Baldwin Insurance Group, Inc. current report, 05 June 2023

SEC Form 8-K Summary

Registrant: BRP Group, Inc. (the request metadata identifies Baldwin Insurance Group, Inc.; the filing itself names BRP Group, Inc.)

Reporting event: The company held its 2023 Annual Meeting of Shareholders on June 5, 2023, with a quorum present. The Form 8-K was signed on June 6, 2023.

Business Context and Reporting Period

This filing reports shareholder voting results under Item 5.07. It does not provide quarterly or annual operating results and does not contain financial statements.

Key Financial and Operating Metrics

The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial performance metrics.

Material Changes and Shareholder Votes

  • Director elections: Class I nominees Lowry Baldwin, Sathish Muthukrishnan, Sunita Parasuraman, and Ellyn Shook were elected to serve until the 2026 annual meeting or until their successors are elected and qualified.
  • Say-on-pay: Shareholders approved, on a non-binding advisory basis, the compensation of the named executive officers. The vote was 94,171,399 for, 635,204 against, 3,917,323 abstentions, and 4,035,688 broker non-votes.
  • Independent auditor: Shareholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2023. The vote was 102,690,598 for, 16,518 against, and 52,498 abstentions.

Guidance, Outlook, Risks, and Unusual Items

The filing provides no management guidance, business outlook, risk updates, contingencies, or unusual financial items. Broker non-votes were reported in the director and say-on-pay proposals.

Important Facts to Verify

  • Confirm the registrant’s corporate name, because the filing identifies the company as BRP Group, Inc., while the request metadata identifies Baldwin Insurance Group, Inc.
  • Review the definitive proxy statement filed April 25, 2023 for the detailed proposals and executive compensation information.
  • Note the level of withheld votes for certain director nominees, particularly Ellyn Shook, who received 22,113,565 withheld votes.
  • Verify that PricewaterhouseCoopers LLP remains the company’s appointed auditor for the fiscal year ending December 31, 2023.