---
schema_version: "secwatch.filing_event.v1"
accession: "0001620459-23-000097"
form_type: "8-K"
ticker: "JRVR"
cik: "0001620459"
company_name: "James River Group Holdings, Inc."
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T04:59:38.803589+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Chairman Abram not seeking re-election; CEO severance extended to 36 months post-change-in-control

## Summary
- Non-Executive Chairman J. Adam Abram will not stand for re-election at 2023 annual meeting; Ollie L. Sherman, Jr. to succeed as chairman, contingent on his re-election.
- CEO Frank D'Orazio's severance increased from 18 to 36 months salary if termination within 12 months after a change in control.
- Terry McCafferty's severance increased: 36 months for cause/good reason termination (from 30) and 24 months for non-renewal (from 12) within 12 months post-change-in-control.
- Both agreements clarify payout rights under short-term and long-term incentive plans upon termination.

## SEC filing metadata
- accession: 0001620459-23-000097
- form_type: 8-K
- ticker: JRVR
- cik: 0001620459
- company_name: James River Group Holdings, Inc.
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000097/0001620459-23-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000097/jrvr-20230604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620459-23-000097
- JSON: https://secwatch.observer/filing/0001620459-23-000097.json
- Plain text: https://secwatch.observer/filing/0001620459-23-000097.txt

## Key facts
- Executive change
  J. Adam Abram departed as Non-Executive Chairman at James River Group Holdings, Inc..
  - Action: not seeking re-election
  - Role: Non-Executive Chairman
  source text: On June 4, 2023, J. Adam Abram, the Non-Executive Chairman of the Board of James River Group Holdings, Ltd. (the “ Company ”), advised the Company that he does not intend to seek re-election as a director at the Company’s 2023 annual general meeting of shareholders
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000097/0001620459-23-000097-index.htm
- Executive change
  Ollie L. Sherman, Jr. changed role as Non-Executive Chairman at James River Group Holdings, Inc..
  - Action: identified as successor
  - Role: Non-Executive Chairman
  source text: the board of directors of the Company (the “ Board ”) has identified Ollie L. Sherman, Jr., a current director who serves as the lead independent director, as the successor Non-Executive Chairman of the Board, effective upon conclusion of Mr. Abram’s term as director, and contingent upon Mr. Sherman’s re-election as a director at the Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000097/0001620459-23-000097-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.