Business Context and Reporting Period
This Form 8-K Current Report was filed by Brown & Brown, Inc. on August 13, 2025. The filing addresses a corporate governance change involving the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a Board appointment and does not contain financial performance data.
Material Changes
- Board Expansion: The Board of Directors increased its size from 13 to 14 directors effective August 13, 2025.
- New Appointment: Joia M. Johnson, age 65, was appointed as a director effective immediately.
- Term Duration: Ms. Johnson's initial term expires at the Company's 2026 Annual Meeting of Shareholders.
Management Commentary and Risks
Background of New Director: Ms. Johnson retired from Hanesbrands Inc. in 2021, where she served as Chief Administrative Officer and previously as Chief Legal Officer. She currently serves on the boards of Global Payments Inc., Sylvamo Corporation, and Regions Financial Corp.
Committee Assignments: Ms. Johnson was not appointed to any standing committees at the time of filing but is expected to be appointed to one or more in the future.
Compensation and Conflicts: She will receive standard compensation for non-employee directors. The filing states there are no undisclosed arrangements or material interest transactions requiring reporting under Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- Confirmation of the Board size increase to 14 directors.
- Ms. Johnson's future standing committee assignments.
- Verification of the 2026 Annual Meeting date for the expiration of her initial term.