Verisk CEO Scott Stephenson to retire; CFO Lee Shavel named successor effective May 2022

Verisk Analytics, Inc.

Stephenson retires after 2022 annual meeting (May 18); Shavel becomes CEO, Anquillare becomes President.
Shavel's base salary increased to $900,000; STI target 150% of base; top-up LTI ~$2.836M and $2M performance grant.
Anquillare receives one-time LTI grant of $3M in time-based restricted stock vesting over 18 months.
Roles of Chairman and CEO separated; replacement for Shavel as CFO to be named later.

item 5.02 item 9.01

Executive movements

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

Departed

Scott G. Stephenson

Chairman, President and Chief Executive Officer

VRSK · Verisk Analytics, Inc.

Effective: 2022-05-18
Successor: Lee M. Shavel
Filed: February 23, 2022, 6:59 PM ET

On February 18, 2022, Verisk Analytics, Inc. (the “Company”) announced that Scott G. Stephenson, Chairman, President and Chief Executive Officer of the Company, will retire following the Company’s 2022 Annual Meeting of Shareholders currently scheduled for May 18, 2022.

Role change

Mark V. Anquillare

President

VRSK · Verisk Analytics, Inc.

Effective: 2022-05-18
Filed: February 23, 2022, 6:59 PM ET

Mark V. Anquillare, current Chief Operating Officer and Group President, will become President at that time.

Role change

Lee M. Shavel

Chief Executive Officer

VRSK · Verisk Analytics, Inc.

Effective: 2022-05-18
Filed: February 23, 2022, 6:59 PM ET

The Company’s Board of Directors appointed Lee M. Shavel, current Chief Financial Officer and Group President, to become Chief Executive Officer effective upon Mr. Stephenson’s retirement (the “CEO transition date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott G. Stephenson retired as Chairman, President and Chief Executive Officer at Verisk Analytics, Inc..

Action: retired
Role: Chairman, President and Chief Executive Officer

Exact text from the filing

On February 18, 2022, Verisk Analytics, Inc. (the “Company”) announced that Scott G. Stephenson, Chairman, President and Chief Executive Officer of the Company, will retire following the Company’s 2022 Annual Meeting of Shareholders currently scheduled for May 18, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark V. Anquillare was appointed as President at Verisk Analytics, Inc..

Action: appointed
Role: President

Exact text from the filing

Mark V. Anquillare, current Chief Operating Officer and Group President, will become President at that time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lee M. Shavel was appointed as Chief Executive Officer at Verisk Analytics, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Company’s Board of Directors appointed Lee M. Shavel, current Chief Financial Officer and Group President, to become Chief Executive Officer effective upon Mr. Stephenson’s retirement (the “CEO transition date”).

View on SEC.gov

Verisk Analytics, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-050213

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