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EIG > SEC Filings for EIG > Form 8-K on 13-Mar-2014All Recent SEC Filings

Show all filings for EMPLOYERS HOLDINGS, INC.



Change in Directors or Principal Officers

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

The Compensation Committee (the "Committee") of the Board of Directors of Employers Holdings, Inc. (the "Company") continuously reviews the Company's executive compensation program to ensure that it rewards the achievement of specific goals, aligns executives' interests with those of the Company's stockholders by rewarding performance that meets or exceeds the established goals, and ultimately motivates the Company's executives to increase stockholder value without encouraging excessive risk taking. As part of this review, the Committee considers, among other things, input from the Company's major stockholders, the voting policies of various proxy advisory services and trends in the marketplace.
The Company is a party to an employment agreement (the "Employment Agreement") with Douglas D. Dirks, Chief Executive Officer of the Company (the "Executive"). The Employment Agreement, which became effective on May 10, 2012, provides that its initial term would automatically expire on December 31, 2014, unless the Company gave written notice to the Executive, no later than six months prior to the expiration of the Employment Agreement's current term, of an intent to renew the agreement for an additional term of two years.
In this regard, on March 11, 2014, the Committee agreed to have the Executive notified in writing that the Company would be renewing the Employment Agreement for an additional term of two years (expiring on December 31, 2016). The Employment Agreement has previously been filed by the Company with the Securities and Exchange Commission as Exhibit 10.1 to the Company's Current Report on Form 8-K filed by the Company on May 11, 2012, and the material terms of the Employment Agreement are described therein.

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