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

 

May 7, 2015

Date of Report (Date of earliest event reported)

 

Arch Capital Group Ltd.

(Exact name of registrant as specified in its charter)

 

Bermuda

 

0-26456

 

N/A

(State or other
jurisdiction of
incorporation or
organization)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:
(441) 278-9250

 

N/A

(Former name or former 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):

 

o                      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

ITEM 5.07                                  Submission of Matters to a Vote of Security Holders.

 

Arch Capital Group Ltd.’s (“ACGL”) annual meeting of shareholders was held on May 7, 2015.  At the meeting, the holders of 112,785,873 common shares, which represents approximately 90 percent of the outstanding shares entitled to vote as of the record date of March 16, 2015, were represented in person or by proxy.  Matters submitted to shareholders at the meeting and the voting results thereof were as follows:

 

Item 1.  The vote on the election of the three Class II directors to hold office until the 2018 annual meeting of shareholders or until their successors are elected and qualified.  The voting results were as follows:

 

NOMINEE

 

FOR

 

AGAINST

 

WITHHELD

 

BROKER NON-
VOTES

 

 

 

 

 

 

 

 

 

 

 

Eric W. Doppstadt

 

103,362,480

 

0

 

2,146,177

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Constantine Iordanou

 

100,672,176

 

4,672

 

4,831,809

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

John M. Pasquesi

 

103,128,461

 

4,672

 

2,375,524

 

7,227,216

 

 

Item 2.  The vote on the election of certain individuals as Designated Company Directors of certain of ACGL’s non-U.S. subsidiaries.  The voting results were as follows:

 

DIRECTOR

 

FOR

 

AGAINST

 

WITHHOLD

 

BROKER NON-
VOTES

 

 

 

 

 

 

 

 

 

 

 

Anthony Asquith

 

105,415,314

 

0

 

93,343

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Edgardo Balois

 

105,415,647

 

0

 

93,010

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Dennis R. Brand

 

105,386,443

 

0

 

122,214

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Ian Britchfield

 

105,415,992

 

0

 

92,665

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Paul Cole

 

105,415,992

 

0

 

92,665

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Graham B.R. Collis

 

100,971,119

 

0

 

4,537,538

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Michael Constantinides

 

105,414,947

 

0

 

93,710

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

William J. Cooney

 

105,410,965

 

0

 

97,692

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Stephen J. Curley

 

105,416,257

 

0

 

92,400

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Nick Denniston

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Michael Feetham

 

105,415,379

 

0

 

93,278

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Stephen Fogarty

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Giuliano Giovannetti

 

105,416,925

 

0

 

91,732

 

7,227,216

 

 

2



 

Marc Grandisson

 

105,384,163

 

0

 

124,494

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Michael Hammer

 

105,417,385

 

0

 

91,272

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Pet Hartman

 

105,394,004

 

0

 

114,653

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

David W. Hipkin

 

105,394,905

 

0

 

113,752

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

W. Preston Hutchings

 

105,411,214

 

0

 

97,443

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Constantine Iordanou

 

105,427,475

 

0

 

81,182

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Wolbert H. Kamphuijs

 

105,415,247

 

0

 

93,410

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Cathy Kelly

 

105,408,628

 

0

 

100,029

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Michael H. Kier

 

105,415,014

 

0

 

93,643

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Jason Kittinger

 

105,415,805

 

0

 

92,852

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Gerald Konig

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Lin Li-Williams

 

105,415,897

 

0

 

92,760

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Mark D. Lyons

 

101,273,014

 

0

 

4,235,643

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Patrick Mailloux

 

105,407,243

 

0

 

101,414

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Robert McDowell

 

105,414,647

 

0

 

94,010

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

David H. McElroy

 

105,407,994

 

0

 

100,663

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Rommel Mercado

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

David J. Mulholland

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Paul Muller

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Mark Nolan

 

105,410,733

 

0

 

97,924

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Marita Oliver

 

105,411,037

 

0

 

97,620

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Nicolas Papadopoulo

 

105,386,252

 

0

 

122,405

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Elisabeth Quinn

 

105,415,762

 

0

 

92,895

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Maamoun Rajeh

 

105,415,557

 

0

 

93,100

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Andrew T. Rippert

 

105,412,156

 

0

 

96,501

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Carla Santamaria-Seña

 

105,416,167

 

0

 

92,490

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Arthur Scace

 

105,415,379

 

0

 

93,278

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Scott Schenker

 

105,402,546

 

0

 

106,111

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Søren Scheuer

 

105,415,797

 

0

 

92,860

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Budhi Singh

 

105,412,553

 

0

 

96,104

 

7,227,216

 

 

3



 

Damian Smith

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

William A. Soares

 

105,412,853

 

0

 

95,804

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Scott Stirling

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Hugh Sturgess

 

105,399,089

 

0

 

109,568

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Richard Sullivan

 

105,416,097

 

0

 

92,560

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Ryan Taylor

 

105,416,197

 

0

 

92,460

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Ross Totten

 

105,415,397

 

0

 

93,260

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Iwan Van Munster

 

105,414,447

 

0

 

94,210

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Angus Watson

 

105,387,962

 

0

 

120,695

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

James R. Weatherstone

 

105,371,889

 

0

 

136,768

 

7,227,216

 

 

 

 

 

 

 

 

 

 

 

Gerald Wolfe

 

105,385,387

 

0

 

123,270

 

7,227,216

 

 

Item 3.  The vote on the proposal to approve the Arch Capital Group Ltd. 2015 Long Term Incentive and Share Award Plan.  The voting results were as follows:

 

FOR

 

AGAINST

 

ABSTAIN

 

BROKER
NON-VOTES

 

 

 

 

 

 

 

 

 

98,491,667

 

6,931,978

 

85,012

 

7,277,216

 

 

Item 4.  The vote on the ratification of the selection of PricewaterhouseCoopers LLP as ACGL’s independent registered public accounting firm for the year ending December 31, 2015.  The voting results were as follows:

 

FOR

 

AGAINST

 

ABSTAIN

 

BROKER NON-
VOTES

 

 

 

 

 

 

 

 

 

112,491,194

 

218,018

 

76,661

 

0

 

 

Item 5.  The vote on a proposal on advisory vote on executive compensation (say-on-pay).  The voting results were as follows:

 

FOR

 

AGAINST

 

ABSTAIN

 

BROKER NON-
VOTES

 

 

 

 

 

 

 

 

 

80,469,164

 

24,943,000

 

96,493

 

7,277,216

 

 

4



 

ITEM 8.01                                  Other Events.

 

Preferred Share Dividends.  On May 7, 2015, the Board of Directors (the “Board”) of ACGL declared dividends with respect to the outstanding 13,000,000 shares of its 6.75% Non-Cumulative Preferred Shares, Series C, $0.01 per share (the “Series C Shares”), with a liquidation preference of $25.00 per share, as outlined below.  All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on June 30, 2015 to holders of record of the Series C Shares, as of June 15, 2015, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the applicable effective date.

 

Series

 

Effective Date
for Declaration

 

Dividend Period

 

Dividend Amount

 

Rate Per Share

 

Series C

 

6/30/15

 

3/31/15-6/29/15

 

$

5,484,375

 

$

0.421875

 

 

5



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned.

 

 

ARCH CAPITAL GROUP LTD.

 

 

 

 

Date: May 8, 2015

By:

/s/ Marc Grandisson

 

 

Name: Marc Grandisson

 

 

Title: Chairman and Chief Executive Officer of Arch Worldwide Reinsurance and Mortgage Groups

 

6