# EDGAR Filing Document

**Accession Number:** 0001620459
**File Stem:** 0001620459-25-000123
**Filing Date:** 2025-10
**Character Count:** 13098
**Document Hash:** c7fc51006b727856c65d4a10d00307d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001620459-25-000123.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0001620459-25-000123

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251023

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** James River Group Holdings, Ltd.
- **CENTRAL INDEX KEY:** 0001620459
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 980585280
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36777
- **FILM NUMBER:** 251416199

**BUSINESS ADDRESS:**
- **STREET 1:** CLARENDON HOUSE, 2 CHURCH STREET
- **STREET 2:** HAMILTON
- **CITY:** PEMBROKE
- **STATE:** D0
- **ZIP:** HM 11
- **BUSINESS PHONE:** 1-441-295-1422

**MAIL ADDRESS:**
- **STREET 1:** CLARENDON HOUSE, 2 CHURCH STREET
- **STREET 2:** HAMILTON
- **CITY:** PEMBROKE
- **STATE:** D0
- **ZIP:** HM 11

?xml version='1.0' encoding='ASCII'? jrvr-20251023

**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): <u>October 23, 2025</u>

JAMES RIVER GROUP HOLDINGS, LTD. <br> (Exact name of registrant as specified in its charter)

Bermuda 001-36777 98-0585280 <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

**Clarendon House, 2 Church Street, Hamilton, Pembroke HM11, Bermuda**

**(Address of principal executive offices)**

**(Zip Code)**

**(441) 295-1422** 

**(Registrant**'**s telephone number, including area code)**

 <br> (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 (see General Instruction A.2 below):

**☐**&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

**☐**&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

**☐**&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

**☐**&nbsp;&nbsp;&nbsp;&nbsp;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:

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| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol(s)</u> | <u>Name of each exchange on which registered</u> |
| Common Shares, par value $0.0002 per share | JRVR | NASDAQ Global Select Market |

---

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. **☐** 

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| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

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At the 2025 annual general meeting of shareholders (the "Annual Meeting") of James River Group Holdings, Ltd. (the "Company") held on October 23, 2025, the Company's shareholders approved an amendment (the "Fourth Amendment") to the James River Group Holdings, Ltd. 2014 Long-Term Incentive Plan (the "2014 LTIP"). The Fourth Amendment increases the number of the Company's common shares authorized for issuance under the 2014 LTIP by 1,650,000 common shares.

At the Annual Meeting, the Company's shareholders also approved an amendment (the "Third Amendment") to the James River Group Holdings, Ltd. 2014 Non-Employee Director Incentive Plan (the "Non-Employee Director Plan"). The Third Amendment increases the number of the Company's common shares authorized for issuance under the Non-Employee Director Plan by 225,000 common shares.

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| | |
|:---|:---|
| **Item 5.07** | **Submission of Matters to a Vote of Security Holders.** |

---

At the Annual Meeting, the Company's shareholders elected each of Matthew B. Botein, Thomas L. Brown, Joel D. Cavaness, Frank N. D'Orazio, Kirstin M. Gould, Dennis J. Langwell, Christine LaSala and Peter B. Migliorato for a one-year term to hold office until the 2026 annual general meeting of shareholders. The Company's shareholders also approved (i) the re-appointment of Ernst & Young LLP, an independent registered public accounting firm, as our independent auditor to serve until the 2026 annual general meeting of shareholders and authorization of our Board of Directors, acting by the Audit Committee, to determine the independent auditor's remuneration, (ii) the 2024 compensation of the Company's named executive officers on a non-binding, advisory basis, (iii) the amendment of the James River Group Holdings, Ltd. 2014 Long-Term Incentive Plan and (iv) the amendment of the James River Group Holdings, Ltd. 2014 Non-Employee Director Incentive Plan.

The following is a summary of the voting results for each matter presented to the shareholders at the Annual Meeting:

**Proposal 1 –** Election of Directors:

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| | | | | |
|:---|:---|:---|:---|:---|
| **<u>Director</u>** | **<u>For</u>** | **<u>Against</u>** | **<u>Abstain</u>** | **<u>Broker Non-Votes</u>** |
| 1a. Matthew B. Botein | 33643684 | 368380 | 37340 | 5638189 |
| 1b. Thomas L. Brown | 33627700 | 384364 | 37340 | 5638189 |
| 1c. Joel D. Cavaness | 33692289 | 319775 | 37340 | 5638189 |
| 1d. Frank N. D'Orazio | 33564369 | 452695 | 32340 | 5638189 |
| 1e. Kirstin M. Gould | 32750395 | 1199151 | 99858 | 5638189 |
| 1f. Dennis J. Langwell | 33642578 | 370634 | 36192 | 5638189 |
| 1g. Christine LaSala | 33300790 | 717434 | 31180 | 5638189 |
| 1h. Peter B. Migliorato | 33521518 | 490547 | 37339 | 5638189 |

---

**Proposal 2** - The re-appointment of Ernst & Young LLP.

---

| | | | |
|:---|:---|:---|:---|
| **<u>For</u>** | **<u>Against</u>** | **<u>Abstain</u>** | **<u>Broker Non-Votes</u>** |
| 39,457,032 | 186,895 | 43,666 | 0 |

---

**Proposal 3** - The approval of the 2024 compensation of our named executive officers.

---

| | | | |
|:---|:---|:---|:---|
| **<u>For</u>** | **<u>Against</u>** | **<u>Abstain</u>** | **<u>Broker Non-Votes</u>** |
| 21,090,315 | 12,177,107 | 781,982 | 5,638,189 |

---

------

**Proposal 4** - The approval of an amendment to the 2014 LTIP.

---

| | | | |
|:---|:---|:---|:---|
| **<u>For</u>** | **<u>Against</u>** | **<u>Abstain</u>** | **<u>Broker Non-Votes</u>** |
| 31,952,386 | 1,321,466 | 775,552 | 5,638,189 |

---

**Proposal 5** - The approval of an amendment to the Non-Employee Director Plan.

---

| | | | |
|:---|:---|:---|:---|
| **<u>For</u>** | **<u>Against</u>** | **<u>Abstain</u>** | **<u>Broker Non-Votes</u>** |
| 22,211,899 | 11,061,954 | 775,551 | 5,638,189 |

---

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

The following Exhibits are furnished as a part of this Form 8-K:

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| 10.1 | <u>[Fourth](ex101-4thamendmentto2014lt.htm)[Amendment to the James River Group Holdings, Ltd. 2014 Long-Term Incentive Plan](ex101-4thamendmentto2014lt.htm)</u> |
| 10.2 | <u>[Third Amendment to the James River Group Holdings, Ltd. 2014 Non-Employee Director Incentive Plan](ex102-3rdamendmentto2014ne.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**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.

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| | |
|:---|:---|
| | **JAMES RIVER GROUP HOLDINGS, LTD.** |
| Dated: October 24, 2025 | By: <u>/s/ Jeanette Miller</u>  |
|  | Jeanette Miller |
|  | Chief Legal Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**FOURTH AMENDMENT**

**TO THE**<br>**JAMES RIVER GROUP HOLDINGS, LTD.**

**2014 LONG-TERM INCENTIVE PLAN**

WHEREAS, James River Group Holdings, Ltd. ("Company") previously adopted the James River Group Holdings, Ltd. 2014 Long-Term Incentive Plan, as previously amended by a first amendment thereto dated May 2, 2017, a second amendment thereto dated October 25, 2022, and a third amendment thereto dated October 24, 2024 ("Plan");

WHEREAS, the Company reserved the right to amend the Plan; and

WHEREAS, subject to the approval of shareholders, the Company authorized an amendment to the Plan to increase the number of the Company's common shares available for issuance thereunder.

NOW, THEREFORE, the Company does hereby amend the Plan, effective as of the date this Fourth Amendment was approved by the shareholders of the Company, by deleting Section 4(a) in its entirety and substituting therefor the following:

**"(a)&nbsp;&nbsp;&nbsp;&nbsp;Shares Available.** Subject to adjustment in accordance with Section 13(f), a total of seven million one hundred fifty-seven thousand six hundred fifty (7,157,650) Shares shall be available for the grant of Awards under the Plan; provided that no more than three million (3,000,000) Shares in the aggregate may be granted as Incentive Share Options under this Plan. Shares issued under this Plan may be authorized and unissued Shares or issued Shares held as treasury Shares. The following Shares may not again be made available for issuance as Awards: (i) Shares not issued or delivered as a result of the net settlement of an outstanding Share Appreciation Right or Share Option, (ii) Shares used to pay the exercise price related to an outstanding Share Option or Share Appreciation Right or to pay the withholding taxes respecting any Award, or (iii) Shares repurchased on the open market with the proceeds of a Share Option exercise price."

IN WITNESS WHEREOF, this Fourth Amendment is hereby executed by a duly authorized officer of the Company this 23<sup>rd</sup> day of October, 2025.

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| |
|:---|
| JAMES RIVER GROUP HOLDINGS, LTD. |
| By: /s/ Frank N. D'Orazio |
| Name: Frank N. D'Orazio |
| Title: Chief Executive Officer |

---

## Exhibit 10.2

**Exhibit 10.2**

**THIRD AMENDMENT**

**TO THE**<br>**JAMES RIVER GROUP HOLDINGS, LTD.**

**2014 NON-EMPLOYEE DIRECTOR INCENTIVE PLAN**

WHEREAS, James River Group Holdings, Ltd. ("Company") previously adopted the James River Group Holdings, Ltd. 2014 Non-Employee Director Incentive Plan, as previously amended by a first amendment thereto dated April 30, 2019 and a second amendment thereto dated October 24, 2024 ("Plan");

WHEREAS, the Company reserved the right to amend the Plan; and

WHEREAS, subject to the approval of shareholders, the Company authorized an amendment to the Plan to increase the number of the Company's common shares available for issuance thereunder.

NOW, THEREFORE, the Company does hereby amend the Plan, effective as of the date this Third Amendment was approved by the shareholders of the Company, by deleting Section 4(a) in its entirety and substituting therefor the following:

**"(a)&nbsp;&nbsp;&nbsp;&nbsp;Shares Available.** Subject to adjustment in accordance with Section 13(f), a total of four hundred seventy-five thousand (475,000) Shares shall be available for the grant of Awards under the Plan. Shares issued under this Plan may be authorized and unissued Shares or issued Shares held as treasury Shares. The following Shares may not again be made available for issuance as Awards: (i) Shares not issued or delivered as a result of the net settlement of an outstanding Share Appreciation Right or Share Option, (ii) Shares used to pay the exercise price or withholding taxes related to an outstanding Share Option or Share Appreciation Right, or (iii) Shares repurchased on the open market with the proceeds of a Share Option exercise price."

IN WITNESS WHEREOF, this Third Amendment is hereby executed by a duly authorized officer of the Company this 23<sup>rd</sup> day of October, 2025.

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| |
|:---|
| JAMES RIVER GROUP HOLDINGS, LTD. |
| By: /s/ Frank N. D'Orazio |
| Name: Frank N. D'Orazio |
| Title: Chief Executive Officer |

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