[8-K] Everest Group, Ltd. Reports Material Event

Rhea-AI Filing Summary

Everest Group announced significant changes to its Board of Directors and committee structure effective June 23, 2025. The Board expanded to 11 members with the election of Allan Levine as a new director. Levine will receive an annual retainer of $125,000 (pro-rated) and restricted shares valued at $325,000.

The filing also confirms that previously elected director Darryl Page received restricted shares worth $325,000 under the 2003 Non-Employee Director Compensation Plan.

The Board underwent a comprehensive committee reorganization, with key appointments including:

• Audit Committee: Meryl Hartzband (Chair) with 5 other members
• Compensation Committee: Gerri Losquadro (Chair) with 4 other members
• Investment Policy Committee: John Graf (Chair) with 3 other members
• Risk Management and Technology & Cyber Committees received new appointments

Insights

Corporate Governance Analyst

Everest Group expands board to 11 members with industry veteran Allan Levine joining multiple key committees.

Everest Group's board expansion with Allan Levine represents a strategic governance enhancement that merits attention. The board has grown to 11 members, indicating the company is strengthening its oversight capabilities. Mr. Levine will receive the standard director compensation package of a $125,000 annual retainer (pro-rated) and restricted shares valued at $325,000, aligning with market practices for insurance industry boards.

The concurrent committee restructuring is particularly noteworthy, as both Levine and recently-elected director Darryl Page have been integrated across multiple critical committees. Levine's appointments to the Compensation, Investment Policy, and Risk Management committees suggest the company is leveraging specific expertise he brings in these domains. Meanwhile, Page has been positioned on the Audit, Risk Management, and Technology & Cyber committees, indicating a strategic deployment of skills.

This governance evolution appears well-structured, maintaining balanced committee compositions while introducing fresh perspectives. The comprehensive committee reorganization, rather than simply adding new directors to existing structures, demonstrates thoughtful governance planning. For a company in the insurance sector, where risk oversight is paramount, these changes reflect appropriate attention to board composition and expertise allocation across critical oversight functions.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

(June 23, 2025)

Everest Group, Ltd.

(Exact name of registrant as specified in its charter)

Bermuda			1-15731			98-0365432
(State or other jurisdiction			(Commission			(IRS Employer
of incorporation)			File Number)			Identification No.)
Seon Place – 4th Floor 141 Front Street PO Box HM 845 Hamilton, Bermuda						HM 19
(Address of principal executive offices)						(Zip Code)

Registrant’s telephone number, including area code 441-295-0006

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Class

Trading Symbol(s)

Name of Exchange where registered

Common Shares, $0.01 par value

EG

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 12(a) of the Exchange Act. ☐

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The Board of Directors (the "Board") of Everest Group, Ltd. (the "Company") voted to expand its size to 11 members and elected Allan Levine to serve on the Board, effective June 23, 2025. Mr. Levine will receive an annual retainer of $125,000 pro-rated based on the date that he joined the Board and a grant of restricted shares with a fair market value of $325,000 pursuant to the 2003 Non-Employee Director Compensation Plan (the "Director Compensation Plan"). A press release announcing Mr. Levine's appointment is attached hereto as Exhibit 99.1.

On a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on May 20, 2025, the Company disclosed that Darryl Page had been elected to the Board. Effective June 23, 2025, Mr. Page received a grant of restricted shares with a fair market value of $325,000 pursuant to the Director Compensation Plan.

Effective as of June 23, 2025, the Board has carried out a reorganization of its Committee structure and appointed Messrs. Levine and Page to Committees. Below are the members of each of the Board's Committees:

Audit Committee:

Compensation Committee:

Nominating & Governance Committee:

Meryl Hartzband (Chair)

Gerri Losquadro (Chair)

John Amore (Chair)

William Galtney, Jr.

John Amore

William Galtney, Jr.

John Howard

John Howard

John Howard

Hazel McNeilage

Allan Levine

Gerri Losquadro

Darryl Page

Roger Singer

Roger Singer

Roger Singer

Investment Policy Committee:

Risk Management Committee:

Technology & Cyber Committee:

John Graf (Chair)

William Galtney, Jr. (Chair)

Hazel McNeilage (Chair)

Meryl Hartzband

John Amore

Meryl Hartzband

Allan Levine

Allan Levine

Darryl Page

Jim Williamson

Gerri Losquadro

Jim Williamson

Hazel McNeilage

Darryl Page

Jim Williamson

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS

(d)			Exhibits
			Exhibit No.						Description
			99.1						News Release of the Company dated June 23, 2025

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.

						EVEREST GROUP, LTD.
			By:			/S/ ROBERT J. FREILING
						Robert J. Freiling
						Senior Vice President and Chief Accounting Officer

Dated: June 23, 2025

EXHIBIT INDEX

Exhibit Number						Description of Document
99.1						News Release of the Company, dated June 23, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document

FAQ

Who was appointed to Everest Group's (EG) Board of Directors in June 2025?

Allan Levine was elected to serve on Everest Group's Board of Directors, effective June 23, 2025, after the Board voted to expand its size to 11 members.

What compensation will Allan Levine receive as a new board member of EG?

Allan Levine will receive an annual retainer of $125,000 (pro-rated based on his start date) and a grant of restricted shares with a fair market value of $325,000 pursuant to the 2003 Non-Employee Director Compensation Plan.

Which committees was Allan Levine appointed to on EG's Board?

Allan Levine was appointed to serve on three committees: the Compensation Committee, Investment Policy Committee, and Risk Management Committee.

How many committees does Everest Group's (EG) Board have as of June 2025?

Everest Group's Board has six committees: Audit Committee, Compensation Committee, Nominating & Governance Committee, Investment Policy Committee, Risk Management Committee, and Technology & Cyber Committee.

What happened to Darryl Page's board position at EG in June 2025?

Darryl Page, who was previously elected to the Board in May 2025, received a grant of restricted shares worth $325,000 on June 23, 2025, and was appointed to serve on the Audit Committee, Technology & Cyber Committee, and Investment Policy Committee.