HHC, Markel, and State Farm
Amount not stated
Investor Rights Agreement giving HHC, Markel and State Farm director nomination, preemptive and voting rights
| Director | Age | On board | Independent | Committees | Other public boards | Pay | Source |
|---|---|---|---|---|---|---|---|
|
McKeel Hagerty
|
Not stated | Not stated | Not stated | None stated | None stated | Not stated |
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Investor Rights Agreement giving HHC, Markel and State Farm director nomination, preemptive and voting rights
Amended and Restated Registration Rights Agreement providing shelf and demand and piggyback registration rights
Tax Receivable Agreement payment made to HHC
Amended and Restated Exchange Agreement allowing exchange of Class V Common Stock and Hagerty Group Units
Purchase of 8,483,561 shares of Preferred Stock under Securities Purchase Agreement
Preferred Stock dividend paid
Preferred Stock dividend paid
Registration Rights Agreement covering Preferred Stock and underlying Class A Common Stock
Interest paid on $25.0 million unsecured term loan from State Farm to Hagerty Re
Pro-rata tax distribution under LLC Agreement
Pro-rata tax distribution under LLC Agreement
Commission revenue earned under master alliance agreement for State Farm Classic+ policies
Quota share reinsurance agreement; premium ceded under agreement
Commission revenue earned under legacy personal lines agency agreement with Essentia
Executives used jointly owned aircraft; company paid aircraft manager for use
Board advisory services provided by Mr. Becker through board advisor agreement with BDO USA LLP
Risk and resilience consulting services provided by other BDO USA LLP professionals
Purchased and sold vehicles through Hagerty Marketplace at auction or in private transactions
The proxy also says directors, officers or their families deal with the company in the ordinary course of business, on the same terms as others. Those are not conflicts and are not listed. Read it in the proxy
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