AMERISAFE INC 8-K

What Happened
Amerisafe Inc. announced that on April 15, 2026 its Board appointed Guillermo A. Ramos, age 56, as Executive Vice President and Chief Financial Officer, with an expected start date of May 7, 2026. Mr. Ramos joins from Hiscox US, where he has been Head of Finance Strategy and Senior Vice President since 2018, and previously held senior finance roles at Equifax (2010–2018). The company entered into a three-year employment agreement with Mr. Ramos and issued a press release on April 16, 2026 announcing the appointment.

Key Details

• Appointment effective date: May 7, 2026; Board action dated April 15, 2026; press release dated April 16, 2026.
• Base salary: not less than $500,000 per year.
• Equity award: restricted stock units valued at $1,000,000, granted on his first day of employment under the company’s 2022 Equity and Incentive Compensation Plan.
• Employment term and protections: initial three-year term (auto-extends one year unless notice given 30 days prior); if terminated without cause, Mr. Ramos is entitled to 12 months of cash severance (paid monthly) equal to his then-current annual base salary plus the average annual incentive award for the prior three years, continued health benefits for 12 months, exclusion of long‑term incentive compensation from severance, and a customary non-compete.

Why It Matters
This 8-K reports a senior finance leadership change — the appointment of a new CFO — which is important for investors because the CFO oversees financial reporting, planning and investor communications. The disclosed compensation and equity package (base salary floor, $1M RSU grant, and defined severance) outline the company’s cost and incentive structure for its new finance chief and are relevant for assessing executive compensation and potential future compensation expense.