8-K 1 a13-12174_18k.htm 8-K

 

 

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

 

May 9, 2013

Date of Report (Date of earliest event reported)

 

Arch Capital Group Ltd.

(Exact name of registrant as specified in its charter)

 

Bermuda

 

0-26456

 

N/A

(State or other
jurisdiction of
incorporation or
organization)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

Wessex House, 45 Reid Street, Hamilton HM 12, Bermuda

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:

(441) 278-9250

 

N/A

(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 (see General Instruction A.2. below):

 

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 5.07                                  Submission of Matters to a Vote of Security Holders.

 

Arch Capital Group Ltd.’s (“ACGL”) annual meeting of shareholders was held on May 9, 2013.  At the meeting, the holders of 121,674,936 common shares, which represents approximately 91 percent of the outstanding shares entitled to vote as of the record date of March 12, 2013, were represented in person or by proxy.  Matters submitted to shareholders at the meeting and the voting results thereof were as follows:

 

Item 1.  The vote on the election of the three Class III directors to hold office until the 2016 annual meeting of shareholders or until their successors are elected and qualified.  The voting results were as follows:

 

NOMINEE

 

FOR

 

WITHHELD

 

BROKER NON-
VOTES

 

John L. Bunce, Jr.

 

114,002,793

 

583,834

 

7,088,309

 

Yiorgos Lillikas

 

114,470,795

 

115,832

 

7,088,309

 

Deanna M. Mulligan

 

114,483,987

 

102,640

 

7,088,309

 

 

Item 2.  The vote on the election of certain individuals as Designated Company Directors of certain of ACGL’s non-U.S. subsidiaries.  The voting results were as follows:

 

DIRECTOR

 

FOR

 

WITHHOLD

 

BROKER NON-
VOTES

 

Anthony Asquith

 

114,510,258

 

76,369

 

7,088,309

 

Edgardo Balois

 

114,513,836

 

72,791

 

7,088,309

 

Dennis R. Brand

 

114,485,405

 

101,222

 

7,088,309

 

Peter Calleo

 

114,510,055

 

76,572

 

7,088,309

 

Paul Cole

 

114,519,021

 

67,606

 

7,088,309

 

Michael Constantinides

 

114,506,909

 

79,718

 

7,088,309

 

Graham B.R. Collis

 

111,254,522

 

3,332,105

 

7,088,309

 

William J. Cooney

 

114,514,737

 

71,890

 

7,088,309

 

Nick Denniston

 

114,513,636

 

72,991

 

7,088,309

 

Michael Feetham

 

114,514,971

 

71,656

 

7,088,309

 

Stephen Fogarty

 

114,517,500

 

69,127

 

7,088,309

 

 

2



 

Elisabeth Fullerton-Rome

 

114,515,606

 

71,021

 

7,088,309

 

Marc Grandisson

 

114,510,241

 

76,386

 

7,088,309

 

Michael A. Greene

 

114,510,541

 

76,086

 

7,088,309

 

Jerome Halgan

 

114,518,815

 

67,812

 

7,088,309

 

David W. Hipkin

 

114,510,417

 

76,210

 

7,088,309

 

W. Preston Hutchings

 

114,511,438

 

75,189

 

7,088,309

 

Constantine Iordanou

 

114,521,146

 

65,481

 

7,088,309

 

Wolbert H. Kamphuijs

 

114,512,595

 

74,032

 

7,088,309

 

Michael H. Kier

 

114,518,926

 

67,701

 

7,088,309

 

Lin Li-Williams

 

114,520,220

 

66,407

 

7,088,309

 

Mark D. Lyons

 

110,572,581

 

4,014,046

 

7,088,309

 

Adam Matteson

 

114,519,115

 

67,512

 

7,088,309

 

Robert McDowell

 

114,519,376

 

67,251

 

7,088,309

 

David H. McElroy

 

114,510,230

 

76,397

 

7,088,309

 

Rommel Mercado

 

114,519,890

 

66,737

 

7,088,309

 

David J. Mulholland

 

114,520,406

 

66,221

 

7,088,309

 

Michael R. Murphy

 

114,516,736

 

69,891

 

7,088,309

 

Martin J. Nilsen

 

114,519,153

 

67,474

 

7,088,309

 

Mark Nolan

 

114,520,406

 

66,221

 

7,088,309

 

Marita Oliver

 

114,512,462

 

74,165

 

7,088,309

 

Nicolas Papadopoulo

 

114,513,725

 

72,902

 

7,088,309

 

Elizabeth Quinn

 

114,513,046

 

73,581

 

7,088,309

 

Maamoun Rajeh

 

114,519,292

 

67,335

 

7,088,309

 

John F. Rathgeber

 

114,510,541

 

76,086

 

7,088,309

 

Andrew Rippert

 

114,507,084

 

79,543

 

7,088,309

 

Carla Santamaria-Seña

 

114,540,987

 

45,640

 

7,088,309

 

 

3



 

Arthur Scace

 

114,515,892

 

70,735

 

7,088,309

 

Scott Schenker

 

114,515,840

 

70,787

 

7,088,309

 

Søren Scheuer

 

114,519,085

 

67,542

 

7,088,309

 

Budhi Singh

 

114,510,353

 

76,274

 

7,088,309

 

Helmut Söhler

 

114,538,350

 

48,277

 

7,088,309

 

Iwan Van Munster

 

114,541,767

 

44,860

 

7,088,309

 

Angus Watson

 

114,514,964

 

71,663

 

7,088,309

 

James R. Weatherstone

 

114,513,793

 

72,834

 

7,088,309

 

Gerald Wolfe

 

114,518,178

 

68,449

 

7,088,309

 

 

Item 3.  The vote on the ratification of the selection of PricewaterhouseCoopers LLP as ACGL’s independent registered public accounting firm for the year ending December 31, 2013.  The voting results were as follows:

 

FOR

 

AGAINST

 

ABSTAIN

 

BROKER
NON-VOTES

121,403,327

 

256,562

 

15,047

 

0

 

Item 4.  The vote on a proposal on advisory vote on executive compensation (say-on-pay).  The voting results were as follows:

 

FOR

 

AGAINST

 

ABSTAIN

 

BROKER NON-
VOTES

108,684,380

 

5,868,238

 

34,009

 

7,088,309

 

ITEM 8.01                                  Other Events.

 

Preferred Share Dividends.  On May 9, 2013, the Board of Directors (the “Board”) of ACGL declared dividends with respect to the outstanding13,000,000 shares of its 6.75% Non-Cumulative Preferred Shares, Series C, $0.01 per share (the “Series C Shares”), with a liquidation preference of $25.00 per share, as outlined below.  All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on June 30, 2013 to holders of record of the Series C Shares, as of June 15, 2013, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the applicable effective date.

 

Series

 

Effective Date
for Declaration

 

Dividend Period

 

Dividend Amount

 

Rate Per Share

 

Series C

 

6/30/13

 

3/31/13-6/29/13

 

$

5,484,375

 

$

0.421875

 

 

4



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned.

 

 

ARCH CAPITAL GROUP LTD.

 

 

 

 

Date: May 10, 2013

By:

/s/ Marc Grandisson

 

 

 

Name: Marc Grandisson

Title: Chairman and Chief Executive Officer of Arch Worldwide Reinsurance Group

 

5