secwatch.observer — SEC 8-K summary
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Issuer:     James River Group Holdings, Inc. (JRVR)
CIK:        0001620459
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0001620459-23-000097
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620459/000162045923000097/0001620459-23-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620459/000162045923000097/jrvr-20230604.htm
  HTML page:      https://secwatch.observer/filing/0001620459-23-000097

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