Everest Group said Jim Williamson will receive an additional stipend of $25,000 per month during his tenure as Acting Chief Executive Officer. The company said the stipend recognizes his new responsibilities.

1. 01

   Everest Group said Jim Williamson will receive an additional stipend of $25,000 per month during his tenure as Acting Chief Executive Officer. The company said the stipend recognizes his new responsibilities.

2. 02

   The company said the additional stipend is provided under a letter agreement dated January 13, 2025, and that the agreement is attached as Exhibit 10.1 and incorporated by reference.

3. 03

   The company said the letter agreement did not change any other terms of Mr. Williamson's compensation. Apart from the additional stipend, his existing compensation terms remain in place.

4. 04

   In a Form 8-K filed on January 8, 2025, the company said its board had appointed Jim Williamson as Acting Chief Executive Officer and as a board member.

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