---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-22-000124"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2022-08-23T23:59:59+00:00"
generated_at: "2026-06-23T22:03:27.862088+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001840776-22-000124
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2022-08-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000124/0001840776-22-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000124/hgty-20220823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-22-000124
- JSON: https://secwatch.observer/filing/0001840776-22-000124.json
- Plain text: https://secwatch.observer/filing/0001840776-22-000124.txt

## Key facts
- Executive change
  Fred Turcotte changed role as Chief Financial Officer at Hagerty, Inc..
  - Action: transitioned
  - Role: Chief Financial Officer
  source text: Fred Turcotte, the Company’s Chief Financial Officer (“CFO”) will transition to a special projects advisory role effective September 6, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000124/0001840776-22-000124-index.htm
- Executive change
  Patrick McClymont was appointed as Chief Financial Officer at Hagerty, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: The Company’s board of directors has appointed Patrick McClymont to serve as the Company’s new CFO, effective September 6, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000124/0001840776-22-000124-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.