-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DV18cMWqV54Iugwsxyy+bovLS++InPJvZ2tU2WGVIIvfON7vv6d6/5xgpSLh7YMO bcYlVNGY224DVPqkRQxf8Q== 0001341004-11-000074.txt : 20110119 0001341004-11-000074.hdr.sgml : 20110119 20110119090026 ACCESSION NUMBER: 0001341004-11-000074 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110119 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110119 DATE AS OF CHANGE: 20110119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Employers Holdings, Inc. CENTRAL INDEX KEY: 0001379041 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 043850065 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33245 FILM NUMBER: 11534541 BUSINESS ADDRESS: STREET 1: 10375 PROFESSIONAL CIRCLE CITY: RENO STATE: NV ZIP: 89521 BUSINESS PHONE: 775-327-2936 MAIL ADDRESS: STREET 1: 10375 PROFESSIONAL CIRCLE CITY: RENO STATE: NV ZIP: 89521 8-K 1 eh8k.htm 8-K eh8k.htm
 


 
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): January 19, 2011
 
EMPLOYERS HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
_____________________

NEVADA
(State or Other Jurisdiction of
Incorporation)
001-33245
(Commission File Number)
04-3850065
(I.R.S. Employer Identification No.)
 
10375 Professional Circle
Reno, Nevada
(Address of Principal Executive Offices)
 
 
89521
(Zip Code)
 
Registrant's telephone number including area code: (888) 682-6671
 
No change since last report
 
(Former Name or 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:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 



 
 

 
 
 
Section 5 – Corporate Governance and Management
 
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
(b)
 
 
On January 19, 2011, Employers Holdings, Inc. (the “Company”) announced that the Company and Martin J. Welch, the President and Chief Operating Officer of, among others, the insurance subsidiaries of the Company, have mutually agreed to the separation of Mr. Welch’s employment with the Company. Effective February 1, 2011, Mr. Welch will (i) cease his employment with the Company and its subsidiaries, and (ii) resign as a member of the Company’s Board of Directors and the Boards of Directors of all subsidiaries of the Company on which he serves. Mr. Welch’s resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
 
 
The Company has negotiated a separation agreement with Mr. Welch that provides for severance pursuant to the terms of Mr. Welch’s existing employment agreement. Mr. Welch’s employment agreement is filed as Exhibit 10.4 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 23, 2008.
 
 
Furnished as Exhibit 99.1 and incorporated herein by reference is the press release issued by the Company.
 
 
Section 9 – Financial Statements and Exhibits
 
Item 9.01. Financial Statements and Exhibits.
                      
99.1           Employers Holdings, Inc. press release, dated January 19, 2011.
 

 
 

 

 
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 hereunto duly authorized.
 
 
EMPLOYERS HOLDINGS, INC.
   
   
 
By:
/s/ Ann W. Nelson
 
  Name: Ann W. Nelson  
  Title: Executive Vice President,
Corporate & Public Affairs
 
 
Dated:  January 19, 2011
 

 
 

 

 
Exhibit Index
 
 
Exhibit No.
 
Exhibit
99.1
 
Employers Holdings, Inc. press release, dated January 19, 2011.
 

 


EX-99.1 2 ex99-1.htm EXHIBIT 99.1: PRESS RELEASE DATED JANUARY 19, 2011. ex99-1.htm
Exhibit 99.1
 
Employers Holdings Announces Management Change

Reno, Nev. – January 19, 2011 – Employers Holdings, Inc. (NYSE: EIG) announced today that the Company and Martin J. Welch have mutually agreed to the separation of his employment as the Chief Operating Officer and President of Employers Insurance Company of Nevada and the Company’s other subsidiaries, effective February 1, 2011.  At the present time, there are no plans to fill Mr. Welch’s position upon his departure.  The business operations reporting to Mr. Welch will report to Douglas D. Dirks, President and Chief Executive Officer.
 
 
Additionally, Mr. Welch has resigned as a member of the Company’s Board of Directors and the Boards of Directors of all subsidiaries of the Company on which he serves, in each case effective February 1, 2011.  Mr. Welch’s resignations are in no way the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
 
“Marty has had a great impact across the organization over the past six years, first as Chief Underwriting Officer and most recently as Chief Operating Officer,” said Dirks.  “Among his many accomplishments, Marty successfully led the integration of Employers and AmComp, Inc. as well as the implementation of the new underwriting system currently used by our insurance subsidiaries.”
 
Welch said, “I am grateful for the opportunity to have worked with Doug and his team and to have been a part of all that we have accomplished together over the past six years.”
 
 
About Employers Holdings, Inc.
 
Employers Holdings, Inc. (NYSE: EIG) is a holding company with subsidiaries that are specialty providers of workers' compensation insurance and services focused on select small businesses engaged in low-to-medium hazard industries. The company, through its subsidiaries, operates coast to coast. Insurance is offered by Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, and Employers Assurance Company, all rated A- (Excellent) by A.M. Best Company. Additional information can be found at: http://www.employers.com.
 
Copyright© 2011 EMPLOYERS. All rights reserved. EMPLOYERS(R) and America's small business insurance specialist(R) are registered trademarks of Employers Insurance Company of Nevada.
 
SOURCE Employers Holdings, Inc.
 
Copyright© 2010 EMPLOYERS. All rights reserved. EMPLOYERS® and America's small business insurance specialist® are registered trademarks of Employers Insurance Company of Nevada.
 


 
CONTACT:
 
Media – Ty Vukelich, Vice President, Corporate Marketing, tvukelich@employers.com, (775) 327-2677
Analysts – Vicki Erickson, Vice President, Investor Relations, verickson@employers.com, (775) 327-2794
 
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