secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001840776-24-000114
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty appoints Jeff Briglia as President of Insurance; adds $75M credit capacity
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- Jeff Briglia named President of Insurance effective July 1, 2024; reports to CEO McKeel Hagerty.
- Briglia receives $650K base salary, $50K sign-on bonus, and $350K RSU grant vesting over three years.
- Target annual incentive is at least 75% of base salary; 2024 minimum payment of $250K.
- Credit facility amended; $75M incremental revolving commitment added from Wells Fargo as new lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077624000114/0001840776-24-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077624000114/hgty-20240529.htm
  HTML page:      https://secwatch.observer/filing/0001840776-24-000114

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer