8-KThe WireRed Alert
Executive Change · Reg FD Disclosure
Filed Dec 3, 2024 · 1y ago · Accession 0001104659-24-125110
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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): December 3, 2024
STEWART
INFORMATION SERVICES CORPORATION
(EXACT NAME OF REGISTRANT
AS SPECIFIED IN ITS CHARTER)
Delaware
001-02658
74-1677330
(STATE OR OTHER
JURISDICTION)
(COMMISSION FILE NO.)
(I.R.S. EMPLOYER
IDENTIFICATION NO.)
1360
Post Oak Blvd, Suite 100 , Houston ,
Texas 77056
(Address Of Principal Executive Offices) (Zip
Code)
Registrant’s Telephone
Number, Including Area Code: ( 713 ) 625-8100
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, $1 par value
STC
New
York Stock Exchange (NYSE)
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging growth
company, indicate by check mark if 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. ¨
Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 3, 2024, Stewart Information
Services Corporation (the “Company”) entered into an Amended and Restated Employment Agreement (the “Employment Agreement”)
with the Company’s Chief Executive Officer, Frederick H. Eppinger. The Employment
Agreement extends the term of the Company’s prior employment agreement with Mr. Eppinger until December 31, 2028, which
term was otherwise set to expire on December 31, 2025. Under the Employment Agreement, Mr. Eppinger’s base salary is
initially set at $1,100,000 annually. Pursuant to the terms of the Employment Agreement, Mr. Eppinger is entitled to receive certain
benefits upon the termination of his employment under certain circumstances. For periods commencing
on and after January 1, 2026, in the event Mr. Eppinger’s employment is terminated due to voluntary retirement, as defined
in the Company’s Executive Voluntary Retirement Plan (the “Plan”), Mr. Eppinger shall be entitled to certain benefits
as provided pursuant to the Plan. The other components of Mr. Eppinger’s compensation
are otherwise materially consistent with his compensation as described in the Company’s definitive proxy statement on Schedule
14A filed on March 26, 2024.
The
foregoing is only a summary of certain of the terms of the Employment Agreement and is qualified in its entirety by reference to the
full text thereof, a copy of which is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference into this Item
5.02.
Item 7.01 Regulation
FD Disclosure.
On December 3, 2024, the Company issued a press release announcing
Mr. Eppinger’s contract extension. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
The information in this Item 7.01 and Exhibit 99.1
attached hereto are not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information and
exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as
shall be expressly set forth by specific reference.
Item 9.01. Financial
Statements and Exhibits.
(d) EXHIBITS
Exhibit No .
Description
10.1
Amended and Restated Employment Agreement entered as of December 3, 2024, by and between Stewart
Information Services Corporation and Frederick H. Eppinger
99.1
Press release of Stewart Information
Services Corporation dated December 3, 2024, announcing contract extension for Frederick H. Eppinger
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
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 thereunto
duly authorized.
STEWART INFORMATION SERVICES CORPORATION
(Registrant)
By:
/s/ Elizabeth K. Giddens
Elizabeth K. Giddens,
Chief Legal Officer and Corporate Secretary
Date: December 3, 2024
Filing details
- Ticker
- STC
- CIK
- 94344
- Form type
- 8-K
- Filing date
- Dec 3, 2024
- Report date
- Dec 3, 2024
- Document
- tm2429067d2_8k.htm
- Size
- 405 KB