Hagerty, Inc. — Form 8-K
Filed July 17, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Hagerty established an Executive Severance and Change in Control Plan effective July 15, 2026, covering designated executives. New or amended employment agreements were executed for CEO McKeel Hagerty ($1.2M base + 280% bonus target + $200K equity), CFO Patrick McClymont ($650K base + 100% bonus + 175% equity), and CIO Russell Page ($650K base + 100% bonus + 100% equity). Severance benefits range from 1.5x–2.4x salary for non-CICs, with enhanced protections for CIC terminations including full equity acceleration and up to 24 months salary continuation.
Why this rating
Routine governance: standard exec compensation & severance documentation for $309.9M company. No material deal, restructuring, or financial change disclosed; administrative formalization of existing roles.
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