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AI brief of an SEC Form 8-K · Palomar Holdings (PLMR)

Palomar Holdings CEO Mac Armstrong signs employment agreement extending term to 2029

Neutral Impact 4 of 5 leadership Written later

Palomar Holdings entered into a new executive employment agreement with CEO and Board Chair Mac Armstrong, effective January 1, 2025, extending his employment term through January 1, 2029. The filing sets his base salary, bonus targets, long-term incentive award and severance terms, including enhanced benefits tied to a change in control.

Key points

  • Base salary of $1,250,000 per year, with an annual target bonus of 175% of base salary and a maximum of 350% of base salary.
  • Annual long-term incentive award with a target value of 300% of base salary, subject to Compensation Committee approval.
  • Severance equal to 200% of base salary plus target bonus, paid over 24 months, if terminated without Cause or for Good Reason; certain equity accelerates on a change in control.

The filing

CompanyPalomar Holdings (PLMR)
Form8-K, current report
Filed with the SECDec 30, 2024, 4:02 PM ET
Accession number0001437749-24-038523

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 December 30, 2024.

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