James River Group Holdings, Inc. current report, 24 July 2021

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Business Context and Reporting Period

This Form 8-K Current Report was filed by James River Group Holdings, Ltd. on July 24, 2021. The registrant is incorporated in Bermuda and its common shares trade on the NASDAQ Global Select Market under the symbol JRVR. The report primarily addresses corporate governance changes regarding 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 is a current report regarding a specific event and does not contain financial statements or performance metrics.

Material Changes

The material change disclosed in this filing is the departure of a director:

  • Director Departure: Janet Cowell advised the Company on July 24, 2021, that she does not intend to seek re-election as a Class II director at the 2022 annual general meeting of shareholders.
  • Continued Service: Ms. Cowell will continue to serve as a director until the 2022 annual general meeting.
  • Reason for Departure: The decision is not related to any disagreement between Ms. Cowell and the Company.

Outlook, Risks, and Management Commentary

Management is actively addressing the upcoming vacancy on the Board of Directors:

  • Succession Planning: The Nominating and Corporate Governance Committee is currently identifying and evaluating potential additional Board members.
  • Selection Process: The Committee may receive recommendations from officers, directors, or third-party search firms.
  • Independence Standards: Any potential additional Board members nominated for the 2021 Annual General Meeting will meet the standard for "independent" in accordance with NASDAQ and Institutional Shareholder Services rules.

Key Facts for Investor Verification

  • Janet Cowell will not stand for re-election as a Class II director in 2022.
  • The departure is voluntary and unrelated to any disagreement with the Company.
  • The Board is currently in the process of identifying a replacement nominee.
  • No financial data or operational updates are included in this specific filing.