secwatch / observer

PROASSURANCE CORP — fact timeline

Source-grounded facts extracted from PROASSURANCE CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

PRA PROASSURANCE CORP JSON

David A. McHale was appointed as Secretary at PROASSURANCE CORP.

“Richard Anderson (Chairman and Chief Executive Officer); Robert E. White, Jr. (President); Marco Vanderlaan (Chief Financial Officer and Treasurer); and David A. McHale (Secretary).”

Marco Vanderlaan was appointed as Chief Financial Officer and Treasurer at PROASSURANCE CORP.

“Richard Anderson (Chairman and Chief Executive Officer); Robert E. White, Jr. (President); Marco Vanderlaan (Chief Financial Officer and Treasurer); and David A. McHale (Secretary).”

Robert E. White, Jr. was appointed as President at PROASSURANCE CORP.

“Richard Anderson (Chairman and Chief Executive Officer); Robert E. White, Jr. (President); Marco Vanderlaan (Chief Financial Officer and Treasurer); and David A. McHale (Secretary).”

Richard Anderson was appointed as Chairman and Chief Executive Officer at PROASSURANCE CORP.

“Richard Anderson (Chairman and Chief Executive Officer); Robert E. White, Jr. (President); Marco Vanderlaan (Chief Financial Officer and Treasurer); and David A. McHale (Secretary).”
Earnings Releases

PROASSURANCE CORP reported the three months ended March 31, 2026 results: net income net income of $8.5 million, or $0.16 per diluted share, EPS $0.16 per diluted share.

“reported net income of $8.5 million, or $0.16 per diluted share”

Kedrick D. Adkins departed as Director at PROASSURANCE CORP.

“Kedrick D. Adkins, C.P.A., who had served on the Board for seven years, did not stand for re-election”

Scott C. Syphax was elected as Director at PROASSURANCE CORP.

“our stockholders elected Samuel A. DiPiazza, Jr., C.P.A., Maye Head Frei, and Scott C. Syphax to our Board of Directors”

Maye Head Frei was elected as Director at PROASSURANCE CORP.

“our stockholders elected Samuel A. DiPiazza, Jr., C.P.A., Maye Head Frei, and Scott C. Syphax to our Board of Directors”

Samuel A. DiPiazza, Jr. was elected as Director at PROASSURANCE CORP.

“our stockholders elected Samuel A. DiPiazza, Jr., C.P.A., Maye Head Frei, and Scott C. Syphax to our Board of Directors”

Thomas A. S. Wilson, Jr. departed as Director at PROASSURANCE CORP.

“M. James Gorrie, Ziad R. Haydar, M.D., Frank A. Spinosa, D.P.M., and Thomas A. S. Wilson, Jr., M.D., each of whom had served at least nine years on the board, did not stand for re-election”

Frank A. Spinosa departed as Director at PROASSURANCE CORP.

“M. James Gorrie, Ziad R. Haydar, M.D., Frank A. Spinosa, D.P.M., and Thomas A. S. Wilson, Jr., M.D., each of whom had served at least nine years on the board, did not stand for re-election”

Ziad R. Haydar departed as Director at PROASSURANCE CORP.

“M. James Gorrie, Ziad R. Haydar, M.D., Frank A. Spinosa, D.P.M., and Thomas A. S. Wilson, Jr., M.D., each of whom had served at least nine years on the board, did not stand for re-election”

M. James Gorrie departed as Director at PROASSURANCE CORP.

“M. James Gorrie, Ziad R. Haydar, M.D., Frank A. Spinosa, D.P.M., and Thomas A. S. Wilson, Jr., M.D., each of whom had served at least nine years on the board, did not stand for re-election”

Staci M. Pierce was elected as Director at PROASSURANCE CORP.

“Staci M. Pierce, J.D. (new member of the board)”

Richard J. Bielen was elected as Director at PROASSURANCE CORP.

“Richard J. Bielen, C.P.A. (new member of the board)”
Earnings Releases

PROASSURANCE CORP reported the three months ended March 31, 2024 results: net income $4.6 million, EPS $0.09 per diluted share.

“ProAssurance Reports Results for First Quarter 2024 BIRMINGHAM, AL – (BUSINESSWIRE) – May 6, 2024 – ProAssurance Corporation (NYSE: PRA) reports net income of $4.6 million, or $0.09 per diluted share, and operating income (1) of $4.2 million, or $0.08 per diluted share, for the three months ended March 31, 2024.”
Shareholder Votes

PROASSURANCE CORP shareholders voted on Advisory vote on the frequency of future say-on-pay votes. at the 2023-05-24 meeting.

“(d) The advisory vote to determine the frequency of executive compensation was as follows: 1 YEAR 2 YEARS 3 YEARS ABSTAIN 42,962,914 33,073 2,594,954 25,005”
Shareholder Votes

PROASSURANCE CORP shareholders approved Advisory approval of 2022 executive compensation. at the 2023-05-24 meeting.

“(c) The 2022 compensation of our named executive officers was approved, on an advisory basis, by the following vote: FOR AGAINST ABSTAIN 42,925,775 2,636,199 53,972”
Shareholder Votes

PROASSURANCE CORP shareholders approved Ratification of Ernst & Young LLP as independent auditor for the fiscal year ending December 31, 2023. at the 2023-05-24 meeting.

“(b) The selection of Ernst & Young, LLP as our independent auditing firm for the fiscal year ending December 31, 2023 was ratified by the following vote: FOR AGAINST ABSTAIN 48,146,702 706,252 15,472”
Shareholder Votes

PROASSURANCE CORP shareholders approved Re-election of Samuel L. Di Piazza, Jr., CPA, Fabiola Cobarrubias, MD, Edward L. Rand, Jr., and Katisha T. Vance, MD as directors for three-year terms. at the 2023-05-24 meeting.

“(a) Samuel L. Di Piazza, Jr. CPA, Fabiola Cobarrubias, MD, Edward L. Rand, Jr., and Katisha T. Vance, MD were re-elected to the Board and each will serve a three-year term ending at the Annual Meeting of Shareholders in 2026 and until their successors are elected and qualified. Voting was as follows: FOR WITHHELD Samuel L. Di Piazza, Jr., CPA 44,807,267 808,679 Fabiola Cobarrubias, MD 45,081,530 534,416 Edward L. Rand, Jr. 45,027,712 588,234 Katisha T. Vance, MD 38,234,810 7,381,136”
Earnings Releases

PROASSURANCE CORP reported the quarter and year ended December 31, 2023 results: net income $6.4 million, EPS $0.12 per diluted share.

“ProAssurance Reports Results for Fourth Quarter 2023 BIRMINGHAM, AL – (BUSINESSWIRE) – February 27, 2024 – ProAssurance Corporation (NYSE: PRA) reports net income of $6.4 million, or $0.12 per diluted share, and an operating loss (1) of $2.5 million, or $0.05 per diluted share, for the three months ended December 31, 2023.”
Earnings Releases

PROASSURANCE CORP reported for the three months ended September 30, 2023 results: net income net loss of $49.4 million, or $0.95 per diluted share, EPS $0.95 per diluted share.

“ProAssurance Reports Results for Third Quarter 2023 BIRMINGHAM, AL – (BUSINESSWIRE) – November 8, 2023 – ProAssurance Corporation (NYSE: PRA) reports a net loss of $49.4 million, or $0.95 per diluted share, and an operating loss (1) of $3.7 million, or $0.07 per diluted share, for the three months ended September 30, 2023.”
Earnings Releases

PROASSURANCE CORP reported for the quarter ended September 30, 2023 results: net income net loss of $49.4 million, or $0.95 per diluted share, EPS $0.95 per diluted share.

“the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ̈ 1 ITEM 2.02 RESULTS OF OPERATION AND FINANCIAL CONDITION On November 8, 2023 we issued a news release reporting the results of our operations for the quarter and nine months ended September 30, 2023.”

Dr. Ross E. Taubman retired as PICA Group President at PROASSURANCE CORP.

“On August 16, 2023 we issued a news release announcing Dr. Ross E. Taubman's retirement as PICA Group President, effective March 31, 2024.”
Shareholder Votes

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

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

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

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

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

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

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

“the company’s four director nominees were re-elected to three-year terms”
Debt Financings

PROASSURANCE CORP entered an off-balance-sheet arrangement for revolving credit of $125 million each swap agreements (total $250 million notional) with US Bank at hedging of short term interest rate indices maturing March 31, 2028.

“that was originally entered into on April 15, 2011 and subsequently amended on November 7, 2019 and April 19, 2021. The Revolving Credit Agreement permits borrowings up to $250 million, and has available a $50 million accordion feature which, if successfully subscribed, would expand the permitted borrowings to a maximum of $300 million. As of March 31, 2023 and”
Debt Financings

PROASSURANCE CORP incurred term loan of $125 million term loan with not disclosed at not stated maturing April 2028.

“In concert with the Revolving Credit Agreement amendment, ProAssurance agreed to a Term Loan of $125 million as of April 28, 2023. We plan to draw on the Term Loan and the Revolving Credit Agreement in November 2023 to refinance our senior notes that are due at that time. The Term Loan will be due April 2028.”
Debt Financings

PROASSURANCE CORP amended revolving credit of $250 million revolving credit facility with $50 million accordion with various lenders at not stated maturing April 2028.

“that was originally entered into on April 15, 2011 and subsequently amended on November 7, 2019 and April 19, 2021. The Revolving Credit Agreement permits borrowings up to $250 million, and has available a $50 million accordion feature which, if successfully subscribed, would expand the permitted borrowings to a maximum of $300 million. As of March 31, 2023 and”

Mike Boguski departed as President of Specialty Property and Casualty at PROASSURANCE CORP.

“On February 27, 2023 we issued a news release announcing Mike Boguski's retirement as President of Specialty Property and Casualty, effective June 30, 2023.”
Earnings Releases

PROASSURANCE CORP reported financial results for the quarter and year ended December 31, 2022.

“On February 27, 2023 we issued a news release reporting the results of our operations for the quarter and year ended December 31, 2022.”
Earnings Releases

PROASSURANCE CORP reported the three months ended September 30, 2022 results: net income net loss of $9.1 million, EPS $0.17 per diluted share.

“ProAssurance Corporation (NYSE: PRA) reports a net loss of $9.1 million, or $0.17 per diluted share, and an operating loss (1) of $3.0 million, or $0.06 per diluted share, for the three months ended September 30, 2022.”

Bruce D. Angiolillo was elected as Independent Chair at PROASSURANCE CORP.

“Bruce D. Angiolillo was elected by the board to serve as Independent Chair.”

W. Stancil (Stan) Starnes departed as Executive Chairman of the Board of Directors at PROASSURANCE CORP.

“On April 11, 2022, ProAssurance Corporation announced that W. Stancil (Stan) Starnes, Executive Chairman of the Board of Directors, will retire from the ProAssurance board at the end of his current term and will not stand for re-election.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.