Scott Beiser joins Palomar (NASDAQ: PLMR) board as Class I director
Rhea-AI Filing Summary
Palomar Holdings, Inc. announced that its Board appointed Scott Beiser as a Class I director effective May 21, 2026, with a term running to the 2029 annual meeting. He will serve on the Audit, Compensation, and Investment Committees.
Upon appointment, Beiser received an initial grant of 869 restricted stock units in 2026 and will receive an additional equity award with a grant date value of $50,000 in 2027, with each award vesting in full on the first anniversary of its grant date, subject to continued service. At the 2026 annual meeting, stockholders elected Daryl Bradley and Thomas Bradley as Class I directors, approved the advisory resolution on executive compensation, and ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
restricted stock units financial
Audit Committee financial
advisory resolution financial
independent registered public accounting firm financial
variable interest entity financial
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): |
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
||
|
|
|
|
|
|
||||
|
||||
(Address of Principal Executive Offices) |
|
(Zip Code) |
||
Registrant’s Telephone Number, Including Area Code: |
|
(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:
Securities registered pursuant to Section 12(b) of the Act:
|
|
Trading |
|
|
|
|
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 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.
On May 21, 2026, the Board of Directors (the “Board”) of Palomar Holdings, Inc. (the “Company”) appointed Scott Beiser as a Class I director of the Company effective immediately, to serve until the Company’s 2029 Annual Meeting of Stockholders, and until his successor has been duly elected and qualified, or until his earlier death, resignation or removal. Mr. Beiser was appointed to serve on the Audit Committee, Compensation Committee, and Investment Committee of the Board.
There were no arrangements or understandings between Mr. Beiser and any other persons pursuant to which he was elected as a director, and there are no related persons transactions (within the meaning of Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission) between Mr. Beiser and the Company required to be disclosed herein.
Upon appointment, Mr. Beiser was granted an initial equity award, consisting of (i) an award granted in 2026 covering 869 restricted stock units (“RSUs”) and (ii) an additional award with a grant date value of $50,000 to be granted in 2027, in each case subject to Mr. Beiser’s continued service through the applicable grant date. The RSUs will vest in full on the first anniversary of the applicable grant date.
As a non-employee director, Mr. Beiser will receive compensation in the same manner as the Company’s other non-employee directors. The Company previously disclosed the terms of non-employee director compensation in its definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on April 10, 2026.
The Company has entered into an indemnification agreement with Mr. Beiser, consistent with the form of the Company’s indemnity agreement entered into with its other directors and filed as an exhibit to the Company’s Registration Statements on Form S-1 filed with the Securities and Exchange Commission on March 15, 2019.
Item 5.07 Submission of Matters to a Vote of Security Holders.
Palomar Holdings, Inc. (the “Company”) held its 2026 annual meeting of stockholders (the “Annual Meeting”) on May 21, 2026. At the Annual Meeting, the Company’s stockholders voted on three proposals, as described below. Each of the proposals was described in detail in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 10, 2026. The vote totals noted below are final voting results from the Annual Meeting.
Proposal 1
The Company’s stockholders elected the following two Class I Directors to hold office until the 2029 annual meeting of stockholders or until their successors are duly elected and qualified.
Name |
Votes For |
Votes Withheld |
Broker Non-Votes |
|
|
|
|
Daryl Bradley |
22,017,793 |
806,927 |
1,429,109 |
|
|
|
|
Thomas Bradley |
22,315,644 |
509,076 |
1,429,109 |
Proposal 2
The Company’s stockholders approved the advisory resolution to approve the compensation of the Company’s Named Executive Officers.
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
|
|
|
21,123,368 |
1,680,514 |
20,838 |
1,429,109 |
Proposal 3
The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
Votes For |
Votes Against |
Abstentions |
|
|
|
23,696,932 |
108,911 |
447,986 |
Item 7.01 Regulation FD Disclosure.
A copy of the Press Release announcing the appointment of Mr. Beiser is furnished herewith as Exhibit 99.1
Item 9.01 Financial Statements and Exhibits.
(d) |
Exhibits. |
Exhibit |
Description |
99.1 |
Press release, dated May 26, 2026. |
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.
|
|
|
PALOMAR HOLDINGS, INC. |
|
|
|
|
Date: |
May 26, 2026 |
By: |
/s/ T. Christopher Uchida |
|
|
|
T. Christopher Uchida |
|
|
|
Chief Financial Officer |
|
|
|
(Principal Financial and Accounting Officer) |
Ex 99.1
Palomar Holdings, Inc. Appoints Scott Beiser to its Board of Directors
LA JOLLA, CA., May 26, 2026 – Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that Scott Beiser has been appointed to the Company's Board of Directors, effective May 21, 2026.
Mr. Beiser currently serves as Co-Chairman of Houlihan Lokey (NYSE:HLI), a publicly traded global investment bank, after serving as Chief Executive Officer from 2003 to 2024. He joined Houlihan Lokey in 1984 and held several senior leadership positions throughout his tenure, including Chief Operating Officer and Chief Executive Officer. As Chief Executive Officer, Mr. Beiser led the firm's initial public offering in 2015 and oversaw its transformation into a leading independent investment banking firm.
Mr. Beiser brings decades of executive leadership and public company experience, with deep expertise in strategic planning, corporate governance, capital allocation, and driving long-term shareholder value creation. He has served on Houlihan Lokey’s Board of Directors since 1991 and also brings extensive public and private company board experience. Scott holds both a Bachelor of Science and a Master of Science in Finance from the College of Business and Economics at California State University, Northridge.
“We are pleased to welcome Scott to Palomar’s Board of Directors," commented Mac Armstrong, Chairman and Chief Executive Officer of Palomar. "Scott brings a wealth of leadership experience to our Board, along with a strong track record of delivering sustained growth and creating shareholder value at Houlihan Lokey. His accomplishments are both exemplary and aspirational, and I am confident he will play an important role in the continued execution of Palomar 2X.”
Mr. Beiser added, “I am excited to join Palomar's Board and support the Company's continued growth and strategic objectives. I look forward to working with the management team and Board to help drive profitable growth and create long-term value for shareholders.”
About Palomar Holdings, Inc.
Palomar Holdings, Inc. is the holding company of subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar Specialty Reinsurance Company Bermuda Ltd. (“PSRE”), Palomar Insurance Agency, Inc., Palomar Excess and Surplus Insurance Company (“PESIC”), Palomar Underwriters Exchange Organization, Inc. (“PUEO”), First Indemnity of America Insurance Co. (“FIA”), Palomar Crop Insurance Services, Inc. (“PCIS”), and Palomar Casualty and Surety Company (“PCSC”). Palomar’s consolidated results also include Laulima Exchange (“Laulima”), a variable interest entity for which the Company is the primary beneficiary. Palomar is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Property, Casualty, Surety & Credit, and Crop. Palomar’s insurance subsidiaries, PSIC, PSRE, PESIC, and FIA have a financial strength rating of “A” (Excellent) from A.M. Best and PCSC has a financial strength rating of “A-” (Excellent) from A.M. Best.
To learn more, visit PLMR.com
Follow Palomar on LinkedIn: @PLMRInsurance
7979 Ivanhoe Avenue, Suite 500, La Jolla, CA 92037 |
PLMR.com |
Contact
Media Inquiries
Lindsay Conner
1-551-206-6217
lconner@plmr.com
Investor Relations
Jamie Lillis
1-203-428-3223
investors@plmr.com
Source: Palomar Holdings, Inc.
|
Page | 2 |
