EVEREST GROUP, LTD.

Regulatory Filings • Dec 17, 2021

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM8-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)
December 17, 2021

Everest Re Group, Ltd.

(Exact name of registrant as specified in its charter)
Bermuda1-1573198-0365432

(State or other jurisdiction(Commission(IRS Employer of incorporation)File Number)Identification No.)
Seon Place – 4th Floor 141 Front Street PO Box HM 845 HamiltonHM 19,BermudaNot Applicable

(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code441-295-0006

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))
Securities registered pursuant to Section 12(b) of the Act:
ClassTrading Symbol(s)Name of Exchange where registered

Common Shares, $0.01 par valueRENew York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 12(a) of the Exchange Act.☐

ITEM 5.02DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS, ELECTION OF

DIRECTORS, APPOINTMENT OF PRINCIPAL OFFICERS

Today, the registrant entered into an extension of its Employment Agreement with Mr. Juan C. Andrade to continue as President and Chief Executive Officer of Everest Re Group, Ltd. effective December 17, 2021. A copy of the Employment Agreement is filed herewith as Exhibit 10.1and incorporated herein by reference. The material terms of the extension of the Employment Agreement are as follows:

Term:Effective January 1, 2022 and runs through December 31, 2023. The Term shall automatically be extended for

successive one-year periods unless either party provides written notice of its intent to not extend the Term at least six months prior to expiration of the then current Term.
Annual Salary:$1,250,000 per year Annual Incentive Bonus:Eligible to participate in an executive performance bonus program or plan established by the Board of Directors. The target value of the annual non-equity incentive will be 220% of base salary.
Executive Stock Based Incentive Plan:Eligible to participate in the registrant’s stock-based incentive plan with a target value of 360% of base salary.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

(c)Exhibits

Exhibit No.Description

99.1News Release of the registrant, dated December 17, 2021

10.1Employment Agreement with Juan C. Andrade dated December 17,2021

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/ ROBERT J. FREILING Robert J. Freiling Senior Vice President and Chief Accounting Officer

Dated: December 17, 2021

EXHIBIT INDEX

Exhibit

NumberDescription of DocumentPage No.

99.1News Release of registrant, dated December 17, 20215

10.1Employment Agreement with Juan C. Andrade7 dated December 17,2021

104Cover Page Interactive Data File (embedded within the Inline XBRL document)