UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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(Exact name of registrant as specified in its charter)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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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 5.07 Submission of Matters to a Vote of Security Holders.
The Hanover Insurance Group, Inc. (the “Company”) held its annual meeting of shareholders on May 11, 2021 (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders elected each of Kevin J. Bradicich, J. Paul Condrin III, Cynthia L. Egan and Kathleen S. Lane to serve as a director in the class of directors whose terms expire at the 2024 annual meeting of shareholders, and Harriett “Tee” Taggart to serve in the class of directors whose terms expire at the 2023 annual meeting of shareholders, and until their successors are duly elected and qualified. At the Annual Meeting, the Company’s shareholders also approved an advisory vote on executive compensation and ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent, registered public accounting firm for 2021.
The final voting results for each matter submitted to a vote of shareholders at the Annual Meeting are as follows:
Item 1 – Election of Directors
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Name |
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Votes For |
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Votes Against |
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Votes Abstained |
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Broker |
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Kevin J. Bradicich |
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30,541,190 |
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53,140 |
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18,536 |
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1,666,004 |
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J. Paul Condrin III |
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30,534,726 |
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58,516 |
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19,624 |
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1,666,004 |
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Cynthia L. Egan |
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29,592,607 |
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993,698 |
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26,561 |
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1,666,004 |
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Kathleen S. Lane |
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29,924,322 |
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670,105 |
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18,439 |
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1,666,004 |
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Harriett “Tee” Taggart |
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30,187,836 |
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405,773 |
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19,257 |
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1,666,004 |
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Item 2 – Advisory Vote on Executive Compensation
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Votes For |
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Votes Abstained |
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Broker Non-Votes |
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29,898,785 |
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670,780 |
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43,301 |
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1,666,004 |
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Item 3 – Ratification of Independent, Registered Public Accounting Firm
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Votes For |
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Votes Against |
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Votes Abstained |
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31,699,001 |
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559,818 |
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20,051 |
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Item 8.01 Other Events.
On May 11, 2021, the Company’s Board of Directors increased the existing share repurchase authorization by $400 million to $1.3 billion (the “Share Repurchase Program”). The Company now has approximately $435 million remaining under the Share Repurchase Program. Repurchases under the Share Repurchase Program may be made at the Company’s discretion from time to time using open market purchases, privately negotiated transactions, accelerated repurchase programs or other transactions. The Share Repurchase Program has no time limit and does not obligate the Company to make any repurchases.
A copy of the press release announcing the increase in the share repurchase authorization is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference in this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
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(a) |
Not applicable. |
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Not applicable. |
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Not applicable. |
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Exhibits. |
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Exhibit No. |
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Document |
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Exhibit 99.1 |
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Exhibit 104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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Exhibit Index
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Exhibit No. |
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Document |
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Exhibit 99.1 |
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Exhibit 104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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 thereunto duly authorized.
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The Hanover Insurance Group, Inc. (Registrant) |
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Date: May 11, 2021 |
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By: |
/s/ Dennis F. Kerrigan |
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Dennis F. Kerrigan |
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Executive Vice President, General Counsel and Asst. Secretary |
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