SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
|Date of Report (Date of earliest event reported):||June 23, 2021|
JAMES RIVER GROUP HOLDINGS, LTD.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction of incorporation)||(Commission File Number)||(IRS Employer Identification No.)|
Wellesley House, 2nd Floor, 90 Pitts Bay Road, Pembroke HM08, Bermuda
(Address of principal executive offices)
(Registrant's telephone number, including area code)
(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:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
|Common Shares, par value $0.0002 per share||JRVR||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 (§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. ☐
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 23, 2021, James River Group Holdings, Ltd. (the “Company”) announced that Robert P. Myron, President and Chief Operating Officer of the Company, is retiring effective July 31, 2021 for health reasons related to lingering effects of Lyme Disease. The Company and Mr. Myron expect to enter into a consulting arrangement through December 31, 2021. A copy of the press release announcing Mr. Myron’s retirement is furnished as Exhibit 99.1 to this Form 8-K.
|Item 9.01||Financial Statements and Exhibits.|
The following Exhibit is furnished as a part of this Form 8-K:
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.
|JAMES RIVER GROUP HOLDINGS, LTD.|
|Dated: June 23, 2021|
By: /s/ Sarah C. Doran
| Sarah C. Doran|
| Chief Financial Officer|
JAMES RIVER ANNOUNCES RETIREMENT OF PRESIDENT & COO
Pembroke, Bermuda, June 23, 2021---James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced the retirement of Robert P. (Bob) Myron, President and Chief Operating Officer, after more than 11 years with the organization. Mr. Myron will retire effective July 31, 2021 for health reasons related to lingering effects of Lyme Disease. The Company and Mr. Myron expect to maintain a consulting relationship through December 31, 2021.
Frank D’Orazio, the Company’s Chief Executive Officer, commented, “I’d like to thank Bob for his numerous contributions to the Company. He has led operations at every level of the Company, including as CEO and as a member of the Board of Directors. Throughout his distinguished tenure at James River, Bob has demonstrated outstanding leadership and dedication to the organization, and the foundation he has laid will remain a key factor in our continued success. Bob has been a valuable partner and resource for me and I know I speak for the entire James River Group in wishing him the very best in his retirement.”
Mr. Myron commented, “I’d like to thank the Company and its Board of Directors for supporting me throughout my tenure at James River. The Company is in great hands under Frank’s strong leadership and the capabilities of the senior management team. Going forward, I have every confidence in James River’s ability to flourish in the markets it serves and continue to build long term value.”
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the intent, belief or current expectations of James River and its management team, and may be identified by terms such as believe, expect, seek, may, will, intend, project, anticipate, plan, estimate or similar words. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Important information regarding such risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 26, 2021 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2021 filed with the SEC on May 5, 2021. These forward-looking statements speak only as of the date of this release and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
About James River Group Holdings, Ltd.
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. Each of the Company’s regulated insurance subsidiaries are rated “A-” (Excellent) by A.M. Best Company. Visit James River Group Holdings, Ltd. on the web at www.jrgh.net.
For more information contact:
Sarah C. Doran
Chief Financial Officer