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Brown & Brown said its board appointed Paul M. Gallagher as principal accounting officer on May 7, 2025. Gallagher, 55, has served as controller since November 2024 and retired from Deloitte & Touche LLP in June 2023.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Brown & Brown said its board appointed Paul M. Gallagher as principal accounting officer on May 7, 2025. Gallagher, 55, has served as controller since November 2024 and retired from Deloitte & Touche LLP in June 2023.

  2. The company said R. Andrew Watts will no longer serve as principal accounting officer effective May 7, 2025. Watts will continue as Executive Vice President, Chief Financial Officer (principal financial officer) and Treasurer.

  3. Brown & Brown said shareholders approved an amendment to the 2019 Stock Incentive Plan on May 7, 2025. The amendment increases the shares available for issuance under the plan by 6,930,000 shares and extends its term. The vote was 239,283,450 for, 3,233,888 against and 292,928 abstaining.

  4. Brown & Brown said 264,433,229 of 286,627,605 shares entitled to vote (approximately 92.26%) were represented at its annual meeting of shareholders on May 7, 2025. Shareholders approved the appointment of Deloitte & Touche LLP as independent registered public accountants for fiscal 2025 with 254,260,316 votes in favor.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Brown & Brown Appoints Paul M. Gallagher as Principal Accounting Officer

Brown & Brown said its board appointed Paul M. Gallagher as principal accounting officer on May 7, 2025. Gallagher, 55, has served as controller since November 2024 and retired from Deloitte & Touche LLP in June 2023.

Source · Based on the filing body and exhibits

R. Andrew Watts Steps Down as Principal Accounting Officer

The company said R. Andrew Watts will no longer serve as principal accounting officer effective May 7, 2025. Watts will continue as Executive Vice President, Chief Financial Officer (principal financial officer) and Treasurer.

Source · Based on the filing body and exhibits

Shareholders Approve 2019 Stock Incentive Plan Increase and Term Extension

Brown & Brown said shareholders approved an amendment to the 2019 Stock Incentive Plan on May 7, 2025. The amendment increases the shares available for issuance under the plan by 6,930,000 shares and extends its term. The vote was 239,283,450 for, 3,233,888 against and 292,928 abstaining.

Source · Based on the filing body and exhibits

Annual Meeting Attendance and Auditor Approval in 2025

Brown & Brown said 264,433,229 of 286,627,605 shares entitled to vote (approximately 92.26%) were represented at its annual meeting of shareholders on May 7, 2025. Shareholders approved the appointment of Deloitte & Touche LLP as independent registered public accountants for fiscal 2025 with 254,260,316 votes in favor.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.