Hagerty settles with former CSO Kelly Smith for $550K severance

Hagerty, Inc.

Smith's employment ended June 17, 2022; severance agreement dated Nov 8, 2022.
Hagerty pays Smith $500,000 plus $50,000 to his attorneys, total $550,000.
Includes mutual releases of claims and nondisparagement obligations.
Severance resolves dispute over amounts due under employment agreement.

item 5.02 item 9.01

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Departed

Kelly Smith

Chief Strategy Officer

HGTY · Hagerty, Inc.

Effective: 2022-06-17
Filed: November 10, 2022, 6:59 PM ET

Mr. Kelly Smith’s employment with the Company as the Chief Strategy Officer was ended pursuant to the terms of his Employment Agreement, dated March 1, 2021, between Mr. Smith and a subsidiary of the Company (“The Hagerty Group”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kelly Smith departed as Chief Strategy Officer at Hagerty, Inc..

Action: ended
Role: Chief Strategy Officer

Exact text from the filing

Mr. Kelly Smith’s employment with the Company as the Chief Strategy Officer was ended pursuant to the terms of his Employment Agreement, dated March 1, 2021, between Mr. Smith and a subsidiary of the Company (“The Hagerty Group”).

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Hagerty, Inc. filing history →

Source: SEC EDGAR

accession 0001840776-22-000151

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