Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 31, 2018, the Board of Directors of Crawford & Company (the “Company”) unanimously elected Michelle Jarrard, age 51, as an independent Director of the Company. Ms. Jarrard is currently a senior advisor to the GRA Venture Fund, a venture capital fund focused on early-stage companies commercializing intellectual property development on university campuses. She served as Global Chief HR and Talent Officer of McKinsey & Company from 2007 until her retirement in January 2016.
Ms. Jarrard has served as a director of Lazard Ltd and Lazard Group since January 2017. Ms. Jarrard also serves on the board of directors of Axion Biosystems, QUEST Renewables and Children’s Healthcare of Atlanta. She is also a trustee of the Georgia Tech Foundation Board.
Ms. Jarrard will serve as a member of the Compensation Committee. As a director, Ms. Jarrard is entitled to receive standard compensation applicable tonon-employee directors of the Company, as has been previously disclosed. Ms. Jarrard’s annual director compensation for 2018, including an initial equity grant upon her appointment, will bepro-rated to reflect her partial term during the 2018 calendar year.
There are no arrangements or understandings between Ms. Jarrard and any other persons pursuant to which Ms. Jarrard was named a director of the Company. There have been no transactions since the beginning of the Company’s last fiscal year, and there are no currently proposed transactions, in which the Company was or is to be a participant and in which Ms. Jarrard or any member of her immediate family had or will have any interest, that are required to be reported under Item 404(a) of RegulationS-K.
The Company issued a press release announcing this election on August 2, 2018. A copy of this press release is attached as Exhibit 99.1 hereto, and is incorporated herein by this reference.
Item 9.01. | Financial Statements and Exhibits. |
| (a) | Exhibits. The following exhibit is filed with this Report: |
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