secwatch.observer — SEC 8-K summary
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Issuer:     BROWN & BROWN, INC. (BRO)
CIK:        0000079282
Form:       8-K
Filed at:   2026-08-10T10:45:26+00:00
Accession:  0001193125-26-341162
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Brown & Brown EVP P. Barrett Brown resigns, stays through July 2027 for transition
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- P. Barrett Brown, EVP and former Retail Segment President, resigned for good reason effective Aug 10, 2026.
- He continues employment through July 31, 2027 for transition services; retains $1M base salary.
- Eligible for $1.3M bonus in two $650k installments (Feb 2027 and after transition) plus $130k expense lump sum.
- Severance of $2.5M payable in Aug 2027 and Aug 2028; one-year non-compete and release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79282/000119312526341162/0001193125-26-341162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79282/000119312526341162/bro-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-341162

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer