Tiptree promotes Randy Maultsby to President; base salary $350K, severance terms defined

TIPTREE INC.

Randy Maultsby, previously Managing Director since 2010, appointed President effective July 14, 2021.
Annual base salary of $350,000, eligible for annual bonus determined by compensation committee.
Severance upon termination without cause includes 1x base salary plus prior year bonus, equity vesting, and COBRA.
Non-compete and non-solicit covenants apply during employment and for one year after termination.
Company entered into indemnification agreement with Maultsby.

item 5.02 item 9.01

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Appointed

Randy Maultsby

President

TIPT · TIPTREE INC.

Effective: 2021-07-14
Filed: July 14, 2021, 7:59 PM ET

On July 14, 2021, the board of directors of Tiptree Inc. (“Tiptree”) appointed Randy Maultsby, age 47, as President.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Randy Maultsby was appointed as President at TIPTREE INC..

Action: appointed
Role: President

Exact text from the filing

On July 14, 2021, the board of directors of Tiptree Inc. (“Tiptree”) appointed Randy Maultsby, age 47, as President.

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Source: SEC EDGAR

accession 0001393726-21-000085

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