---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-22-000151"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:49:11.443620+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001840776-22-000151
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000151/0001840776-22-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000151/hgty-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-22-000151
- JSON: https://secwatch.observer/filing/0001840776-22-000151.json
- Plain text: https://secwatch.observer/filing/0001840776-22-000151.txt

## Key facts
- Executive change
  Kelly Smith departed as Chief Strategy Officer at Hagerty, Inc..
  - Action: ended
  - Role: Chief Strategy Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077622000151/0001840776-22-000151-index.htm

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