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 13, 2017 | ||
SELECTIVE INSURANCE GROUP, INC. | |||
(Exact name of registrant as specified in its charter) | |||
New Jersey | 001-33067 | 22-2168890 | |
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) | |
40 Wantage Avenue, Branchville, New Jersey | 07890 | ||
(Address of principal executive offices) | (Zip Code) | ||
Registrant's telephone number, including area code | (973) 948-3000 | ||
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))
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.
☐
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. |
(d) Election of Director
Effective January1, 2018, the Board of Directors (the “Board”) of Selective Insurance Group, Inc. (the “Company”) elected Thomas A. McCarthy to the Board of the Company to serve until the 2018 annual meeting of stockholders of the Company. Mr. McCarthy has been appointed to the Audit Committee and the Finance Committee of the Board.
A copy of the Company's press release announcing Mr. McCarthy's election to the Company's Board is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
Section 9 – Financial Statements and Exhibits
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
99.1 | Press Release of Selective Insurance Group, Inc. dated December 13, 2017 |
EXHIBIT INDEX
Exhibit No. | Description |
99.1 | Press Release of Selective Insurance Group, Inc. dated December 13, 2017 |
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.
SELECTIVE INSURANCE GROUP, INC. | |||
Date: December 13, 2017 | By: | /s/ Michael H. Lanza | |
Michael H. Lanza | |||
Executive Vice President and General Counsel |
Exhibit 99.1
![]() |
Selective Insurance Group, Inc. 40 Wantage Avenue Branchville, NJ 07890 www.selective.com |
FOR IMMEDIATE RELEASE
Media Contact: Jamie Beal | Investor Contact: Rohan Pai | |
973-948-1234, jamie.beal@Selective.com | 973-948-1364, rohan.pai@Selective.com |
Selective Appoints Thomas A. McCarthy as New Director
Branchville, NJ – December 13, 2017 – Selective Insurance Group, Inc. (NASDAQ: SIGI) announced today that Thomas A. McCarthy has been elected to its Board of Directors, effective as of January 1, 2018. Mr. McCarthy, Cigna Corporation’s former executive vice president and chief financial officer, is an independent director.
Mr. McCarthy, who is 61, retired from Cigna in June 2017 after more than 30 years with the company. As chief financial officer from 2013 to 2017, Tom was responsible for all of Cigna’s financial operations, investment management, and strategic planning during a period of increasing economic and regulatory complexity. Prior to his promotion to chief financial officer, he served as vice president of finance and treasury, tax, strategy, corporate development, and run-off insurance. Mr. McCarthy also was a financial executive with Kemper Corporation and USAA previously in his career.
“We are delighted to have Tom join Selective’s Board. He has a wealth of insurance, corporate strategy, and finance experience in a Fortune 100 company,” said Lead Independent Director J. Brian Thebault.
Chairman and CEO Gregory E. Murphy stated, “As we continue to outperform the industry, Tom will play a key role in contributing to Selective’s overall corporate strategies. In particular, we think his deep knowledge of customer experience, agents, investments, and capital management will be an immediate and significant asset to Selective’s Board.”
A resident of Pennsylvania, Mr. McCarthy holds a B.S. from the University of Pennsylvania and an M.B.A. from Carnegie Mellon University.
Selective Insurance Group, Inc. is a holding company for ten property and casualty insurance companies rated “A” (Excellent) by A.M. Best. Through independent agents, the insurance companies offer standard and specialty insurance for commercial and personal risks, and flood insurance underwritten by the National Flood Insurance Program. Selective maintains a website at www.Selective.com.
-R LJ+(-TW; B.?M%%FKUB]:K).6CMLJH@X04361
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M9.&2+AP^)$G[A9T[=+**JJ;;;9SYHF]F/K E'.$[E5\5^]D 28/\ 1N[4"FQ!31+9B29KK9?N1OC_
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MZJ' X_MP1*XS_P"6?+.=YK^.?YLV'C::I_E&5&+])A
MZQ0+/W),U3^!=TBQY5,BZMBRIQ.M^AJN2M?W,ZI8'Y/MYK5D1F[/H K%OOST
M/2WVB=[WX'KKH6<3M":VJ3DTXB]MLV8N,A!T)FT9.*-6\9$"8R(&IL 16&+1
M&Q +8T\D