Item 8.01 Other Events Concurrent with the filing of our Proxy Statement dated April 13, 2018, we are disclosing that the ProAssurance Board of Directors has nominated Kedrick D. Adkins Jr., C.P.A. for election to the Board of Directors. If elected, Mr. Adkins will serve a term ending at the annual meeting of stockholders to be held in 2019. Prior to his retirement in December 2017, Mr. Adkins served as the Chief Financial Officer for the Mayo Clinic for four years. He also served as the President of Integrated Services of Trinity Health Care from 2007 to 2014. Prior to his service at Trinity Health Care, Mr. Adkins had a 30-year tenure at Accenture, a global management consulting firm. He holds a B.S. in Industrial and Operations Engineering and an M.B.A. in Finance and Accounting from the University of Michigan. In addition,
Mr. Adkins is a certified public accountant. In the past five years, Mr. Adkins has served on the Advisory Board of Welsh, Carson, Anderson & Stowe, an investment firm specializing in healthcare and technology, and the Board of Directors for Christus Health, the University of Michigan Hospital System, and Medical Memory, a medical technology startup. Mr. Starnes said, “We look forward to adding Kedrick Adkins to our Board. His depth of experience in the healthcare field, coupled with his deep financial knowledge will be a valuable addition to our Board as we develop strategies to move ProAssurance forward as the healthcare delivery system in the United States continues to consolidate and evolve.” Additionally, The Board of Directors has nominated M. James Gorrie, Ziad R. Haydar, M.D., Frank A. Spinosa, D.P.M., and Thomas A. S. Wilson, Jr., M.D. for reelection to the Board of Directors. Their current terms will expire at this year’s annual meeting of shareholders to be held on May 23, 2018 at 9:00AM Central Time at our headquarters in Birmingham, Alabama. |
