ProAssurance Announces Results from 2020 Annual Meeting of Shareholders
May 20 2020 - 4:15PM
Business Wire
Shareholders of ProAssurance Corporation (NYSE:PRA), acting at
today's Annual Meeting of Shareholders, cast approximately 98% of
their votes to re-elect Samuel A. Di Piazza, Jr., C.P.A., Edward L.
Rand, Jr., and Katisha Vance, M.D., to our Board, with each
receiving over 98% of the votes cast by shareholders. They will
serve a three-year term ending at the Annual Meeting of
Shareholders in 2023. Shareholders also voted approximately 95% of
their shares to re-elect Robert E. Flowers, M.D., to our Board, to
serve a one-year term ending at the Annual Meeting of Shareholders
in 2021, at which time he will retire.
Acting on matters related to compensation, our shareholders cast
approximately 87% of their votes to approve, on an advisory basis,
the compensation of our named executive officers for 2019. The
selection of Ernst & Young, LLP as our independent auditing
firm for the fiscal year ending December 31, 2020 was approved by
more than 97% of the votes cast by shareholders.
About ProAssurance ProAssurance Corporation is an
industry-leading specialty insurer with extensive expertise in
healthcare professional liability, products liability for medical
technology and life sciences, legal professional liability, and
workers’ compensation insurance. The Company is recognized as one
of the top performing insurance companies in America by virtue of
our inclusion in the Ward’s 50 for thirteen straight years.
ProAssurance Group is rated “A” (Excellent) by AM Best;
ProAssurance and its operating subsidiaries are rated “A” (Strong)
by Fitch Ratings. For the latest on ProAssurance and its
industry-leading suite of products and services, cutting-edge risk
management and practice enhancement programs, follow @ProAssurance
on Twitter or LinkedIn. ProAssurance’s YouTube channel regularly
presents thought-provoking, insightful videos that communicate
effective practice management, patient safety and risk management
strategies.
Caution Regarding Forward-Looking Statements Statements
in this news release that are not historical fact or that convey
our view of future business, events or trends are specifically
identified as forward-looking statements. Forward-looking
statements are based upon our estimates and anticipation of future
events and highlight certain risks and uncertainties that could
cause actual results to vary materially from our expected results.
We expressly claim the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, for any
forward-looking statements in this news release. Forward-looking
statements represent our outlook only as of the date of this news
release. Except as required by law or regulation, we do not
undertake and specifically decline any obligation to publicly
release the result of any revisions that may be made to any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
There are a number of risk factors that may cause outcomes that
differ from our expectations or projections. These are described in
detail in various documents filed by ProAssurance Corporation with
the Securities and Exchange Commission, such as current reports on
Form 8-K, and regular reports on Forms 10-Q and 10-K, particularly
in “Item 1A, Risk Factors.”
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Ken McEwen Manager, Investor Relations 800-282-6242 •
205-439-7903 • KenMcEwen@ProAssurance.com
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