Selective Insurance Group Appoints Wole C. Coaxum to Board

What Happened

• Selective Insurance Group, Inc. (SIGI) filed an 8-K saying its Board increased from 12 to 13 members and appointed Wole C. Coaxum as a non-employee director, effective September 16, 2026. Mr. Coaxum previously served on the Board from 2020 to 2025. His term runs through the Company’s 2027 Annual Meeting of Stockholders or until his successor is elected and qualified. The Company also issued a related press release (Exhibit 99.1).

Key Details

• Board size increased from 12 to 13 members; appointment effective September 16, 2026.
• Mr. Coaxum named to the Board’s Audit Committee and Compensation and Human Capital Committee.
• Compensation: will receive the same pay and benefits as other non-employee directors per the Company’s director compensation program; will not receive an annual equity award for fiscal 2026 (the 2026 awards were already granted); 2026 cash retainer will be prorated through Dec. 31, 2026.
• No arrangements or understandings led to his appointment; no family ties to Company directors/executive officers; no related-party transactions reportable under Item 404(a) of Regulation S‑K.

Why It Matters

• For investors, the appointment strengthens the Board with a returning director and adjusts committee membership (Audit; Compensation & Human Capital), which can affect oversight of financial reporting and executive pay/human capital matters. The change is a governance update rather than an operational or financial event; compensation for 2026 is limited to a prorated cash retainer with no equity grant for this year.