Hagerty appoints Patrick McClymont as CFO; longtime CFO Fred Turcotte to retire and stay as advisor through 2023

Hagerty, Inc.

Fred Turcotte transitions to special projects advisor effective Sept 6, 2022; will remain through 2023 to ensure smooth handoff.
New CFO Patrick McClymont starts Sept 6, 2022; previously CFO of Orchard Technologies, IMAX Corp, and Sotheby's.
McClymont compensation: $575,000 base salary, eligibility for annual bonus up to 200% of base, and equity target of 175% of base.
One-time cash sign-on of $100,000 and a $500,000 restricted stock unit grant (3-year vest) to be awarded in October 2022.
Turcotte delayed retirement to help Hagerty through its business combination and establish public company reporting functions.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Fred Turcotte

Chief Financial Officer

HGTY · Hagerty, Inc.

Effective: 2022-09-06
Successor: Patrick McClymont
Filed: August 23, 2022, 7:59 PM ET

Fred Turcotte, the Company’s Chief Financial Officer (“CFO”) will transition to a special projects advisory role effective September 6, 2022.

Appointed

Patrick McClymont

Chief Financial Officer

HGTY · Hagerty, Inc.

Effective: 2022-09-06
Filed: August 23, 2022, 7:59 PM ET

The Company’s board of directors has appointed Patrick McClymont to serve as the Company’s new CFO, effective September 6, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Fred Turcotte changed role as Chief Financial Officer at Hagerty, Inc..

Action: transitioned
Role: Chief Financial Officer

Exact text from the filing

Fred Turcotte, the Company’s Chief Financial Officer (“CFO”) will transition to a special projects advisory role effective September 6, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick McClymont was appointed as Chief Financial Officer at Hagerty, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Company’s board of directors has appointed Patrick McClymont to serve as the Company’s new CFO, effective September 6, 2022.

View on SEC.gov

Hagerty, Inc. filing history →

Source: SEC EDGAR

accession 0001840776-22-000124

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