Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Arch Capital (ACGL)

Arch Capital declares $1.9 billion special dividend and names two new Presidents

Neutral Impact 4 of 5 shareholder Written later

Arch Capital Group declared a special cash dividend of $1.9 billion, or $5.00 per common share, payable December 4, 2024 to holders of record on November 18, 2024. The Board also appointed David Gansberg and Maamoun Rajeh as Presidents of the company, effective immediately, and approved special equity awards for them and CFO Francois Morin.

Key points

  • Special cash dividend of $1.9 billion, or $5.00 per common share, payable December 4, 2024 to holders of record on November 18, 2024.
  • David Gansberg and Maamoun Rajeh appointed Presidents effective immediately; each will have a base salary of $900,000 and a target bonus of 185% of base salary.
  • Outperformance Awards with a grant date value of $21 million each for Gansberg and Rajeh and $3 million for CFO Francois Morin, with a grant date of November 19, 2024.
  • Preferred dividends declared on Series F ($4,496,250) and Series G ($5,687,500), payable December 31, 2024 to holders of record as of December 15, 2024.

The filing

CompanyArch Capital (ACGL)
Form8-K, current report
Filed with the SECNov 8, 2024, 6:55 AM ET
Accession number0000947484-24-000148

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 08, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.