MILWAUKEE, April 1, 2020 /PRNewswire/ -- MGIC Investment
Corporation (NYSE: MTG) today made the following announcement. The
following Notice of Change of Location and Notice of Change in
Voting Instructions relates to the proxy statement (the "Proxy
Statement") of MGIC Investment Corporation (the "Company"), dated
March 20, 2020, furnished to
shareholders of the Company in connection with the solicitation of
proxies by the Board of Directors of the Company for use at the
Annual Meeting of Shareholders (the "Annual Meeting") to be held on
Thursday, April 23, 2020. This
additional information is being filed with the Securities and
Exchange Commission and is being made available to shareholders on
or about April 1, 2020.
THE NOTICES SHOULD BE READ IN CONJUNCTION WITH
THE PROXY STATEMENT.
NOTICE OF CHANGE OF LOCATION AND NOTICE OF CHANGE IN VOTING
INSTRUCTIONS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE
HELD ON APRIL 23, 2020
To our Shareholders:
Due to the ongoing public health impact of the coronavirus
disease 2019 ("COVID-19") outbreak and to support the health and
well-being of our associates and shareholders, NOTICE IS HEREBY
GIVEN that the location of the Annual Meeting of Shareholders of
MGIC Investment Corporation (the "Company") has been changed. As
previously announced, the Annual Meeting of Shareholders (the
"Annual Meeting") will be held on Thursday,
April 23, 2020 at 9:00 a.m., Central
Time; however, the Annual Meeting will now be held in a
virtual meeting format only, via live webcast. You will not be able
to attend the Annual Meeting physically. It is the Company's
current intent to return to an in-person format for its future
annual meetings of shareholders.
As described in the proxy materials for the Annual Meeting
previously distributed, you are entitled to participate in the
Annual Meeting if you were a shareholder as of the close of
business on March 6, 2020, the record
date, or hold a legal proxy for the meeting provided by your bank,
broker, or nominee.
Voting as a Beneficial Owner
If you were a beneficial
owner of record as of March 6, 2020
(i.e., you held your shares in an account at a brokerage firm, bank
or other similar agent), the Voting Instruction Form or other
notice included with the proxy materials previously distributed may
continue to be used to vote your shares in connection with the
annual meeting. It will not be updated to reflect the change in
location.
Voting as a Shareholder of Record or Participant in our
Profit Sharing and Savings Plan
If you were a shareholder of
record (i.e., you held your shares in your own name as reflected in
the records of our transfer agent, American Stock Transfer &
Trust Company, LLC), or you held shares as a participant in our
Profit Sharing and Savings Plan, in each case, as of March 6, 2020, you will be mailed a new proxy
card in the near future (the "Replacement Proxy Card"). This
Replacement Proxy Card contains new instructions to be used for
voting your shares. For your vote to be counted, you must use
the new instructions to vote your shares, even if you have already
voted using the instructions on the original proxy card that was
mailed to you. We apologize for any inconvenience. If you hold
shares as a participant in our Profit Sharing and Savings Plan, the
plan trustee will vote shares held in your account in accordance
with your instructions and the plan terms. The plan trustee will
only vote the shares for you if your instructions are received at
least three business days before the Annual Meeting date.
Attending the Virtual Meeting
If you were a
shareholder as of March 6, 2020, you
may attend the Annual Meeting by accessing
https://www.virtualshareholdermeeting.com/MTG2020. You must enter
the control number found on your Voting Instruction Form, other
notice or Replacement Proxy Card, as applicable. Because of the
change in the format of the meeting due to the COVID-19 outbreak,
management will not report on our performance during the last year.
However, to the extent feasible, management will answer questions
submitted during the meeting that are pertinent to the business of
the meeting. The rules of the meeting will provide additional
information on our question and answer process. Once admitted to
the meeting, you may submit questions, vote (if you were a
beneficial owner or shareholder of record) and view our list of
shareholders during the Annual Meeting by following the
instructions that will be available on the meeting website.
Registration will begin 15 minutes before the start time of the
meeting. A telephone number that you may call for technical
assistance will be available on the meeting website. Whether or not
you plan to attend the Annual Meeting, we urge you to vote and
submit your proxy in advance of the meeting by one of the methods
described on your Voting Instruction Form, other notice or
Replacement Proxy Card, as applicable.
Our Proxy Statement and Annual Report are available at
https://materials.proxyvote.com/552848.
By Order of the Board of Directors
Paula C. Maggio, Secretary
April 1, 2020
About MGIC
The principal subsidiary of MGIC Investment Corporation is
Mortgage Guaranty Insurance Corporation, or MGIC (www.mgic.com),
which serves lenders throughout the
United States, Puerto Rico,
and other locations helping families achieve homeownership sooner
by making affordable low-down-payment mortgages a reality through
the use of mortgage insurance. At December
31, 2019 MGIC had $222.3
billion of primary insurance in force.
From time to time MGIC Investment Corporation releases important
information via postings on its corporate website, and via postings
on MGIC's website for information related to underwriting and
pricing, and intends to continue to do so in the future. Such
postings include corrections of previous disclosures and may be
made without any other disclosure. Investors and other interested
parties are encouraged to enroll to receive automatic email alerts
and Really Simple Syndication (RSS) feeds regarding new postings.
Enrollment information for MGIC Investment Corporation alerts can
be found at https://mtg.mgic.com/shareholder-services/email-alerts.
For information about our underwriting and rate changes, see
https://www.mgic.com/underwriting.
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SOURCE MGIC Investment Corporation