secwatch.observer — SEC 8-K summary
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Issuer:     James River Group Holdings, Inc. (JRVR)
CIK:        0001620459
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001620459-24-000104
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JRVR approves $1.57M retention awards for 3 NEOs; amends CEO severance to include STI target
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- Retention awards of aggregate ~$1.57M approved for three named executive officers, payable in 2024/2025 installments.
- CFO Sarah Doran awarded $572K; Richard Schmitzer $670K; Michael Hoffmann $332K; accelerated on change of control or qualifying termination.
- CEO Frank D'Orazio amended employment agreement on July 30, 2024, to incorporate STI target into severance.
- Severance: base salary plus STI target, paid monthly for 36 months after termination without cause/change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620459/000162045924000104/0001620459-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620459/000162045924000104/jrvr-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001620459-24-000104

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