DEFA14A: ProAssurance Corrects Errors in Definitive Proxy Statement

ProAssurance Corporation issues a supplement to its definitive proxy statement to correct inaccuracies regarding outstanding shares and treasury shares as of the record date.

Summary

• ProAssurance Corporation has released a supplement to its definitive proxy statement filed on April 12, 2024.
• The supplement addresses errors in the original proxy statement related to the number of outstanding shares of common stock and treasury shares.
• As of the close of business on March 25, 2024, the correct number of outstanding shares was 63,178,556, not 63,260,704 as previously reported.
• The correct number of treasury shares that cannot be voted was 12,606,968, not 9,192,209 as previously reported.
• The company urges stockholders to read both the original proxy statement and the supplement in their entirety.

Sentiment

Score: 7

Explanation: The document is a correction of errors, which is a neutral event. The company is taking steps to ensure accurate information is available to shareholders.

Negatives

• The initial proxy statement contained incorrect information regarding the number of outstanding shares and treasury shares.

Stakeholder Impact

• Shareholders are provided with corrected information for informed decision-making during the voting process.

Next Steps

• Stockholders are advised to read the corrected information in conjunction with the original proxy statement before voting.

Key Dates

Keywords

Proxy Statement, ProAssurance, Shares, Treasury Shares, Correction, Annual Meeting