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MCY > SEC Filings for MCY > Form 8-K on 10-Feb-2014All Recent SEC Filings

Show all filings for MERCURY GENERAL CORP



Results of Operations and Financial Condition, Change in Directors or Princi

Item 2.02. Results of Operations and Financial Condition

The following information is furnished pursuant to Item 2.02, "Results of Operations and Financial Condition," and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information, including Exhibit 99.1, shall not be incorporated by reference into any filing of Mercury General Corporation (the "Company"), whether made before or after the date hereof, regardless of any general incorporation language in such filing.

On February 10, 2014, the Company issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2013. A copy of the press release is attached hereto as Exhibit 99.1.

Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Appointment of Director

On February 7, 2014, the Board of Directors of the Company (the "Board") appointed James Ellis as a director of the Company and concurrently expanded the size of the Board to 10 directors. Mr. Ellis has not been appointed to any committees of the Board of Directors.

As a member of the Board, Mr. Ellis is eligible to participate in the Company's director compensation program, which is described in more detail below and in the attached Exhibit 10.1. There are no other understandings or arrangements between Mr. Ellis or any other person and the Company or any of its subsidiaries pursuant to which Mr. Ellis was appointed to serve as a director. There are no transactions between Mr. Ellis or any of his immediate family members and the Company or any of its subsidiaries that would be required to be reported under Item 404(a) of Regulation S-K.

Director Stock Compensation Program

On February 7, 2014, the Board also approved an amendment to the Company's director compensation arrangements. The changes to the director compensation arrangements are effective as of January 1, 2014. A tabular presentation comparing the current and prior director compensation arrangements is filed herewith as Exhibit 10.1.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

10.1   Director Compensation Arrangements
99.1   Press Release, dated February 10, 2014, issued by Mercury General
       Corporation, furnished pursuant to Item 2.02 of Form 8-K.

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