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): September 2, 2015
RLI Corp.
(Exact name of registrant as specified in its charter)
Illinois |
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001-09463 |
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37-0889946 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
of incorporation) |
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File Number) |
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Identification No.) |
9025 North Lindbergh Drive, Peoria, IL |
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61615 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (309) 692-1000
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:
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))
Item 8.01 Other Events.
On September 2, 2015, RLI Corp. announced that Michael J. Stone will retire as RLI Insurance Company President & Chief Operating Officer effective December 31, 2015, and that he will continue to serve on RLI Corp.s Board of Directors. Craig Kliethermes, currently Executive Vice President, Operations, will assume the role of RLI Insurance Company President & Chief Operating Officer as of January 1, 2016. Furnished as Exhibit 99.1 and incorporated herein by reference is the press release issued by RLI Corp.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
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99.1 |
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Press Release dated September 2, 2015. |
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This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be filed under the Securities Exchange Act of 1934. |
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.
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RLI CORP. | |
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Date: September 2, 2015 |
By: |
/s/ Daniel O. Kennedy |
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Daniel O. Kennedy | |
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Vice President and General Counsel |
Exhibit 99.1
FOR IMMEDIATE RELEASE
MIKE STONE, RLI INSURANCE COMPANY PRESIDENT & COO, ANNOUNCES RETIREMENT, CRAIG KLIETHERMES TO ASSUME ROLE OF PRESIDENT & COO EFFECTIVE JANUARY 1, 2016.
PEORIA, ILLINOIS, September 2, 2015 RLI Corp. (NYSE: RLI) RLI Corp. announced today that Michael J. Stone will retire as RLI Insurance Company President & COO effective December 31, 2015. He will continue to serve on the RLI Board of Directors following that date. Craig Kliethermes, Executive Vice President, Operations, will assume the role of RLI Insurance Company President & COO as of January 1, 2016.
I am honored to have been a part of the vision and growth of this great company for so many years, said Stone. Craig has been preparing to succeed me for several years and I have the utmost confidence in his ability, and that of our entire leadership team, to effectively lead our organization into the future. Were well-positioned for continued success.
Stone joined RLI in 1996 and has served as RLI Insurance Company President & COO since 2002. During his nearly 20 year career with RLI, he served as Vice President, Claim before becoming Executive Vice President in 1998.
Throughout his tenure, Mike has been an integral partner in RLIs growth and success, providing outstanding leadership for our insurance operations, said RLI Chairman & CEO Jonathan E. Michael. On behalf of the board of directors and all RLI employees, I thank him for his commitment to our company and wish him well in his retirement.
Kliethermes joined RLI in 2006 as Vice President, Actuarial Services, and was promoted to Senior Vice President, Risk Services, in 2009. Kliethermes has served as RLIs Executive Vice President, Operations, since 2013. Prior to joining RLI, he served in executive positions with Lockton Companies, GE Insurance/Employers Reinsurance and John Deere Insurance Company. Kliethermes holds a bachelors degree in mathematics from Maryville College and has earned his Chartered Property Casualty Underwriter designation. He is a Member of the American Academy of Actuaries and is a Fellow of the Casualty Actuarial Society.
Craigs industry experience, demonstrated leadership and deep understanding of RLIs business make him uniquely qualified to step into this role, said Michael. Im confident that our insurance operations will continue to thrive under his sound leadership.
ABOUT RLI
RLI (NYSE: RLI) is a specialty insurer serving diverse, niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLIs products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company. RLI has increased dividends for 40 consecutive years and delivered underwriting profits for 19 consecutive years. To learn more about RLI and its 50-year history of financial strength, visit www.rlicorp.com.
MEDIA CONTACT
Aaron Jacoby, Vice President, Corporate Development
309-693-5880
Aaron.Jacoby@rlicorp.com
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