CRAWFORD & CO 8-K

What Happened
Crawford & Company filed an 8-K reporting that it entered into an Executive Employment Agreement with Michael J. Hoberman on January 14, 2026, in connection with his promotion to CEO – US Operations, effective January 1, 2026. The filing describes Mr. Hoberman’s new compensation package tied to salary, short- and long-term incentives, and a sales-based payment.

Key Details

• Effective date of promotion: January 1, 2026; Employment Agreement executed January 14, 2026.
• Annual base salary: $475,000 (effective January 1, 2026).
• 2026 Short Term Incentive: target bonus equal to 57.5% of base salary.
• 2026 Long Term Incentive: target awards equal to $550,000.
• Sales Incentive: 0.5% of quarterly billed U.S. service fees for the first 24 months of each sale.
• The full employment agreement is filed as Exhibit 10.1 to the 8-K.

Why It Matters
This 8-K documents a senior leadership promotion for Crawford’s U.S. business and specifies concrete compensation terms that can affect executive costs and incentive alignment. Investors should note the pay structure ties material compensation to both company performance (incentive plans) and billed revenue (sales incentive), which may influence U.S. operations' sales focus and near-term compensation expense.