New CFO Guillermo Ramos joins AMERISAFE (NASDAQ: AMSF) with $1M RSU grant
Rhea-AI Filing Summary
AMERISAFE, Inc. appointed Guillermo A. Ramos as Executive Vice President and Chief Financial Officer, effective May 7, 2026. He joins from Hiscox US, where he served as Head of Finance Strategy and Senior Vice President, and previously held senior finance roles at Equifax.
Ramos entered a three-year employment agreement with automatic one-year renewals, a base salary of at least $500,000, eligibility for incentive plans, and customary severance if terminated without cause, including 12 months of salary and average bonus. He will also receive restricted stock units valued at $1,000,000 under AMERISAFE’s 2022 Equity and Incentive Compensation Plan.
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8-K Event Classification
Key Figures
Key Terms
restricted stock units financial
non-compete provision financial
severance compensation financial
Equity and Incentive Compensation Plan financial
workers’ compensation insurance financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 15, 2026, the Board of Directors (the “Board”) of AMERISAFE, Inc. (the “Company”) appointed Guillermo A. Ramos, age 56, as Executive Vice President and Chief Financial Officer of the Company, effective May 7, 2026.
Since 2018, Mr. Ramos has served as Head of Finance Strategy and Senior Vice President for Hiscox US. From 2016 through 2018, Mr. Ramos served as Vice President, Global Consumer Solutions of Equifax, and from 2010 through 2016, Mr. Ramos was Senior Financial Officer of FP&A International at Equifax.
In connection with his appointment as an executive officer of the Company, the Company entered into an employment agreement with Mr. Ramos (the “Employment Agreement”). The Employment Agreement is substantially similar to the employment agreements between the Company and each of the Company’s other executive officers.
The Employment Agreement has an initial term of three years. The term automatically extends for an additional one-year term, unless either party provides notice not to extend the term at least 30 days prior to expiration of the initial three-year term. The Employment Agreement provides for an annual base salary of not less than $500,000. Mr. Ramos is also eligible to participate in the Company’s incentive plans and receive similar benefits provided to the Company’s other executive officers.
Under the Employment Agreement, if the Company terminates Mr. Ramos’s employment without cause, he will be entitled to receive cash severance compensation paid in monthly installments and continued health benefits, for a period of 12 months from the date of his termination. The cash severance payment is an amount equal to his then current annual base salary plus the average annual incentive award received in the prior three years. The severance benefits exclude any long-term incentive-based compensation. The Employment Agreement also contains a customary non-compete provision.
In connection with his employment, Mr. Ramos will receive an award of restricted stock units with a value of $1,000,000 (the “Equity Award”) pursuant to the terms of the Company’s form of 2022 Equity and Incentive Compensation Plan Restricted Share Units Award Agreement (“RSU Agreement”). The grant date of the Equity Award will be Mr. Ramos’s first day of employment with the Company. Mr. Ramos is expected to start on May 7, 2026. The Equity Award will be made under the Company’s 2022 Equity and Incentive Compensation Plan.
The foregoing descriptions of the Employment Agreement and the RSU Agreement are not complete and each is qualified in its entirety by reference to the full text of these agreements, copies of which are attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively, and are incorporated herein by reference.
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| Item 7.01. | Regulation FD Disclosure. |
On April 16, 2026, the Company issued a press release (the “Press Release”) announcing Mr. Ramos’s appointment. A copy of the Press Release is furnished as Exhibit 99.1 to this current report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 10.1 | Employment Agreement, effective as of May 7, 2026, between the Company and Guillermo A. Ramos. | |
| 10.2 | Form of 2022 Equity and Incentive Compensation Plan Restricted Share Units Award Agreement (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on August 25, 2022) | |
| 99.1 | Press release, dated April 16, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMERISAFE, INC. | ||||||
| By: | /s/ Kathryn H. Shirley | |||||
| Kathryn H. Shirley, Executive Vice | ||||||
| President, Chief Administrative Officer and Secretary | ||||||
| Date: April 16, 2026 | ||||||
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Exhibit 99.1
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G. Janelle Frost, President and CEO AMERISAFE 337.463.9052 |
AMERISAFE APPOINTS NEW CHIEF FINANCIAL OFFICER
DeRidder, LA – April 16, 2026 – AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced that Guillermo A. Ramos will become the Company’s Executive Vice President and Chief Financial Officer effective May 7, 2026.
Mr. Ramos is currently the Head of Finance Strategy and formerly Senior Vice President for Hiscox US. Previously, he served as Vice President, Global Consumer Solutions for Equifax and as the Senior Financial Officer, FP&A International.
Janelle Frost, AMERISAFE’s Chief Executive Officer, commented: “We are excited to welcome Guillermo to the AMERISAFE leadership team. He brings not only strong financial and strategic expertise, but also a collaborative leadership style that fits our culture. Guillermo’s experience guiding organizations through growth and change positions him well to support AMERISAFE’s continued success.”
About AMERISAFE
AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, services, manufacturing and maritime. AMERISAFE actively markets workers’ compensation insurance in 27 states.