FALSE000109507300010950732025-01-132025-01-13


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)
January 14, 2025 (January 13, 2025)


Everest 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
Hamilton, Bermuda
HM 19
(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))

Securities registered pursuant to Section 12(b) of the Act:

ClassTrading Symbol(s)Name of Exchange where registered
Common Shares, $0.01 par valueEGNew 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 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on January 8, 2025, Everest Group, Ltd. (“Everest”) disclosed that its Board of Directors (the “Board”) had appointed Jim Williamson as Acting Chief Executive Officer (“Acting CEO”) and as a member of the Board.

In recognition of his new responsibilities, Mr. Williamson will receive an additional stipend of $25,000 per month during his tenure as Acting CEO pursuant to a letter agreement dated January 13, 2025 (the “Letter Agreement”). The Letter Agreement did not change any of the other terms of Mr. Williamson’s compensation.

The above description is qualified in its entirety by reference to the Letter Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.
ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS
(d)
Exhibits
Exhibit No.Description
10.1Letter Agreement, dated January 13, 2025


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 GROUP, LTD.
By:/S/ ROBERT J. FREILING
Robert J. Freiling
Senior Vice President and
Chief Accounting Officer
Dated: January 14, 2025


EXHIBIT INDEX
Exhibit
Number
Description of Document
Page No.
5
104
Cover Page Interactive Data File (embedded
within the Inline XBRL document


everestlogo7102023cropped.jpg
We underwrite
opportunity.
        
Everest Global Services, Inc.
100 Everest Way
Warren, NJ 07059
Tel: (908) 604-3000
Fax: (908) 604-3322
www.everestglobal.com
January 13, 2025
Jim Williamson
Acting Chief Executive Officer
Dear Jim,
I am pleased to advise that in recognition of your new responsibilities as Acting Chief Executive Officer, Everest Group, Ltd., effective immediately, you will receive a monthly stipend of $25,000 (less applicable withholdings). This monthly stipend will be paid to you in the second payroll of each month and will continue to be paid as long as you serve in the role of Acting Chief Executive Officer, Everest Group Ltd.
Other than the above, no other terms of your compensation are changing at this time.
Congratulations, and thank you for your ongoing commitment to Everest.
Sincerely,
/s/ Gail Van Beveren
Gail Van Beveren
EVP and Chief Human Resources Officer
Agreed Upon:
/s/ Jim Williamson
Jim Williamson    Date
Everest Group, Ltd. ("Everest") is a leading global provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda, and other territories. Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world. Everest common stock (NYSE: EG) is a component of the S&P 500 index. Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com. All issuing companies may not do business in all jurisdictions.

v3.24.4
Cover
Jan. 13, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 13, 2025
Entity Registrant Name Everest Group, Ltd.
Entity Incorporation, State or Country Code D0
Entity File Number 1-15731
Entity Tax Identification Number 98-0365432
Entity Address, Address Line One Seon Place – 4th Floor
Entity Address, Address Line Two 141 Front Street
Entity Address, Address Line Three PO Box HM 845
Entity Address, City or Town Hamilton
Entity Address, Country BM
Entity Address, Postal Zip Code HM 19
City Area Code 441
Local Phone Number 295-0006
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Shares, $0.01 par value
Trading Symbol EG
Security Exchange Name NYSE
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001095073
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