Michele Colucci rejoins Global Indemnity (NASDAQ: GBLI) board of directors
Rhea-AI Filing Summary
Global Indemnity Group, LLC expanded its Board of Directors from seven to eight members and appointed Michele Ann Colucci as a Designated Director effective May 18, 2026. She was appointed by the Class B Majority Shareholder under the company’s Third Amended and Restated Limited Liability Company Agreement.
Ms. Colucci’s term runs from May 18, 2026 through December 31, 2026, and she is not subject to election by shareholders. She will participate in the existing non-executive director compensation plan and has no related-party transactions requiring disclosure. A press release dated May 19, 2026 announcing her appointment was furnished as Exhibit 99.1.
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8-K Event Classification
Key Figures
Key Terms
Designated Director financial
Third Amended and Restated Limited Liability Company Agreement regulatory
Regulation S-K regulatory
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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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 13(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. |
New Director Appointment
On May 18, 2026, the Board of Directors (the “Board”) of Global Indemnity Group, LLC (the “Company”) was expanded from seven to eight members and, pursuant to that certain Third Amended and Restated Limited Liability Company Agreement, dated January 16, 2025, as amended, of the Company (as amended, the “Third LLCA”), Michele Ann Colucci was appointed by the Class B Majority Shareholder (as defined below) to the Board to serve as a Designated Director (as defined below) effective immediately.
As previously disclosed, under the Third LLCA, the Class B Majority Shareholder is any person or group that, together with their respective affiliates, holds, beneficially or of record, (i) a majority of the outstanding Class B common shares of the Company and (ii) shares representing in the aggregate, at least twenty-five percent (25%) of the voting power of the Company’s outstanding voting shares. Fox Paine Capital Fund II International, L.P (the “Fox Paine Fund”) and Fox Mercury Investments LP (collectively with certain of its affiliates, the “FM Entities” and, together with the Fox Paine Fund and Fox Paine & Company, LLC, the “Fox Paine Entities”), are the sole Class B Majority Shareholder. Pursuant to Section 5.3 of the Third LLCA, the Class B Majority Shareholder is entitled, but is not obligated, to appoint certain directors of the Board (the “Designated Directors”).
On May 18, 2026, the Class B Majority Shareholder appointed Ms. Colucci to serve as a Designated Director for a term beginning on May 18, 2026 and continuing until December 31, 2026. Ms. Colucci is a party to an agreement with the Class B Majority Shareholder pursuant to which she became a director. Ms. Colucci is not subject to election by the Company’s shareholders. Other than as described herein, there are no arrangements or understandings between Ms. Colucci and any other person pursuant to which Ms. Colucci was selected as a director of the Company. Ms. Colucci’s committee appointments, if any, will be determined at a subsequent date.
Ms. Colucci is not party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K. As a director, Ms. Colucci will be subject to the non-executive director compensation plan as described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 29, 2026. Ms. Colucci will not be party to any other material plan, contract or arrangement or any grant or award under any such plan, contract or arrangement in connection with her appointment.
| Item 7.01 | Regulation FD Disclosure. |
On May 19, 2026, the Company issued a news release with respect to the appointment of Ms. Colucci to the Board, a copy of which is furnished with this Current Report on Form 8-K (Current Report) as Exhibit 99.1 and incorporated into this Item 7.01 by reference. The information in this Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | News Release of Global Indemnity Group, LLC (Furnished solely for purposes of Item 7.01 of this Current Report on Form 8-K). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
| Global Indemnity Group, LLC | ||||||
| Date: May 22, 2026 | By: | /s/ Jo Cheeseman | ||||
| Name: Jo Cheeseman | ||||||
| Title: Vice President & Corporate Secretary | ||||||
Exhibit 99.1
PRESS RELEASE
For release: May 19, 2026
Global Indemnity Group, LLC Announces Appointment of Michele Colucci to the Board of Directors
Wilmington, Delaware (May 19, 2026) – Global Indemnity Group, LLC (NASDAQ:GBLI) (“GBLI”) today announced the appointment of Michele Colucci to its Board of Directors, effective May 18, 2026.
Ms. Colucci is the Founder and Chief Executive Officer of DigitalDx Ventures and is the West Coast Ambassador for the Nobel Laureate Foundation. Saul Fox, Chairman of GBLI, warmly welcomes Ms. Colucci back as a Board member of GBLI, as Ms. Colucci previously served as a GBLI director from 2019 until 2021.
DigitalDx Ventures is a Silicon Valley venture capital firm focused on investments at the intersection of artificial intelligence and science in personalized medicine diagnostics.
“We are delighted to welcome Michele to GBLI’s Board of Directors,” said Mr. Fox. “Michele brings extensive expertise in digitalization, innovation, risk management and technology, along with significant public and private board experience. As the insurance industry continues to evolve, Michele’s perspective on digital transformation and risk management will be a valuable addition to our Board.”
Ms. Colucci commented, “It is an honor to join Global Indemnity Group’s Board of Directors. GBLI has built a robust platform and reputation within the insurance industry, and I look forward to contributing my experience in technology, innovation and strategic transformation to support the company’s continued success.”
About Ms. Colucci
Michele Colucci is the Founder and Chief Executive Officer of DigitalDx Ventures, a Silicon Valley venture capital firm investing in artificial intelligence and personalized medicine diagnostics. She is an experienced public and private company board member with expertise in audit, compensation, nomination/governance and exit/risk committees. Additionally, Ms. Colucci serves on the board of Fox Paine International GP, Ltd., the ultimate controlling party of GBLI. Ms. Colucci earned her Bachelor’s degrees in English and Philosophy and her J.D. from Georgetown University, along with her Master’s degree in Fine Arts from the American Film Institute.
About Global Indemnity Group, LLC and its subsidiaries
Global Indemnity Group, LLC (Nasdaq: GBLI) is a publicly traded holding company with a diversified portfolio of property and casualty insurance-related entities.
Katalyx Holdings LLC includes:
| • | Four agencies focused on sourcing, underwriting, and servicing primary and assumed reinsurance business: Penn-America Insurance Services, LLC; Valyn Re LLC; J.H. Ferguson & Associates, LLC (including Vacant Express); and Collectibles Insurance Services, LLC. |
| • | Three specialized insurance service businesses: Kaleidoscope Insurance Technologies, Inc., a developer of proprietary underwriting and policy systems supporting Katalyx’s agencies and broader digital initiatives; Sayata, an AI-enabled digital marketplace and agency for small commercial insurance; and Liberty Insurance Adjustment Agency, Inc., a provider of claims evaluation, adjustment, and related services. |
Belmont Holdings GX, Inc. consists of five statutory insurance carriers, each rated “A” (Excellent) by AM Best:Penn-America Insurance Company, United National Insurance Company, Penn-Patriot Insurance Company, Diamond State Insurance Company, and Penn-Star Insurance Company.
For more information, visit the Company’s website at www.gbli.com.
Forward-Looking Information
The forward-looking statements in this press release are made pursuant to the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934 and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in such statements. These statements are based on management’s current expectations and information available as of the date of this release.
Factors that could cause actual results to differ include, among others, risks related to the timing and execution of the Company’s strategy, and other operational or strategic risks. Additional details regarding these and other risks and uncertainties can be found in the Company’s filings with the Securities and Exchange Commission. Global Indemnity undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances.
Investor & Media Contact: Scott Eckstein / Patrick Federle
KCSA Strategic Communications
(212) 896-1210
GBLI@kcsa.com