UFCS finalizes separation with CIO Cataldo; $200K bonus, $94K severance, RSU cash-out

UNITED FIRE GROUP INC

Transition period ends April 30, 2024; separation date June 30, 2024.
Cataldo to receive $200,000 bonus, $94,154 severance, and $48,858 for accrued PTO.
Cash replacement of 3,490 unvested RSUs based on closing price on separation date.
Non-solicitation covenant for 12 months and mutual non-disparagement included.
Company outsourcing investment management; Cataldo assisting transition.

item 5.02 item 9.01

Executive movements

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Departed

Christopher Cataldo

Chief Information Officer

UFCS · UNITED FIRE GROUP INC

Effective: 2024-06-30
Filed: March 22, 2024, 7:59 PM ET

Mr. Cataldo will continue to be employed by the Company during a transition period until April 30, 2024, unless terminated earlier, and after that time will continue to be available for consultations on an as-needed basis until the separation date, to occur June 30, 2024, unless terminated earlier.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.85

Christopher Cataldo resigned as Chief Information Officer at UNITED FIRE GROUP INC.

Action: resigned
Role: Chief Information Officer

Exact text from the filing

Mr. Cataldo will continue to be employed by the Company during a transition period until April 30, 2024, unless terminated earlier, and after that time will continue to be available for consultations on an as-needed basis until the separation date, to occur June 30, 2024, unless terminated earlier.

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UNITED FIRE GROUP INC filing history →

Source: SEC EDGAR

accession 0001104659-24-037878

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