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AI brief of an SEC Form 8-K · Ryan Specialty (RYAN)

Ryan Specialty appoints Michael G. Bungert, former Aon Re Global chairman, to board

Neutral Impact 2 of 5 leadership Written later

Ryan Specialty Holdings elected Michael G. Bungert as a director effective September 3, 2025, and assigned him to the Compensation and Governance Committee. The filing describes him as a reinsurance veteran who retired in 2024 as Chairman of Aon Re Global, and sets out his director pay, which includes $200,000 in restricted stock units and $120,000 in annual cash fees. This is a board addition rather than a change in operations or financial results.

Key points

  • Board elected Michael G. Bungert as a director on September 3, 2025; his initial term runs to the 2026 annual meeting.
  • He joins the Compensation and Governance Committee, receiving no extra cash pay for committee service.
  • Director pay includes RSUs with a grant date fair value of $200,000, prorated for 2025, and $120,000 per year in cash paid quarterly.
  • Mr. Bungert retired in 2024 as Chairman of Aon Re Global after 11 years in that role.

The filing

CompanyRyan Specialty (RYAN)
Form8-K, current report
Filed with the SECSep 9, 2025, 4:09 PM ET
Accession number0001849253-25-000004

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 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 September 09, 2025.

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.