# EDGAR Filing Document

**Accession Number:** 0001849253
**File Stem:** 0001849253-26-000004
**Filing Date:** 2026-2
**Character Count:** 11919
**Document Hash:** ab16c578ee36ea545e3d0f6619f0c53f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001849253-26-000004.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001849253-26-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260210

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Cost Associated with Exit or Disposal Activities

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYAN SPECIALTY HOLDINGS, INC.
- **CENTRAL INDEX KEY:** 0001849253
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40645
- **FILM NUMBER:** 26626192

**BUSINESS ADDRESS:**
- **STREET 1:** 155 NORTH WACKER DRIVE, SUITE 4000
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-784-6001

**MAIL ADDRESS:**
- **STREET 1:** 155 NORTH WACKER DRIVE, SUITE 4000
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYAN SPECIALTY GROUP HOLDINGS, INC.
- **DATE OF NAME CHANGE:** 20210511

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAVERICK SPECIALTY, INC.
- **DATE OF NAME CHANGE:** 20210304

?xml version='1.0' encoding='ASCII'? ryan-20260212

**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): February 10, 2026**

____________________

**RYAN SPECIALTY HOLDINGS, INC.**

**(Exact name of Registrant as Specified in Its Charter)**

____________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40645** | **86-2526344** |
| **(State or Other Jurisdiction**<br>**of Incorporation)**<br>| **(Commission File Number)** | **(IRS Employer**<br>**Identification No.)**<br>|
| **155 North Wacker Drive, Suite 4000** |  |  |
| **Chicago, Illinois** |  | **60606** |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code:** **312** **784-6001**

**(Former Name or Former Address, if Changed Since Last Report)**

____________________

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**<br>**Symbol(s)**<br>| **Name of each exchange on which registered** |
| Class A Common Stock, $0.001 par value | RYAN | The New York Stock Exchange |

---

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 2.02 Results of Operations and Financial Condition.**

On February 12, 2026, Ryan Specialty Holdings, Inc. (the "Company") issued a press release announcing its results of

operations for the fourth quarter ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto

and is incorporated herein by reference.

The information furnished herewith pursuant to Item 2.02 of this Current Report, including Exhibit 99.1, shall not be

deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject

to the liabilities of that section. The information in this current report shall not be incorporated by reference into any

registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly

set forth by specific reference in such filing.

**Item 2.05 Costs Associated with Exit or Disposal Activities.**

On February 10, 2026, the board of directors of the Company (the "Board") approved a three-year restructuring program

(the "Empower Program"), which will commence in the first quarter of 2026. The Empower Program is designed to

streamline the Company's brokerage, binding, and underwriting operations, optimize scale, accelerate data and technology

strategies, and enhance efficiencies across all of the Company's specialties. The Empower Program is expected to generate

approximately $80 million of annual savings in 2029. The Empower Program includes (i) Business Platform Optimization

and (ii) Compensation and Benefits. These actions are expected to be completed by the end of 2028.

The Company currently estimates that the Empower Program will result in cumulative pre-tax charges to its GAAP

financial results of approximately $160 million which are expected to be recorded as exit and disposal activities and are

broken down as follows:

---

| | | |
|:---|:---|:---|
| **Program Activity** | **Charges** | **Charges** |
| &nbsp;&nbsp;&nbsp;&nbsp;Business Platform Optimization  | $115 | million |
| &nbsp;&nbsp;&nbsp;&nbsp;Compensation and Benefits | 45 | million |
| **Total** | **$160** | **million** |

---

The Company currently estimates that approximately 95% of the cumulative pre-tax charges relating to the Empower

Program will result in future cash expenditures.

Empower Program charges will be recognized as the costs are incurred over time in accordance with GAAP. The Company

will treat charges related to the Empower Program as special items impacting comparability of results in its earnings

disclosures.

The amounts and timing of all estimates are subject to change until finalized. The actual amounts and timing may vary

materially based on various factors. See "Cautionary Note Regarding Forward-Looking Statements" below.

**Item 7.01 Regulation FD Disclosure.** 

The Company is announcing today that its Board has approved a share repurchase program that authorizes the Company to

repurchase up to $300 million of its outstanding Class A common stock. Share repurchases may be made from time to time

on the open market, in privately negotiated transactions, using Rule 10b5-1 trading plans, as accelerated share repurchases,

or in any other manner that complies with the applicable securities law. The timing of purchases and number of shares

repurchased under the program will depend upon a variety of factors including the Company's stock price, trading volume,

working capital or other liquidity requirements, and market conditions. The Company is not obligated to purchase any

shares under the program and the program may be suspended or discontinued at any time without notice.

**Item 8.01 Other Events.** 

On February 12, 2026, the Board declared a regular quarterly dividend of $0.13 per share on the outstanding Class A

common stock. The regular quarterly dividend will be payable on March 10, 2026, to stockholders of record as of the close

of business on February 24, 2026.

**Item 9.01 Financial Statements and Exhibits.**

(d)Exhibits.

The following exhibits are furnished herewith:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 99.1 | <u>[Press Release dated February 12, 2026](ryan-20251231xex991.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) |

---

**Cautionary Note Regarding Forward-Looking Statements** 

This report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of

1995 that involve substantial risks and uncertainties. All statements, other than statements of historical fact included in this

report, are forward-looking statements. Forward-looking statements give our current expectations relating to our financial

condition, results of operations, plans, objectives, future performance, and business. You can identify forward-looking

statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such

as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "will," "should," "can have," "likely,"

and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating

or financial performance or other events. For example, all statements we make relating to our estimated costs, expenditures,

financial results, our plans, objectives for future operations, growth, or initiatives, and anticipated benefits relating to the

Empower Program and the amount and timing of delivery of annual benefits are forward-looking statements are forward-

looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to

differ materially from those that we expected, These forward-looking statements are not guarantees of future performance

and involve risks, assumptions and uncertainties, including, but not limited to, those relating to whether the Company will

achieve the associated objectives with its Empower Program, whether the costs and charges associated with restructuring

initiatives will exceed current estimates and forecasts, its ability to realize expected benefits in the amounts and at the times

anticipated, changes in management's assumptions, its ability to achieve anticipated financial results, risks associated with

acquisitions, divestitures, joint ventures and strategic investments, outcomes of legal and regulatory matters, and changes in

legislation or regulations. These and other risks, assumptions and uncertainties are described in Item 1A (Risk Factors) of

the Company's most recent Annual Report on Form 10-K and in other documents that the Company files or furnishes with

the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should

underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such

forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking

statements, which speak only as of the date they are made. Except to the extent required by law, the Company does not

undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the date

of this report, whether as a result of new information, future events, changes in assumptions or otherwise.

**SIGNATURES**

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 hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | **RYAN SPECIALTY HOLDINGS, INC. (Registrant)** |
| Date: | February 12, 2026 | By: | /s/ Janice M. Hamilton |
|  |  |  | Janice M. Hamilton<br>Executive Vice President and Chief Financial Officer<br>|

---