UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|
| | |
| | |
Date of Report (Date of Earliest Event Reported): | | October 23, 2015 |
Erie Indemnity Company
__________________________________________
(Exact name of registrant as specified in its charter)
|
| | |
| | |
Pennsylvania | 0-24000 | 25-0466020 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
| | |
100 Erie Insurance Place, Erie, Pennsylvania | | 16530 |
_______________________________ (Address of principal executive offices) | | ___________ (Zip Code) |
|
| | |
Registrant's telephone number, including area code: | | (814) 870-2000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 23, 2015, Terrence W. Cavanaugh announced that he will retire as President and Chief Executive Officer of Erie Indemnity Company (the “Company”) at the end of 2016.
Item 8.01 Other Events.
On October 23, 2015, the Company issued a press release announcing Mr. Cavanaugh’s planned retirement, a copy of which is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
The following exhibits are being filed herewith:
|
| | |
No. | | Description |
99.1 | | Press Release |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
| | | | |
| | | | |
| | Erie Indemnity Company |
| | | | |
October 23, 2015 | | By: | | /s/ Sean J. McLaughlin |
| | | | |
| | | | Name: Sean J. McLaughlin |
| | | | Title: Executive Vice President, Secretary and General Counsel |
Exhibit Index
|
| | |
| | |
Exhibit No. | | Description |
| | |
99.1 | | Press Release dated October 23, 2015 |
| |
CONTACT: | Leah Knapp, Erie Insurance |
814/870-5758, leah.knapp@erieinsurance.com
FOR IMMEDIATE RELEASE
Erie Insurance President and CEO Terry Cavanaugh to Retire Year End 2016
ERIE, Pa. (Oct. 23, 2015) - Erie Indemnity Company (NASDAQ: ERIE) announced that Terrence W. Cavanaugh, president and chief executive officer, will retire at the close of 2016. Cavanaugh shared the decision yesterday during a meeting of the Board of Directors.
“The generous timeframe around Terry’s decision allows the Board to provide a thoughtful and effective transition of leadership,” said Chairman of the Board Thomas B. Hagen. “Equally important, it allows us to maintain our dedicated focus on protecting and serving our customers, and supporting our agents and employees for the long-term.”
Erie Indemnity Company provides management services to the member companies of the Erie Insurance Group, which includes Erie Insurance Exchange, Flagship City Insurance Company, Erie Insurance Company, Erie Insurance Property and Casualty Company, Erie Insurance Company of New York and Erie Family Life Insurance Company.
A native of Chicago, Cavanaugh joined Erie Insurance in 2008 after a 33-year career with the Chubb Group of Insurance Companies. Under his leadership, Erie Insurance has grown property and casualty direct written premium by more than 45 percent and increased policyholder surplus by 60 percent.
Cavanaugh currently serves as the chair of the Board of Governors of Property Casualty Insurers Association of America (PCI). He is also on the Pennsylvania Workforce Investment Board and boards of the American Institute for CPCU and Insurance Institute of America.
Cavanaugh also serves on the Board of Directors of Highmark, a diversified health and wellness system based in Pittsburgh, Pa., and the third largest integrated health delivery and financing network in the nation. In Northwest Pennsylvania, where ERIE’s headquarters are located, Cavanaugh provides board leadership for a number of community organizations.
About Erie Insurance
According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 11th largest homeowners insurer and 12th largest
automobile insurer in the United States based on direct premiums written and the 16th largest property/casualty insurer in the United States based on total lines net premium written. The Group, rated A+ (Superior) by A.M. Best Company, has more than 5 million policies in force and operates in 12 states and the District of Columbia. Erie Insurance Group is a FORTUNE 500 company, a Barron's 500 company and has been recognized by Forbes as one of America's 50 Most Trustworthy Financial Companies.
News releases and more information about Erie Insurance Group are available at www.erieinsurance.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein are forward-looking and, as such, may involve risks and uncertainties. These forward-looking statements reflect the Company's current views about future events, are based on assumptions, and are subject to known and unknown risks and uncertainties that may cause results to differ materially from results anticipated in those statements. Many of the factors that will determine future events or achievements are beyond our ability to control or predict. The Company assumes no obligation to publicly update or revise any forward-looking statements.
# # #
Erie Indemnity (NASDAQ:ERIE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Erie Indemnity (NASDAQ:ERIE)
Historical Stock Chart
From Jul 2023 to Jul 2024
