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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
 
May 4, 2023
Date of Report (Date of earliest event reported) 
Arch Capital Group Ltd.
(Exact name of registrant as specified in its charter)
Bermuda 001-16209 98-0374481
(State or other
jurisdiction of
incorporation or
organization)		 (Commission File Number) (I.R.S. Employer
Identification No.)
 
Waterloo House, Ground Floor, 100 Pitts Bay Road, Pembroke HM 08, Bermuda
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code:
(441) 278-9250
 
N/A
(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):
 
☐    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 Exchange Act:
Title of each classTrading Symbol (s)Name of each exchange on which registered
Common shares, $0.0011 par value per shareACGLNASDAQStock Market
Depositary shares, each representing a 1/1,000th interest in a 5.45% Series F preferred share
ACGLO
NASDAQStock Market
Depositary shares, each representing a 1/1,000th interest in a 4.55% Series G preferred shareACGLNNASDAQStock 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.  o


ITEM 5.07    Submission of Matters to a Vote of Security Holders.
Arch Capital Group Ltd.'s ("ACGL") annual meeting of shareholders was held on May 4, 2023. At the meeting, the holders of 326,609,251 common shares, which represents approximately 88 percent of the outstanding shares entitled to vote as of the record date of March 7, 2023, were represented in person or by proxy. Matters submitted to shareholders at the meeting and the voting results thereof were as follows:
Item 1. The vote on the election of the five Class I directors to hold office for a term of three years and until their respective successors are duly elected and qualified or their earlier resignation or removal.The voting results were as follows:
NOMINEE
FOR
AGAINST
WITHHELD
BROKER NON-VOTES
Francis Ebong280,794,82935,793,616164,4549,856,352
Eileen Mallesch304,293,58312,310,583148,7339,856,352
Louis J. Paglia299,919,84516,678,891154,1639,856,352
Brian S. Posner296,651,35219,940,542161,0059,856,352
John D. Vollaro309,573,4407,024,979154,4809,856,352
Item 2. The vote on a proposal on advisory vote to approve named executive officer compensation. The voting results were as follows:
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
297,263,01519,296,230193,6549,856,352
Item 3. The vote on a proposal on advisory vote of preferred frequency for advisory vote on named executive officer compensation.The voting results were as follows:
1 YEAR
2 YEARS
3 YEARS
ABSTAIN
312,697,512319,9293,586,599148,859
Item 4. The vote on a proposal to approve the Amended and Restated Arch Capital Group Ltd. 2007 Employee Share Purchase Plan. The voting results were as follows:
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
316,344,285282,835125,7799,856,352
Item 5. The vote on the ratification of the selection of PricewaterhouseCoopers LLP as ACGL’s independent registered public accounting firm for the year ending December 31, 2023. The voting results were as follows:
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
315,616,20910,876,150116,892—
Item 6. The vote on the election of certain individuals as Designated Company Directors of certain of ACGL’s non-U.S. subsidiaries. The voting results were as follows:
DIRECTOR
FOR
AGAINST
WITHHOLD
BROKER NON-VOTES
Matthew Dragonetti316,461,69885,569205,6329,856,352
Seamus Fearon316,424,289121,252207,3589,856,352
Beau H. Franklin315,636,074883,453233,3729,856,352
Jerome Halgan316,388,331159,756204,8129,856,352
James Haney316,492,07961,054199,7669,856,352
Chris Hovey316,452,68496,363203,8529,856,352
Pierre Jal316,455,27996,858200,7629,856,352
François Morin298,983,68217,592,808176,4099,856,352
David J. Mulholland316,489,13467,835195,9309,856,352
Chiara Nannini295,921,85320,624,503206,5439,856,352
Maamoun Rajeh316,494,24175,120183,5389,856,352
Christine Todd316,503,23157,143192,5259,856,352

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ITEM 8.01    Other Events.

Preferred Share Dividends. On May 5, 2023, the Board of Directors (the “Board”) of ACGL declared dividends with respect to the outstanding 13,200,000 depositary shares, each representing a 1/1000th interest in a share of 5.45% Non-Cumulative Preferred Shares, Series F, $0.01 per share (“Series F Shares”), with a $25,000 liquidation preference per share (equivalent to a $25.00 liquidation preference per depositary share), as outlined below. All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on June 30, 2023 to holders of record of the Series F Shares, as of June 15, 2023, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the effective date. In addition, the Board declared dividends with respect to the Series F Shares, to be payable out of lawfully available funds for the payment of dividends under Bermuda law on September 30, 2023 to holders of record of the Series F Shares, as of September 15, 2023, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the effective date.
Series
Effective Date for Declaration
Dividend Period
Dividend Amount
Rate Per Share
Series F
6/30/233/31/23-6/29/23$4,496,250$0.340625
Series F
9/30/236/30/23-9/29/23$4,496,250$0.340625
In addition, on May 5, 2023, the Board of ACGL declared dividends with respect to the outstanding 20,000,000 depositary shares, each representing a 1/1000th interest in a share of 4.55% Non-Cumulative Preferred Shares, Series G, $0.01 per share (“Series G Shares”), with a $25,000 liquidation preference per share (equivalent to a $25.00 liquidation preference per depositary share), as outlined below. All such dividends will be payable out of lawfully available funds for the payment of dividends under Bermuda law on June 30, 2023 to holders of record of the Series G Shares, as of June 15, 2023, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the effective date. In addition, the Board declared dividends with respect to the Series G Shares, to be payable out of lawfully available funds for the payment of dividends under Bermuda law on September 30, 2023 to holders of record of the Series G Shares, as of September 15, 2023, unless determined otherwise by the Board or the Executive Committee of the Board on or prior to the effective date.
Series
Effective Date for Declaration
Dividend Period
Dividend Amount
Rate Per Share
Series G
6/30/233/31/23-6/29/23$5,687,500$0.284375
Series G
9/30/236/30/23-9/29/23$5,687,500$0.284375
ITEM 9.01    Financial Statements and Exhibits.
(d):     The following exhibits are being filed herewith.
EXHIBIT NO. DESCRIPTION
104Cover 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, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 ARCH CAPITAL GROUP LTD.
   
   
Date: May 8, 2023By:/s/ François Morin
  Name:François Morin
  Title:Executive Vice President, Chief Financial Officer and Treasurer


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