Hagerty, Inc. Form 8-K Summary
Business Context and Reporting Period
Hagerty, Inc. filed this Current Report on Form 8-K dated February 26, 2024, with the report signed on March 1, 2024. The filing concerns a change in the composition of the company’s Board of Directors and does not report quarterly or annual financial results.
Financial and Operating Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other financial performance metrics.
Material Change Versus Prior Period
- Michael Angelina notified Hagerty on February 26, 2024, that he will retire from the company’s Board of Directors effective April 2, 2024.
- Mr. Angelina will also retire from the Board’s Nominating and Governance Committee and Talent, Culture, and Compensation Committee.
- The filing states that the retirement is not due to any disagreement with the company.
- Mr. Angelina will continue serving on the board of directors of Hagerty Reinsurance Limited, Hagerty’s wholly owned captive reinsurance subsidiary.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no management guidance, outlook, risk disclosures, contingencies, compensation arrangements, or unusual financial items. The principal disclosed event is the planned Board retirement and related committee departures.
Key Facts for Investors to Verify
- Confirm the effective date of Mr. Angelina’s Board and committee retirements: April 2, 2024.
- Verify that he remains a director of Hagerty Reinsurance Limited.
- Review subsequent filings for any replacement director, committee reassignments, or changes to Board composition.
- Consult the company’s financial filings separately for financial performance, liquidity, debt, and outlook information, which are not included here.