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Section 1: 8-K (8-K)

 

 

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): May 24, 2019 (May 23, 2019)

 


 

SIRIUS INTERNATIONAL INSURANCE GROUP, LTD.

(Exact name of registrant as specified in charter)

 


 

Bermuda

 

001-38731

 

98-0529995

(State or other jurisdiction of
incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

14 Wesley Street

Hamilton HM 11, Bermuda

(Address of principal executive offices)

 

(441) 278-3140

(Registrant’s telephone number, including area code)

 

N/A

(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:

 

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))

 

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

 

Title of each class

 

Trading symbol(s)

 

Name of each exchange on which registered

 

Common shares, par value $0.01 per share

 

SG

 

Nasdaq Global Select Market

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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

 

 

 


 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

On May 23, 2019, Sirius International Insurance Group, Ltd. (the “Company”) held its 2019 Annual General Meeting of Shareholders.  At the meeting, the Company’s shareholders voted for (1) the election of each of the seven directors named below; (2) the approval, on an advisory basis, of the compensation of the Company’s named executive officers; (3) holding the advisory vote to approve the compensation of the Company’s named executive officers every year; and (4) the (i) appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered certified public accounting firm for the year ending December 31, 2019 and (ii) ratification of the determination of PwC’s remuneration by the Audit & Risk Management Committee of the Board of Directors of the Company.

 

(1) Election of Seven Director Nominees

 

Nominee

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-Votes

 

Kernan (Kip) V. Oberting

 

125,572,063

 

0

 

2

 

441,865

 

Laurence Liao

 

125,570,963

 

0

 

1,102

 

441,865

 

Robert L. Friedman

 

125,571,963

 

0

 

102

 

441,865

 

Meyer (Sandy) Frucher

 

125,571,963

 

0

 

102

 

441,865

 

Alain M. Karaoglan

 

125,571,963

 

0

 

102

 

441,865

 

Rachelle C. Keller

 

125,572,063

 

0

 

2

 

441,865

 

James (Jim) B. Rogers, Jr.

 

124,643,190

 

928,773

 

102

 

441,865

 

 

(2) Approval, on an advisory basis, of the compensation of the Company’s named executive officers

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-Votes

 

125,555,601

 

1

 

16,463

 

441,865

 

 

(3) Approval, on an advisory basis, of the frequency of future advisory votes to approve the compensation of the Company’s named executive officers

 

Votes For 1 Year

 

Votes For 2 Years

 

Votes for 3 Years

 

Abstentions

 

Broker Non-Votes

 

125,034,524

 

1

 

537,539

 

1

 

441,865

 

 

(4) Approval of (i) the appointment of PwC to serve as the Company’s independent registered certified public accounting firm for the year ending December 31, 2019 and (ii) the ratification of the determination of PwC’s remuneration by the Audit & Risk Management Committee

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-Votes

 

126,013,928

 

1

 

1

 

0

 

 

In light of the voting results with respect to proposal 3, the Company’s Board of Directors has determined that the Company will hold future advisory votes of shareholders to approve the compensation of the Company’s named executive officers every year until the next advisory vote of shareholders on the frequency of shareholder votes on executive compensation, or until the Company’s Board of Directors otherwise determines a different frequency for such advisory votes.

 

2


 

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.

 

 

Sirius International Insurance Group, Ltd.

 

 

 

Date: May 24, 2019

By:

/s/ GENE BOXER

 

Name:

Gene Boxer

 

Title:

EVP, Chief Strategy Officer and Group
General Counsel

 

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