Safety Insurance adds two independent directors, one retires; proposes governance enhancements
SAFETY INSURANCE GROUP INC
Appointed John D. Farina, former PwC Northeast Managing Partner, and Deborah E. Gray, attorney with 30+ years legal and governance experience, to the Board.
Frederic H. Lindeberg retired from the Board effective March 24, 2022, after serving since 2004.
New directors each receive $95,000 annual cash retainer and 1,000 shares of restricted stock.
Board seeks stockholder approval to allow special meetings, written consent, and simple majority charter amendments.
Preliminary proxy statement to be filed; stockholders not required to act now.
On March 24,2022, Frederic H. Lindeberg, a member of the Company’s Board of Directors, informed the Board of his intention to retire from the Board of the Directors, effective immediately.
On March 24, 2022, the Board of Directors (the “Board”) of Safety Insurance Group, Inc. (the “Company”), on the recommendation of the Nominating and Governance Committee of the Board, elected Deborah E. Gray, 58, to the Board as a Class II director of the Company
On March 24, 2022, the Board of Directors (the “Board”) of Safety Insurance Group, Inc. (the “Company”), on the recommendation of the Nominating and Governance Committee of the Board, elected John D. Farina, 58, to the Board as a Class III director of the Company
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Frederic H. Lindeberg retired as Director at SAFETY INSURANCE GROUP INC.
Action
retired
Role
Director
Exact text from the filing
On March 24,2022, Frederic H. Lindeberg, a member of the Company’s Board of Directors, informed the Board of his intention to retire from the Board of the Directors, effective immediately.
Deborah E. Gray was elected as Director at SAFETY INSURANCE GROUP INC.
Action
elected
Role
Director
Exact text from the filing
On March 24, 2022, the Board of Directors (the “Board”) of Safety Insurance Group, Inc. (the “Company”), on the recommendation of the Nominating and Governance Committee of the Board, elected Deborah E. Gray, 58, to the Board as a Class II director of the Company
John D. Farina was elected as Director at SAFETY INSURANCE GROUP INC.
Action
elected
Role
Director
Exact text from the filing
On March 24, 2022, the Board of Directors (the “Board”) of Safety Insurance Group, Inc. (the “Company”), on the recommendation of the Nominating and Governance Committee of the Board, elected John D. Farina, 58, to the Board as a Class III director of the Company
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