GBLI finalizes separation agreement with former CEO David Charlton; $750k severance

Global Indemnity Group, LLC

Severance of $750,000 payable in three $250,000 installments over 18 months.
Non-compete reduced to 6 months; non-solicit reduced to 18 months (from 2 years each).
COBRA premium paid for up to 18 months, subject to timely election.
Executive releases all claims against GBLI, including ADEA claims, with 21-day consideration period.
Executive must cooperate with CEO transition and litigation for 18 months.

item 5.02 item 9.01

Executive movements

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Departed

David S. Charlton

Chief Executive Officer

GBLI · Global Indemnity Group, LLC

Effective: 2022-10-21
Filed: November 21, 2022, 6:59 PM ET

former Director and Chief Executive Officer of Global Indemnity Group, LLC (“GBLI”), David S. Charlton, departed from GBLI effective as of October 21, 2022

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David S. Charlton departed as Chief Executive Officer at Global Indemnity Group, LLC.

Action: departed
Role: Chief Executive Officer

Exact text from the filing

former Director and Chief Executive Officer of Global Indemnity Group, LLC (“GBLI”), David S. Charlton, departed from GBLI effective as of October 21, 2022

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Global Indemnity Group, LLC filing history →

Source: SEC EDGAR

accession 0001193125-22-290030

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