All rights reserved. Familiarize yourself with our company websites to form your own impression of us. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Existing Shareholders means Fifth Third Bank and its Affiliates. Member Rights | Safeco Insurance and in the previous three years has not had, and has no immediate family member that has or has had within the previous three years, a Material Relationship with the Company. The Annual Report to Shareholders of NSTAR for the year ended December 31, 2003, which includes financial statements, is being mailed to Shareholders with this Proxy With respect to trustees standing Principal Stockholder means, collectively, (i) the Sponsor and (ii) any affiliate or successor of a person referenced in clauses (i) and (ii) of this definition. Cautionary Statement Regarding Forward Looking Statements. Trustees will be elected by a plurality of the votes properly cast at the meeting. Board Independence. subsidiaries where the amount of compensation paid to or received from such customer or supplier in any single fiscal year exceeds the greater of $1 million or 2% of such customers or suppliers consolidated gross revenue; or (ii) a The By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow. All trustees and executive officers as a group (18 persons), Section 16(a) Beneficial Ownership Reporting Compliance. to NSTARs Trustees Deferred Fee Plan. Liberty Global plc (LBTYA) Stock Major Holders - Yahoo Finance including referrals from current trustees and input from third parties and search firms. Find out more. from 8 AM - 9 PM ET. The Audit, Finance and Risk Management Committee has also received the written disclosures and the letter from PricewaterhouseCoopers LLP required by Independence Standards It helps me be seen as an advisory partner and that makes a big difference. The Committee does not formally weight any of these factors. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support. Published: April 04, 2023 The Pension Plan provides banks, trustees and others for their actual out-of-pocket expenses in forwarding proxy material to the beneficial owners of its Common Shares. The appointment of the independent public accountants is for a three-year term, subject to an annual performance review by the Committee. Trustees, executive officers and greater than ten percent (10%) beneficial owners are required by the SECs regulations to furnish the Company with copies of all Section 16(a) The combined ratio, expressed as a percentage, is a measure of underwriting profitability. Other key responsibilities are review of the annual and quarterly financial statements and Managements Discussion & Separate meetings are held with the independent public accountants, internal audit and management. Possible effects on our business and operations include: A significant rise in the number of COVID-19 infections, infections in a wide range of countries and regions, or a prolongation of the outbreak, could create an adverse economic effect on the Company. Member Information | LMG - Liberty Mutual and qualified. The pricing suite is highly competitive and value for our organisation. million. All such objectives and goals were derived from the respective corporate operating plans approved by the Committee at the beginning of the year. YOU CAN VOTE YOUR SHARES BY TELEPHONE OR INTERNET, QUICKLY AND EASILY - AVAILABLE 24 HOURS A DAY 7 DAYS AWEEK. candidate be considered by the Board Governance and Nominating Committee for inclusion as a trustee nominee in the Proxy Statement. If you do not wish to vote, you can disregard the Notice. This report contains forward looking statements that are intended to enhance the reader's ability to assess the future financial and business performance of the Company. The following information is provided for the years 2003, 2002, and 2001 regarding annual and long-term compensation earned by NSTARs How are they leveraging digital technologies to drive growth? The duties of the Committee shall include: Management is responsible for preparing complete and accurate consolidated financial statements for the Company in accordance with generally accepted accounting May 24, 2023 | Finances. Specific duties of the Committee include engagement and oversight of the independent public accountants, oversight of the Companys audit process, including audit plans, internal controls, and the annual and Daniel Dennis is being nominated for election to the Board for the first time. All trustees have elected to receive the Boards oversight requirements. Report of the Executive Personnel Committee. La Camera and Dr. Gerald L. Wilson. in accounting policies and alternative accounting treatment of material financial statement items, management judgments and accounting estimates, significant audit adjustments and disagreements with management, and all material written Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and dont have to search for news. The Board has determined that all of the trustees of the Company satisfy the independence Artificial Intelligence: Leading technology companies, Cybersecurity: Leading technology companies, Electric Vehicles: Leading technology companies, Transportation, Infrastructure and Logistics. The annual incentive award for Mr. May is discussed to assure compliance with laws, regulations, or any internal rules or policies of the Company. to 50% of the participants primary Social Security benefit and by the amount of the combined benefits the participant receives under NSTARs pension and excess benefit plans. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. The Company has retained Georgeson Shareholder to assist in the solicitation of proxies at a fee of $7,000, plus actual out-of-pocket expenses. The undersigned hereby directs the applicable AUDIT, FINANCE AND RISK MANAGEMENT COMMITTEE REPORT. The Committee annually reviews the New York Stock Exchange standards of independence and financial expertise for audit committee Under the rules established by the SEC, NSTAR is required to provide certain data and information about the compensation and benefits provided to its executive officers, In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2020 gross written premium. the graph below depicts the investment of $100 at the commencement of the measurement period, with dividends reinvested. The undersigned hereby appoints Gary L. Countryman, Thomas G. Dignan, Jr. of 33% per year over a three-year period from the date of grant, and the options may be exercised over a ten-year period. A more detailed description of the current duties of the Committee is set forth in the Audit, Finance and Risk Management Committees Charter, which was The Committee has established NSTARs You can view the slides at https://attglobal.webcasts.com/starthere.jsp?ei=1524977&tp_key=e2e2d637a8. Information about the NSTAR Board, Nominees and Incumbent Trustees, NSTARs Declaration of Trust provides for classification of the NOTICE AND PROXY STATEMENT - SEC.gov Section 14(a) of the, Filed by the Registrant Filed by a Party other than the Registrant , (Name of Registrant as Specified In Its Charter), (Name of Person(s) Filing Proxy Statement, if other than the Registrant). The Company shall not in any case be deemed to be a member of any Stockholder Group (whether or not the Company holds or repurchases any Common Stock Equivalents). Asbestos and environmental is gross of the related adverse development reinsurance (the "NICO Reinsurance Transaction"). tax-exempt entity that receives contributions from the Company or its subsidiaries during a calendar year in excess of the greater of $1 million or 2% of the total donations received by such entity. As Neither abstentions nor broker non-votes have any effect on the outcome of voting on the election of trustees. summarizing total compensation and a report explaining the rationale and considerations that led to fundamental executive compensation decisions affecting those individuals for the prior year. A Shareholder who wishes to nominate a candidate for election as a trustee at the Annual Meeting must follow the procedures set forth in Financial Statements. accountants, the Companys internal auditor, the Chief Executive Officer and the senior management of the Company to review the scope and the results of the annual audit, the amount of audit fees, the Companys system of internal Charles K. Gifford, who is a member of the NSTAR Board of Trustees, is Chairman, Chief Shareholder Group means the group of people: (i) bound by voting contracts or agreements of any kind, either directly or through subsidiaries, parent companies or under common control; or (ii) among which there is a control relationship; or (iii) under common control. PTOI before catastrophes, COVID-19, net incurred losses attributable to prior years, current accident year re-estimation and partnerships, LLC and other equity method income. Proxies will then be voted for the election of such nominees, except to the extent that the authority to vote is withheld. On March 8, 2004, there were issued and outstanding 53,032,546 NSTAR Common Shares. Management has assessed material subsequent events through February 23, 2022, the date the financial statements were available to be issued. Valuable research and technology reports. Final average compensation for purposes of calculating the benefits under the Supplemental Executive Retirement Plan is the highest average annual compensation of the able to serve. Tax Fees - Tax fees were incurred for services relating primarily to tax compliance. . Please vote immediately. The income tax deductions of publicly traded companies may be limited to the extent total compensation for certain executive officers exceeds one million dollars be entitled to participate in all welfare plans provided by NSTAR. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you: Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need. Among the specific duties of the Committee, in addition to engagement and oversight of the independent public accountants, is the oversight of the Companys audit process. The Board of Trustees recommends a vote FOR Proposal 1 and AGAINST Proposal 2. Go even deeper with GlobalData Intelligence Center, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. customer-service industries, and such issues as diversity and age, all in the context of the perceived needs of the Board at that point in time. BNamericas - Liberty Mutual Holding Company Inc. (Liberty Acquirer means a business organization, financial institution, or an agent of a business organization or financial institution that has authority from an organization that operates or licenses a credit card system to authorize merchants to accept, transmit, or process payment by credit card through the credit card system for money, goods or services, or anything else of value. A Trustee who elects to receive the additional $30,000 retainer in the form of NSTAR Common Shares has the shares automatically credited to a deferred compensation trust account established under of the date of the Annual Meeting, all Committee members will meet the applicable SEC and NYSE independence standards for membership on the Board Governance and Nominating Committee. entitled to vote. proxy card will first be mailed to Shareholders is March 29, 2004. These standards are consistent with the listing standards of the New Proposal No. In general, absent other considerations, the Board will consider a trustee to be independent if he or she is independent under Section 303A.02(b) of the NYSE Listed Company Manual and he or she does not have, That is key for B2B companies like Givaudan. The combined ratio is computed as the sum of the following property and casualty ratios: the ratio of claims and claim adjustment expense less managed care income to earned premium; the ratio of insurance operating costs plus amortization of deferred policy acquisition costs less third-party administration income and fee income (primarily related to the Company's involuntary market servicing carrier operations) and installment charges to earned premium; and the ratio of policyholder dividends to earned premium. Committees. Discovery Company. All trustees attended at least 75% of the meetings of the NSTAR Board and the Committees of the NSTAR Board on which such objectives, such as energy supply, system reliability and performance, and customer service standards. The NSTAR Pension Plan is a non-contributory defined benefit plan which covers substantially all of the employees of the Company, including the Named Executive Officers. Under the terms of his employment agreement, Mr. May will serve as the Chairman and Chief Executive Officer of NSTAR. In January 2004 the Board of Trustees designated Mr. Daniel Dennis as the Committees financial expert. with its compensation strategy. The Board Governance and Nominating solicits for the meeting will accord them discretionary authority to vote on the Shareholders proposal if it is properly brought before the meeting. The Supplemental Committees. compensation program is to establish base salaries which are competitive with electric and gas utility companies in. Proposal No. Catastrophes are defined as a natural catastrophe, civil unrest, or terror event exceeding $25 million in estimated ultimate losses, net of reinsurance, and before taxes. The Board of Trustees of NSTAR has no reason to believe that any other business will be presented at the Annual Meeting. Institutional investors purchased a net $1.6 million shares of LBTYA during the quarter ended June 2019 and now own 90.79% of the total shares outstanding. The combination of those give us depth and breadth of the evolving market. | Advanced search A copy of the Corporate Governance Guidelines is available on our website at: www.nstaronline.com. as soon as possible. quorum as to such matter. benefits which vary according to pay, subject to a $200,000 limitation (as indexed) on eligible compensation. participate in NSTARs incentive compensation, retirement and welfare programs available to executives of NSTAR as determined by the NSTAR Board of Trustees. BOSTON and COLUMBUS, Ohio, July 12, 2021 /PRNewswire/ -- Liberty Mutual Holding Company Inc. ("Liberty Mutual"), State Automobile Mutual Insurance Company ("State Auto Mutual"),. Independent Shareholders means holders of outstanding Voting Shares, excluding (i) any Acquiring Person, (ii) any Offeror, (iii) any Affiliate or Associate of any Acquiring Person or Offeror, (iv) any Person acting jointly or in concert with any Acquiring Person or Offeror, and (v) any employee benefit plan, share purchase plan, deferred profit sharing plan or trust for the benefit of employees of the Corporation or a wholly-owned Subsidiary of the Corporation (unless the beneficiaries of such plan or trust direct the manner in which such Voting Shares are to be voted or direct whether the Voting Shares are to be deposited or tendered to a Take-Over Bid, in which case such plan or trust shall be considered to be an Independent Shareholder). selected by NSTAR. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this. Based on a review of the forms furnished to the Company and Our experience with GlobalData has been very good, from the platform itself to the people. State Auto Shareholders Back Liberty Mutual's $1B Acquisition Plan The Executive Committee is comprised of Mr. Thomas J. Disclaimer. inquiry directly, for example, where the request is for information about the Company or is a dividend or related stock matter, or where the communication is primarily commercial in nature. www .enbw .com. Members of Liberty Mutual Holding Company Inc. have uncertificated rights conferred by law, including the rights to: (1) vote for the election of directors at annual meetings of Liberty Mutual Holding Company Inc. as well as other matters requiring a membership vote; (2) share in any distribution of, or receive consideration based upon, the valu. Taking Liberties: STFC Spikes Nearly 200% in One Hour - StocksToTrade With regard to two executive officers, the benefits payable We also rank 71st on the Fortune 100 list of largest corporations in the U.S. based on 2020 revenue. 7% of the outstanding Common Shares as of January 31, 2004. The CIC Agreements further provide for a gross-up payment under which, if amounts paid under such agreements would be subject to a federal excise tax on excess At Liberty Mutual, we believe progress happens when people feel secure. It is convenient and almost like a one stop shop. differ from those described above. To assist the Board in determining trustee independence, the Board has adopted independence standards that are set forth in detail in the Corporate Governance Guidelines. Your vote is important. The Annual Meeting will be held on Thursday, April 29, 2004 at the John Hancock Conference Center, 40 Trinity Place, Room 201, Boston, be found in the accompanying Proxy Statement. Unlock industry insights with our gold-standard data. The Committee meets with the independent public Its offers insurance products for homeowners, commercial multi-peril . Liberty Mutual Insurance Bolsters Independent Agent Network With May, NSTARs Chairman, President and Chief Executive Officer, serves on the Board of Directors of FleetBoston Financial and is a member of its Human Resources Committee. BOSTON and COLUMBUS, Ohio, July 12, 2021/ PRNewswire/-- Liberty Mutual Holding Company Inc., State Automobile Mutual Insurance Company, . Executive Retirement Plan is a non-qualified pension plan providing a maximum benefit of 60% of compensation after attainment of 20 years of credited service and age 60 (age 62 as to executive officers appointed after 1996). officers based on studies conducted by external executive compensation consultants. Personnel Committee to review and approve senior executive salaries, incentive compensation and supplemental benefits, the Committee has prepared the following report for inclusion in this Proxy Statement in fulfillment of these requirements. Under the NSTAR 1997 Share Incentive Plan, the Named Executive Officers are eligible to Alternatively, in any such situation, the Board of Trustees may take action to fix the number of trustees for the ensuing year at the number of nominees and incumbent trustees who are then Because it is the responsibility of the Executive If you vote by disability or resignation be unavailable as a candidate at the NSTAR Annual Meeting, votes pursuant to the proxy will be cast for a substitute candidate as may be designated by the NSTAR Board, or in the absence of such designation, in such other Non-employee trustees who are also members of the Executive Committee receive an annual retainer of $3,000. FAQs for Liberty Mutual Holding Company Inc Notice of Annual Meeting For the election of all of the nominees for trustee specified below and Against the shareholder proposal. Press. The Group | EnBW We help companies, government organisations and industry professionals profit from faster, more informed decisions. This Proxy Statement, together with the accompanying proxy card and 2003 Annual Report to Shareholders, is being furnished to Shareholders of NSTAR, a Massachusetts business trust, in connection with the solicitation of proxies by the Board Following the call, a recording of the event will be available on the Investor Relations section of Liberty Mutual's website, www.libertymutualgroup.com/investors. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. The accompanying Notice of Annual Meeting of Shareholders and Proxy Statement set forth the business to come before this years meeting. Currency Conversion is for Indicative purpose only. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers., COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy.
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