secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2026-07-17T20:20:51+00:00
Accession:  0001628280-26-048668
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty adopts executive severance plan and amends employment agreements for five executives
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- New Severance Plan provides 24-month salary continuation for CEO McKeel Hagerty and 18 months for other eligible executives on qualifying termination.
- Russell Page enters new employment agreement with base salary of $650,000 and target incentive of 100% of base salary.
- McKeel Hagerty's amended agreement sets base salary at $1,200,000 and target incentive at 280% of base salary.
- Other executives (McClymont, Ahn, Briglia) receive amended agreements with base salaries of $650,000 and varying equity award targets.
- Severance benefits are subject to release of claims and restrictive covenants; no benefits for voluntary resignation without Good Reason.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000162828026048668/0001628280-26-048668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000162828026048668/hgty-20260715.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-048668

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