Form 8-K - Current report

 

 

 

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): September 5, 2024

 

STEWART INFORMATION SERVICES CORPORATION

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

 

Delaware		001-02658		74-1677330
(STATE OR OTHER JURISDICTION)		(COMMISSION FILE NO.)		(I.R.S. EMPLOYER IDENTIFICATION NO.)

 

1360 Post Oak Blvd, Suite 100, Houston, Texas 77056

(Address Of Principal Executive Offices) (Zip Code)

 

Registrant’s Telephone Number, Including Area Code: [phone]

 

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:

 

¨

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, $1 par value	STC	New York Stock Exchange (NYSE)

 

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 September 5, 2024, Steven Lessack, Group President of Stewart Information Services Corporation (the “Company”), informed the Company of his decision to retire effective December 31, 2024.

 

Item 8.01.              Other Events.

 

On September 6, 2024, the Company issued a press release announcing Mr. Lessack’s planned retirement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The information in this Item 8.01 and Exhibit 99.1 attached hereto are not deemed to be “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, nor shall such information and exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference.

 

Item 9.01.              Financial Statements and Exhibits.

 

(d) EXHIBITS

 

Exhibit No.	Description
99.1	Press release of Stewart Information Services Corporation dated September 6, 2024, announcing retirement of Steven Lessack
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURE

 

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 thereunto duly authorized.

 

	STEWART INFORMATION SERVICES CORPORATION (Registrant)
	By:	/s/ Elizabeth K. Giddens
	Elizabeth K. Giddens, Chief Legal Officer and Corporate Secretary

 

Date: September 6, 2024

 

 

 

Exhibit 99.1 

 

 

 

NEWS RELEASE

 

STEWART INFORMATION SERVICES CORP. P.O. Box 2029 Houston, Texas 77252-2029

CONTACT John Chattaway, Stewart Media Relations [phone]; [e-mail]

 

Stewart Announces Retirement of Group President Steven Lessack

 

HOUSTON (September 6, 2024) – Stewart Information Services Corporation (NYSE-STC) today announced the planned retirement of Steve Lessack, Group President, effective at the end of the year. Lessack joined Stewart in 1995, serving as Group President since 2019.

 

“When I joined Stewart in 2019, I asked Steve to stay on to lead our Direct Operations, National Commercial Services and International Operations,” said Fred Eppinger, Stewart CEO. “Over the past five years I have leaned on Steve’s experience as he has been a steady and reliable cornerstone to our largest revenue generating operations. Under his guidance and leadership, we have brought in top-tier talent to help lead each of these endeavors, strengthening Stewart across these business lines.”

 

In April of 2023, Stewart announced that Ryan Swed had been promoted to the role of Head of U.S. Direct Operations, taking over the company’s largest business operation, and Erin Sheckler had been promoted to the role of Head of National Commercial Services, both reporting up through Lessack.

 

“Ryan and Erin have done a tremendous job leading this past year and a half, especially in this difficult market, and on the international side, Marco Polsinelli will now oversee International Operations while continuing to lead our Canadian Operations,” continued Eppinger. “Steve was the driving force behind opening Stewart’s Canadian Operations in 1997 and responsible for our successful expansion outside of the U.S. We will miss Steve’s leadership and 35-plus years of expertise, but he has put in place a team that is highly regarded in our industry and well-positioned for continued growth and success.”

 

About Stewart
Stewart (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at stewart.com.

 

ST-IR

 

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Cover	Sep. 05, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 05, 2024
Entity File Number	001-02658
Entity Registrant Name	STEWART INFORMATION SERVICES CORP
Entity Central Index Key	0000094344
Entity Tax Identification Number	74-1677330
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1360 Post Oak Blvd, Suite 100
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	625-8100
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	STC
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

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