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Section 1: 8-K (CURRENT REPORT ON FORM 8K DISCLOSING A NEW CHIEF FINANCIAL OFFICER)

Document

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): July 25, 2018
394355587_a8k82518cfoannounceme_image2.jpg
ProAssurance Corporation
(Exact name of registrant as specified in its charter)

Delaware
001-16533
63-1261433
(State of Incorporation)
(Commission File No.)
(IRS Employer I.D. No.)

100 Brookwood Place, Birmingham, Alabama
35209
(Address of Principal Executive Office )
(Zip code)
Registrant’s telephone number, including area code: (205) 877-4400
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:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange Act
(17CFR 240.13e-(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 13(a) of the Exchange Act. ¨

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) Dana S. Hendricks will be promoted to the position of Chief Financial Officer effective September 1, 2018. Ms. Hendricks is currently the Senior Vice President of Business Operations for the Podiatry Insurance Company of America (PICA), a ProAssurance subsidiary. Edward L. “Ned” Rand, Jr., who is our current Chief Financial Officer, was promoted to Chief Operating Officer in January 2018 and has been filling both roles.
Item 7.01 Regulation FD Disclosure
In this current report on Form 8K we are announcing that Dana S. Hendricks will be promoted to the position of Chief Financial Officer effective September 1, 2018. Ms. Hendricks is currently the Senior Vice President of Business Operations for the Podiatry Insurance Company of America (PICA), a ProAssurance subsidiary.
Item 9.01 Financial Statements and Exhibits
We are furnishing Exhibit 99.1 to this Current Report on Form 8-K in accordance with Item 7.01, Regulation FD Disclosure. These exhibits shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
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.
Date: July 25, 2018
PROASSURANCE CORPORATION
by:  /s/ Frank B. O’Neil   
               Frank B. O’Neil
Senior Vice-President
 


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Section 2: EX-99.1 (NEWS RELEASE ANNOUNCING THE PROMOTION OF DANA S. HENDRICKS TO CFO)

Exhibit
NEWS RELEASE    394355587_hendrickscfoannouncem_image1.jpg
For More Information:
Frank B. O’Neil, IRC
Sr. Vice President, Corporate Communications & Investor Relations
800-282-6242 • 205-877-4461 • FrankONeil@ProAssurance.com

ProAssurance Promotes Dana S. Hendricks to
Chief Financial Officer
BIRMINGHAM, AL, July 25, 2018 /PRNewswire/ ProAssurance Corporation (NYSE:PRA) announced today that Dana S. Hendricks will assume the role of Chief Financial Officer for the company effective September 1, 2018. Ms. Hendricks is currently the Senior Vice President of Business Operations for the Podiatry Insurance Company of America (PICA), a ProAssurance subsidiary.
Ms. Hendricks joined PICA in 2001 and has served in a number of executive-level positions; prior to being promoted to her current position, she was the Vice President of Finance and Corporate Controller for PICA. Prior to her tenure at PICA, she held various finance and data analysis positions with American General Life & Accident Insurance Company and held finance and accounting positions in both public and non-public companies.
“Dana brings a wealth of experience to her new role at ProAssurance, and her track record of success within our organization reflects her business and financial acumen as well as her dedication to the core values that drive our employees to deliver on our promise of Treated Fairly,” said Stan Starnes, the Chairman and Chief Executive Officer of ProAssurance.
Ned Rand, currently ProAssurance’s Chief Operating Officer and Chief Financial Officer, emphasized Ms. Hendricks’ proven leadership skills, saying, “Dana has a deep understanding of our strategic vision for ProAssurance, and she has been a key member of a strong executive team that has developed innovative programs and transformative business practices that have ensured that PICA remains the first choice for medical professional liability insurance in the podiatric community.”
About ProAssurance
ProAssurance Corporation is an industry-leading specialty insurer with extensive expertise in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers’ compensation insurance. The company is recognized as one of the top performing insurance companies in America by virtue of our inclusion in the Ward’s 50 for the past twelve years. ProAssurance Group is rated “A+” (Superior) by A.M. Best; ProAssurance and its operating subsidiaries are rated “A” (Strong) by Fitch Ratings.
For the latest on ProAssurance and its industry leading suite of products and services, cutting edge risk management and practice enhancement programs, follow @ProAssurance on Twitter or LinkedIn. ProAssurance’s YouTube channel regularly presents thought provoking, insightful videos that communicate effective practice management, patient safety and risk management strategies.

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