Summary
Marsh & McLennan Companies, Inc. (MRSH) has filed an 8-K report to announce an upcoming blackout period affecting its 401(k) Savings and Investment Plan. This temporary suspension of trading is necessary due to a transition of the plan's recordkeeping services from its current administrator to Alight Solutions LLC. The blackout period is scheduled to commence on July 26, 2024, at 4:00 p.m. Eastern Time and is expected to conclude by the week of August 12, 2024. During this period, the company's directors and executive officers will be prohibited from making any transactions in Marsh McLennan common stock, whether held directly or indirectly within the 401(k) plan or through derivative securities. While this primarily impacts insiders, investors should note that such transitions are standard in corporate benefit plan administration. The company has provided contact information for further inquiries regarding the blackout period.
Key Highlights
- 1Marsh McLennan is implementing a temporary blackout period for its 401(k) Savings and Investment Plan, effective July 26, 2024, through the week of August 12, 2024.
- 2The blackout is a result of transferring the 401(k) plan's recordkeeping services to a new administrator, Alight Solutions LLC.
- 3During the blackout period, company directors and executive officers are restricted from trading Marsh McLennan common stock, including holdings within the 401(k) plan.
- 4This restriction applies to both direct and indirect transactions in company stock and any derivative securities.
- 5The company has provided contact details for inquiries regarding the blackout period, including Deputy General Counsel Connor Kuratek.
- 6The notice of the blackout period has been filed with the SEC and provided to relevant parties as required by Sarbanes-Oxley Act regulations.