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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): July 19, 2022
 
DOMA HOLDINGS, INC.

(Exact name of Registrant, as specified in its charter)
Delaware001-3975484-1956909
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification Number)

101 Mission Street, Suite 740
San Francisco, California 94105
(Address of principal executive offices) (Zip code)

650-419-3827
(Registrant's telephone number, including area code)

Not Applicable
(Former name or 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 (see General Instruction A.2. below): 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock, par value $0.0001 per share DOMA The New York Stock Exchange
Warrants to purchase common stockDOMA.WSThe New York Stock Exchange
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 July 19, 2022, the board of directors of Doma Holdings, Inc. (the “Company”) promoted Mike Smith, age 55, an executive officer of the Company and the Company’s Chief Accounting Officer and Acting Chief Financial Officer, to serve as the Company's full-time Chief Financial Officer. In connection with Mr. Smith’s new full-time role, he will receive an annual base salary of $375,000, effective to July 11, 2022, with a target annual cash incentive opportunity equal to 75% of his annual base salary (subject to performance and the Company’s discretion). Additionally, in connection with this promotion Mr. Smith received a special one-time equity award of 700,000 restricted stock units (“RSUs”) pursuant to the Company’s Omnibus Incentive Plan (the “Plan”). The RSUs are subject to the same terms and conditions applicable to RSUs granted to other senior executives under the Company’s Plan.
Mr. Smith has also entered into an employment agreement with the Company that is substantially similar to the employment agreements entered into by the Company with its other executive officers. A general description of the terms of the employment agreement is included in Part III, Item 11 of the Company’s annual report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 4, 2022 (the “2021 Form 10-K”), under the heading “Company Executive Compensation – Employment Agreements” and such description is incorporated by reference in this Current Report on Form 8-K. The foregoing description of the terms of the employment agreement is qualified in its entirety by reference to the full text of Mr. Smith’s employment agreement, which is filed as Exhibit 10.1 and incorporated by reference in this Current Report on Form 8-K.
Upon his promotion, Mr. Smith is also eligible to participate in the Company’s Executive Severance Plan. A description of the Executive Severance Plan is included in Part III, Item 11 of the 2021 Form 10-K under the heading “Company Executive Compensation – Executive Severance Plan” and such description is incorporated by reference in this Current Report on Form 8-K. The foregoing description of the terms of the Executive Severance Plan is qualified in its entirety by reference to the full text of Company’s Executive Severance Plan, which was filed as Exhibit 10.45 to the Company’s Amendment No. 2 to the Registration Statement Form S-4 (File No. 333-254470) with the SEC on June 15, 2021 and incorporated by reference in this Current Report on Form 8-K.
Information concerning Mr. Smith’s professional experience, education, compensation (other than as provided for herein) and other information required by Item 5.02(c) of Current Report on Form 8-K is disclosed in the Current Reports on Form 8-K filed by the Company with the SEC on August 19, 2021 (the “August 2021 8-K”) and on April 7, 2022 (the "April 2022 8-K") and is hereby incorporated by reference.
Mr. Smith has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K, has no arrangement or understanding between him and any other person required to be disclosed pursuant to Item 401(b) of Regulation S-K and has no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K.
Item 7.01 Regulation FD Disclosure
On July 21, 2022, the Company issued a press release related to the foregoing. The press release is furnished as Exhibit 99.1 and incorporated by reference herein.
The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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Item 9.01          Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit No.
10.1
99.1*
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).

*Furnished herewith


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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.

Date: July 21, 2022

 
   
 By:/s/ Eric Watson
 Name:Eric Watson
 Title:General Counsel & Secretary

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