8-KOther Events

ARCH CAPITAL GROUP LTD. 8-K Report (Aug 29, 2003)

Filed August 29, 2003For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) filed a Form 8-K on August 29, 2003, to provide information inadvertently omitted from its Form 10-Q for the period ending June 30, 2003. The filing details the outcomes of the company's Annual Meeting of Shareholders held on May 21, 2003. Key resolutions passed at the meeting included the election of Class II Directors, the election of Designated Company Directors for non-U.S. subsidiaries, and the ratification of PricewaterhouseCoopers LLP as the independent accountants for the fiscal year ending December 31, 2003. The voting results indicate strong shareholder support for management's proposals.

Key Highlights

  • 1Annual Shareholder Meeting held on May 21, 2003.
  • 2Proxies were solicited in accordance with Regulation 14 under the Securities Exchange Act of 1934.
  • 3No opposition to management's director nominees was registered.
  • 4Class II Directors were elected to serve until the 2006 annual meeting.
  • 5Designated Company Directors for non-U.S. subsidiaries were elected.
  • 6PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2003.
  • 7Shareholder voting demonstrated overwhelming support for all proposed resolutions.

Frequently Asked Questions

The purpose of this 8-K filing is to provide information that was unintentionally left out of Arch Capital Group Ltd.'s (ACGL) Form 10-Q for the quarter ended June 30, 2003, specifically concerning the outcomes of its Annual Shareholder Meeting.

The shareholders elected Class II Directors, elected Designated Company Directors for ACGL's non-U.S. subsidiaries, and ratified the selection of PricewaterhouseCoopers LLP as the independent accountants for the fiscal year ending December 31, 2003.

Shareholder voting showed substantial support for all proposals. The election of Class II Directors, the election of Designated Company Directors, and the ratification of the independent accountants all received a significant majority of 'For' votes.

No, the filing states that there was no solicitation in opposition to management's nominees, and the voting results indicate strong shareholder endorsement of the proposed actions.