ProAssurance suspends quarterly cash dividend; will use share repurchases instead

PROASSURANCE CORP

Board suspended quarterly cash dividend, citing current share trading price.
Company intends to return capital via existing share repurchase authorization.
All shareholder proposals approved by supermajority: directors re-elected, auditor ratified, advisory say-on-pay and frequency approved.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.4

PROASSURANCE CORP shareholders approved Ratification of Ernst & Young, LLP as independent auditing firm at the 2023-05-24 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-24

Exact text from the filing

shareholders ratified the selection of Ernst & Young, LLP as our independent auditing firm for the fiscal year ending December 31, 2023

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.4

PROASSURANCE CORP shareholders approved Advisory vote on frequency of say-on-pay votes (yearly) at the 2023-05-24 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-05-24

Exact text from the filing

shareholders approved the proposal to hold the advisory vote on the compensation of our named executive officers yearly

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.4

PROASSURANCE CORP shareholders approved Advisory vote on compensation of named executive officers for 2022 at the 2023-05-24 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-24

Exact text from the filing

shareholders approved, on an advisory basis, the compensation of our named executive officers for 2022

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.4

PROASSURANCE CORP shareholders approved Election of four director nominees to three-year terms at the 2023-05-24 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-24

Exact text from the filing

the company’s four director nominees were re-elected to three-year terms

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640 shareholder votes filed in the last 30 days. Browse all shareholder votes →

PROASSURANCE CORP filing history →

Source: SEC EDGAR

accession 0001875246-23-000016

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