MERCURY GENERAL CORP FILES (8-K) Disclosing Results of Operations and Financial Condition, Change in Directors or Principal Officers, Financial Statements and Exhibits
(Edgar Glimpses Via Acquire Media NewsEdge) Item 2.02. Results of Operations and Financial Condition
The following information is furnished pursuant to Item 2.02, "Results of
Operations and Financial Condition," and shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section. Such information,
including Exhibit 99.1, shall not be incorporated by reference into any filing
of Mercury General Corporation (the "Company"), whether made before or after the
date hereof, regardless of any general incorporation language in such filing.
On February 10, 2014, the Company issued a press release announcing its
financial results for the fourth quarter and fiscal year ended December 31,
2013. A copy of the press release is attached hereto as Exhibit 99.1.
Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Appointment of Director
On February 7, 2014, the Board of Directors of the Company (the "Board")
appointed James Ellis as a director of the Company and concurrently expanded the
size of the Board to 10 directors. Mr. Ellis has not been appointed to any
committees of the Board of Directors.
As a member of the Board, Mr. Ellis is eligible to participate in the Company's
director compensation program, which is described in more detail below and in
the attached Exhibit 10.1. There are no other understandings or arrangements
between Mr. Ellis or any other person and the Company or any of its subsidiaries
pursuant to which Mr. Ellis was appointed to serve as a director. There are no
transactions between Mr. Ellis or any of his immediate family members and the
Company or any of its subsidiaries that would be required to be reported under
Item 404(a) of Regulation S-K.
Director Stock Compensation Program
On February 7, 2014, the Board also approved an amendment to the Company's
director compensation arrangements. The changes to the director compensation
arrangements are effective as of January 1, 2014. A tabular presentation
comparing the current and prior director compensation arrangements is filed
herewith as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits
10.1 Director Compensation Arrangements
99.1 Press Release, dated February 10, 2014, issued by Mercury General
Corporation, furnished pursuant to Item 2.02 of Form 8-K.
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