EVEREST GROUP, LTD. — Board/Management Information 2013

Jun 24, 2013

8-K 1 chairmanshipagree8k.htm chairmanshipagree8k.htm Licensed to: everest Document Created using EDGARizer 2020 5.4.4.0 Copyright 1995 - 2013 Thomson Reuters. All rights reserved.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

June 19, 2013

Everest Re Group, Ltd.

(Exact name of registrant as specified in its charter)

Bermuda	1-15731	98-0365432
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
Wessex House – 2 nd Floor 45 Reid Street PO Box HM 845 Hamilton HM DX, Bermuda		Not Applicable
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 441-295-0006

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS, ELECTION OF DIRECTORS, APPOINTMENT OF PRINCIPAL OFFICERS

On June 19, 2013, the registrant entered into a Chairmanship Agreement effective January 1, 2014, with Joseph V. Taranto, its Chairman and Chief Executive Officer. A copy of the Chairmanship Agreement is filed herewith as Exhibit 10.1 and incorporated herein by reference. The material terms of the Chairmanship Agreement are as follows:

Term : January 1, 2014 to December 31, 2016, subject to annual election to the Board by the Company’s shareholders.

Annual Compensation:	)	$1,500,000 annual retainer
2	)	Standard annual director fees, including equity compensation pursuant to the Company’s 2009 Non-Employee Director Stock Option and Restricted Stock Plan.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c)
Exhibit No.	Description
10.1	Chairmanship Agreement with Joseph V. Taranto dated June 19, 2013

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EVEREST RE GROUP, LTD.
By:	/S/ CRAIG HOWIE
	Craig Howie
	Executive Vice President and Chief Financial Officer

Dated: June 24, 2013

EXHIBIT INDEX

Exhibit — Number	Description of Document	Page No.
10.1	Chairmanship agreement with
	Joseph V. Taranto dated June 19, 2013	5