8-KLeadership ChangesExhibits & Filings

ARCH CAPITAL GROUP LTD. 8-K Report, Executive Changes (Aug 16, 2021)

Filed August 16, 2021For Securities:ACGLACGLNACGLO

Summary

Arch Capital Group Ltd. (ACGL) announced on August 16, 2021, the appointment of two new members to its Board of Directors, Francis Ebong and Eileen Mallesch. This move increases the size of the Board from 11 to 13 members, effective immediately. Both new directors will receive standard compensation for non-employee directors, comprising cash and equity awards, consistent with existing board compensation practices. The filing indicates no undisclosed arrangements or transactions between the new directors and ACGL, nor any pre-existing material relationships that would require further disclosure under Regulation S-K. The appointments are designed to bolster the Board's expertise and oversight as the company continues its operations. Investors should note that further details on director compensation can be found in ACGL's 2021 Proxy Statement.

Key Highlights

  • 1Appointment of two new directors, Francis Ebong and Eileen Mallesch, effective August 16, 2021.
  • 2Board size increased from 11 to 13 members to accommodate the new appointments.
  • 3Both new directors will receive standard compensation for non-employee directors (cash and equity).
  • 4No material transactions or arrangements requiring disclosure under Item 404(a) of Regulation S-K exist between the new directors and ACGL.
  • 5The new directors have been assigned to Class I of the Board.
  • 6The filing incorporates by reference the director compensation details from the company's 2021 Proxy Statement.

Frequently Asked Questions

Francis Ebong and Eileen Mallesch have been appointed as new directors to Arch Capital Group's Board of Directors.

The appointment of these two new directors increases the size of the Board from 11 to 13 members.

No, Francis Ebong and Eileen Mallesch will receive the standard compensation package for non-employee directors, which includes cash and equity awards, consistent with other board members.

The filing explicitly states that there are no arrangements, understandings, or proposed transactions between the new directors and ACGL that require disclosure under Item 404(a) of Regulation S-K, nor are they parties to any other material undisclosed arrangements.