act-202203090001823529FALSE00018235292022-03-112022-03-11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): March 9, 2022
Enact Holdings, Inc.
(Exact name of registrant as specified in its charter)
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Delaware | | 001-40399 | | 46-1579166 |
(State or other Jurisdiction of | | (Commission | | (IRS Employer |
Incorporation) | | File Number) | | Identification No.) |
8325 Six Forks Road
Raleigh, North Carolina 27615
(919) 846-4100
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
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):
☐ 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:
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Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common stock, par value $0.01 per share | ACT | The Nasdaq Stock 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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On March 9, 2022, the Board of Directors (the “Board”) of Enact Holdings, Inc., a Delaware Corporation (the “Corporation” or “Enact”), appointed Michael Bless to serve as a Director for a term expiring at the 2022 Annual Meeting of Stockholders. The Board also appointed Mr. Bless to serve on the Board’s Risk Committee.
Mr. Bless has served as the Special Advisor to the CEO and Board of Directors of Century Aluminum Company (Nasdaq: CENX) since July 2021. Previously Mr. Bless served as Century’s President and Chief Executive Officer from November 2011 to July 2021, along with being a member of Century’s Board of Directors from December 2012 to July 2021. Mr. Bless also served as Century’s Executive Vice President and Chief Financial Officer from 2006 to 2011. Prior to Century, Mr. Bless served as the Chief Financial Officer of Maxtor Corporation (NYSE: MXO) (2004) and Rockwell Automation, Inc. (NYSE: ROK) (2001 to 2004), and in several other leadership positions with Rockwell from 1997 to 2001. Mr. Bless also serves as an independent director of CAN Financial Corporation (NYSE: CAN), where he has been chair of the Compensation Committee since 2017. He also served as an independent director of Simpson Manufacturing Company (NYSE: SSD) from 2017 to 2021. Mr. Bless began his career as an investment banker with Dillon, Read & Co., Inc. from 1987 to 1997. He holds an A.B. degree in history from Princeton University.
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Item 7.01 | Regulation FD Disclosure |
On March 10, 2022, Enact issued a press release announcing the Board’s appointment of Mr. Bless. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference in this Item 7.01.
The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing by Enact under the Securities Act of 1933, as amended.
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Item 9.01 | Financial Statements and Exhibits. |
The following materials are exhibits to this Current Report on Form 8-K:
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Exhibit Number | | Description of Exhibit |
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99.1 | | |
104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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| ENACT HOLDINGS, INC. |
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Dated: March 10, 2022 | By: | /s/ Hardin Dean Mitchell |
| | Hardin Dean Mitchell |
| | Executive Vice President, Chief Financial Officer and Treasurer |
| | (Principal Financial Officer) |
Document8325 Six Forks Road
Raleigh, NC 27615
919-846-4100 800-444-5664
EnactMI.com
FOR IMMEDIATE RELEASE
March 10, 2022
Enact Welcomes Michael A. Bless to its Board of Directors
RALEIGH, N.C., March 10, 2022 – Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, has appointed Michael A. Bless to the company’s board of directors which is now comprised of 11 members.
“We are excited to welcome Michael to Enact’s Board of Directors. His extensive business experience and strong financial expertise will complement and enhance the skills and perspectives represented on the board,” said Dominic Addesso, Chairperson of the Enact Board. “Having held multiple executive positions with public companies, his prior director service, and currently serving as a special advisor to the CEO and Board of Directors of Century Aluminum Company since July 2021, and a director of CNA Financial Corporation since 2017, Michael’s business acumen and diverse experiences will serve the Company well.”
Prior to joining the Enact board, Mr. Bless served as Century Aluminum Company’s (Nasdaq: CENX) President & Chief Executive Officer from November 2011 to July 2021, and a member of their Board of Directors from December 2012 to July 2021. In addition, Mr. Bless also served as the Chief Financial Officer for Century from 2006 to 2011. Prior to joining Century, Mr. Bless also served in various leadership positions such as Chief Financial Officer of Maxtor Corporation and Rockwell Automation, Inc. Since 2017, Bless has served as an independent director of CNA Financial Corporation (NYSE: CNA) where he is the chair of the Compensation Committee.
Complete Enact board member biographies, including roles and committee assignments, can be found on the company website under the Corporate Governance tab at https://ir.enactmi.com/corporate-governance/governance-overview.
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About Enact Holdings, Inc.
Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.
Safe Harbor Statement
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, our expected financial and operational results, the related assumptions underlying our expected results, and the quotations of management. These forward-looking statements are distinguished by use of words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,” the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. Our forward-looking statements contained herein speak only as of the date of this press release. Factors or events that we cannot predict, including uncertainty around Covid-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in the United States and in other countries around the world, changes in political, business, regulatory, and economic conditions and other factors described in the risk factors contained in our filings with the Securities and Exchange Commission, may cause our actual results to differ from those expressed in forward-looking statements. Although Enact believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be achieved and it undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.
Investor Contact
Daniel Kohl
daniel.kohl@enactmi.com
Media Contact
Brittany Harris-Flowers
brittany.harris-flowers@enactmi.com