UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of report (Date of earliest event reported): October 30, 2017
EMPLOYERS HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
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NEVADA | 001-33245 | 04-3850065 | ||
(State or Other Jurisdiction of | (Commission | (I.R.S. Employer | ||
Incorporation) | File Number) | Identification No.) | ||
10375 Professional Circle | ||||
Reno, Nevada | 89521 | |||
(Address of Principal Executive Offices) | (Zip Code) | |||
Registrant’s telephone number including area code: (888) 682-6671
No change since last report
(Former Name or Address, if Changed Since Last Report)
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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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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 o
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 13(a) of the Exchange Act. o
Section 5 – Corporate Governance and Management
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Employment Agreement Amendment
(c) On October 30, 2017, Michael S. Paquette (the “Executive”) and the Company entered into Amendment No. 1 to that certain employment agreement between the Executive and the Company, effective January 1, 2017. Specifically, Appendix A: Relocation Benefits was amended, effective January 1, 2018, so that the Executive will be entitled to reimbursement of expenses incurred under that appendix until December 31, 2018, instead of December 31, 2017, as previously provided.
A copy of Amendment No. 1 to Executive’s Employment Agreement is attached as Exhibit 10.1 and is hereby incorporated by reference. All references to this Amendment in this Current Report are qualified, in their entirety, by the full text of such exhibit.
Section 9 – Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
SIGNATURE
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.
EMPLOYERS HOLDINGS, INC. | ||
Dated: | October 31, 2017 | /s/ Lenard T. Ormsby |
Lenard T. Ormsby | ||
Executive Vice President, | ||
Chief Legal Officer and General Counsel | ||
Exhibit 10.1
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (this “Amendment”) by and between Employers Holdings, Inc., a Nevada corporation (the “Company”), and Michael S. Paquette (the “Employee”), is made as of October 30, 2017, and is effective January 1, 2018.
WHEREAS, the Company and the Employee are parties to that certain Employment Agreement effective as of January 1, 2017 (the “Agreement”);
WHEREAS, Appendix A: Relocation Benefit (“Appendix A”) to the Employment Agreement provides that the Employee would be entitled to reimbursement for an expense described therein only if the expense were incurred before December 31, 2017; and
WHEREAS, the parties agree to extend this expiration date until December 31, 2018.
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:
“Appendix A is hereby amended so that the sentence following the eleventh bullet is amended and restated in its entirety to read as follows: “All relocation expenses must be incurred before December 31, 2018.”
Except as modified by this Amendment, the Agreement, including the Appendix, is hereby confirmed in all respects.
IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the date and the year first written above.
COMPANY
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By: Douglas D. Dirks
Title: Chief Executive Officer
EMPLOYEE
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Michael S. Paquette