UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 2.02 Results of Operations and Financial Condition.
In a press release dated February 27, 2024, Safety Insurance Group, Inc. (the “Registrant”) announced its fourth quarter 2023 results. The Registrant’s press release dated February 27, 2024 is furnished herewith as Exhibit 99.1.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On February 27, 2024, Ann M. McKeown, 56, the Company’s Vice President of Insurance Operations, communicated her intention to retire, to which the Board of Directors accepted, effective March 1, 2024. Ms. McKeown has been employed by the Registrant’s insurance subsidiaries for over 34 years.
(c) On February 27, 2024, Brian S. Lam, 44, was appointed the Company’s Vice President of Insurance Operations, effective March 1, 2024. Mr. Lam has held the Director of Insurance Operations and Customer Engagement position with the Company since 2014 and began his career with the Registrant’s insurance subsidiaries in 2002. Mr. Lam and the Company executed a one-year employment contract, to be renewed annually on approval from the Board of Directors, at an annual compensation of $235,000 with benefits comparable to other officers of the Company. The foregoing is a summary only and does not purport to be a complete description of all of the terms, provisions, covenants and agreements contained in the employment contract.
There are no family relationships between Mr. Lam and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Additionally, there have been no transactions involving Mr. Lam that would require disclosure under Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is furnished herewith:
Exhibit Number | Description |
99.1 | Text of press release issued by the Registrant dated February 27, 2024 |
104The cover page from this Current Report on form 8-K, formatted in Inline XBRL
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.
Safety Insurance Group, Inc. (Registrant) | ||
Date: February 27, 2024 | By: | /s/ CHRISTOPHER T. WHITFORD |
Christopher T. Whitford | ||
V.P., Chief Financial Officer and Secretary | ||