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AI brief of an SEC Form 8-K · Employers Holdings (EIG)

Employers Holdings names Michael Pedraja CFO, succeeding Michael Paquette in March 2025

Neutral Impact 4 of 5 leadership Written later

Employers Holdings said Michael A. Pedraja will join as Executive Vice President and Chief Financial Officer (Designate) on or about February 3, 2025, and take over as CFO on or about March 31, 2025, succeeding Michael S. Paquette, who will retire in March 2025. The filing describes Mr. Pedraja's offer, including a $535,000 base salary and a $525,000 sign-on bonus, which shareholders can review in the disclosed offer letter.

Key points

  • Michael A. Pedraja, age 56, becomes CFO (Designate) on or about February 3, 2025 and CFO on or about March 31, 2025
  • Mr. Pedraja's offer includes a $535,000 base salary, a 70% annual bonus target for 2025, and a $600,000 long-term incentive target
  • Sign-on bonus of $525,000, plus a PSU award with a $1,200,000 target grant value to offset equity forfeited at his former employer
  • Mr. Pedraja was Group CFO of Ariel Re Services from May 2021 and previously Treasurer of The Allstate Corporation

The filing

CompanyEmployers Holdings (EIG)
Form8-K, current report
Filed with the SECOct 9, 2024, 4:17 PM ET
Accession number0001379041-24-000157

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 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 October 09, 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.