secwatch.observer — SEC 8-K summary
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Issuer:     James River Group Holdings, Inc. (JRVR)
CIK:        0001620459
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001620459-25-000117
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

James River Group segment CEO Schmitzer transitions to SVP Underwriting, retirement set for Oct 15, 2025
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- Richard Schmitzer stepped down as CEO of Excess & Surplus Lines segment effective July 31, 2025; remains as SVP Underwriting through Oct 15, 2025.
- Amendment effective Aug 11, 2025 sets salary at $300K/yr, duties reporting to CEO Frank D'Orazio and serving as resource to segment President Todd Sutherland.
- Termination benefits modified: severance only if terminated without cause, at $300K/yr for remaining term; no additional severance regardless of reason.
- Schmitzer's employment will automatically terminate on Oct 15, 2025 (retirement); equity awards remain subject to prior plans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620459/000162045925000117/0001620459-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620459/000162045925000117/jrvr-20250811.htm
  HTML page:      https://secwatch.observer/filing/0001620459-25-000117

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