8-KThe WireRoutine
Shareholder Vote
Filed May 5, 2023 · 3y ago · Accession 0000230557-23-000014
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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
Date of Report (Date of earliest event reported) May 3, 2023
SELECTIVE INSURANCE GROUP, INC.
(Exact name of registrant as specified in its charter)
New Jersey 001-33067 22-2168890
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
40 Wantage Avenue , Branchville , New Jersey 07890
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code ( 973 ) 948-3000
Not Applicable
(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:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ 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:
Title of each class Trading Symbol (s) Name of each exchange on which registered
Common Stock, par value $2 per share SIGI The Nasdaq Stock Market LLC
Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B, without par value SIGIP The Nasdaq Stock Market LLC
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.
☐
Section 5 – Corporate Governance and Management
Item 5.07. Submission of Matters to a Vote of Security Holders.
Selective Insurance Group, Inc. (the “Company”) held its Annual Meeting of Stockholders on May 3, 2023. Set forth below are the final voting results for each of the matters submitted to a vote of the stockholders. For more information about the proposals set forth below, please see the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on March 29, 2023 (the “Proxy Statement”).
1. The Company’s stockholders elected each of the thirteen director nominees to serve on the Board of Directors for a term of one year, as follows:
Director For Against Abstain Broker Non-Votes
Ainar D. Aijala, Jr. 50,993,905 248,644 64,497 3,656,829
Lisa Rojas Bacus 50,417,484 826,303 63,259 3,656,829
Terrence W. Cavanaugh 51,013,195 230,680 63,171 3,656,829
Wole C. Coaxum 50,443,328 800,459 63,259 3,656,829
Robert Kelly Doherty 50,903,724 340,041 63,281 3,656,829
John J. Marchioni 50,144,459 1,099,417 63,170 3,656,829
Thomas A. McCarthy 50,897,295 346,581 63,170 3,656,829
Stephen C. Mills 51,010,548 233,327 63,171 3,656,829
H. Elizabeth Mitchell 50,109,726 1,134,148 63,172 3,656,829
Cynthia S. Nicholson 43,867,290 7,375,152 64,604 3,656,829
John S. Scheid 50,902,435 341,430 63,181 3,656,829
J. Brian Thebault 48,717,550 2,526,323 63,173 3,656,829
Philip H. Urban 50,427,336 816,046 63,664 3,656,829
2. The Company’s stockholders voted to approve, on an advisory, non-binding basis, the 2022 compensation of the named executive officers as disclosed in the Proxy Statement, as follows:
For Against Abstain Broker Non-Votes
50,549,392 580,784 176,870 3,656,829
3. Stockholders voted, on an advisory basis, for future advisory votes on the compensation of our named executive officers to be held every year, as follows:
One Year Two Years Three Years Abstain Broker Non-Votes
49,624,165 140,349 1,435,484 107,048 3,656,829
4. The Company’s stockholders voted to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, as follows:
For Against Abstain Broker Non-Votes
53,926,766 950,515 86,594 0
As reported above, the Company’s stockholders expressed a preference of “One Year” for the frequency with which advisory votes on named executive officer compensation should be held. The Company’s Board of Directors (the “Board”) considered the outcome of this advisory vote and, in accordance with its recommendation set forth in the Proxy Statement and consistent with the stated preference of the majority of the Company’s stockholders, the Board has determined that future advisory stockholder votes on executive compensation will be conducted on an annual basis, until the next advisory vote on frequency is held. The next advisory vote regarding the frequency of say-on-pay votes is required to occur no later than the Company’s 2029 Annual Meeting of Stockholders.
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 hereunto duly authorized.
SELECTIVE INSURANCE GROUP, INC.
Date: May 5, 2023 By: /s/ Michael H. Lanza
Michael H. Lanza
Executive Vice President and General Counsel
Filing details
- Ticker
- SIGIP
- CIK
- 230557
- Form type
- 8-K
- Filing date
- May 5, 2023
- Report date
- May 3, 2023
- Document
- sigi-20230503.htm
- Size
- 252 KB