096343-22-000129.json
- Plain text: https://secwatch.observer/filing/0001096343-22-000129.txt

## Key facts
- Executive change
  Richard R. Whitt III departed as Co-Chief Executive Officer at MARKEL GROUP INC..
  - Action: retire
  - Role: Co-Chief Executive Officer
  source text: The amendment was entered into in connection with the previously announced decision by Mr. Whitt to retire by March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000129/0001096343-22-000129-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.