UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On April 1, 2024, Verisk Analytics, Inc. (the “Company”) announced the appointment of Gregory Hendrick to its Board of Directors effective immediately. As a result of the addition of Mr. Hendrick, the size of the Company’s Board of Directors will increase from ten to eleven members. Mr. Hendrick will stand for election at the 2024 annual shareholders meeting with all of the incumbent directors each to serve for a one-year term until the next annual shareholders meeting.
Mr. Hendrick, age 58, brings over 35 years of extensive insurance and reinsurance leadership and hands-on reinsurance underwriting experience. Since October 2020, Mr. Hendrick has served as CEO of Vantage Group, a Bermuda registered company that provides specialty insurance, reinsurance and insurance-linked securities products. From 2018 to 2020, Mr. Hendrick served as CEO of AXA XL, the P&C and specialty risk division of AXA. Mr. Hendrick was previously with numerous XL Group companies for 25 years serving in various roles, including Chief Executive of Reinsurance, Chief Executive of Insurance, Executive Vice President of Strategic Growth, President and Chief Underwriting Officer for XL Re Ltd. and Vice President of US Property Underwriting for XL Mid Ocean Reinsurance Ltd. He began his career at AIG and later served as a VP in reinsurance underwriting at Winterthur Re.
The Company’s Board of Directors has not yet made a determination on which committees of the Board Mr. Hendrick may serve on. There is no arrangement or understanding between Mr. Hendrick and any other person pursuant to which he was appointed to the Board. Mr. Hendrick is not a party to any related party transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K. As an independent director, Mr. Hendrick will participate in the Company’s existing Director Compensation Plan, the terms of which are described in the Company’s Notice of Annual Meeting of Shareholders and Proxy Statement filed with the U.S. Securities and Exchange Commission on April 7, 2023.
A copy of the press release announcing the appointment of Mr. Hendrick to the Company’s Board of Directors is annexed as Exhibit 99.1. All information in the press release is furnished but not filed.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated April 1, 2024 announcing the appointment of Greg Hendrick to the Board of Directors of Verisk Analytics, Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
| VERISK ANALYTICS, INC. | ||||||
| Date: April 1, 2024 | By: | /s/ Kathy Card Beckles | ||||
| Name: | Kathy Card Beckles | |||||
| Title: | Executive Vice President and Chief Legal Officer | |||||