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Erie Indemnity Company Reports Election of Directors

 

ERIE, Pa. (April 26, 2017)-- The shareholders of Erie Indemnity Company (NASDAQ: ERIE) at their annual meeting on April 25, 2017 elected 13 Directors to the Company's Board of Directors for a one-year term.  Those elected include 11 incumbent Directors and two new Directors.  The persons elected to the Board (and their tenure on the Board) are:

  • J. Ralph Borneman Jr., President and Chief Executive Officer and Chairman of the Board of Body-Borneman Insurance & Financial Services, LLC. (Director since 1992)
  • Eugene C. Connell, Independent Investor and Advisor (newly elected Director)
  • LuAnn Datesh, Esq., a director and member of the law firm of Sherrard, German & Kelly, P.C. (Director since 2016)
  • Jonathan Hirt Hagen, Co-trustee of H.O. Hirt Trusts; Vice Chairman of the Board of Erie Indemnity Company; and Vice Chairman, Custom Group Industries (Director since 2005)
  • Thomas B. Hagen, Chairman of the Board of Erie Insurance Group; Chairman/Owner of Custom Group Industries; and general partner of the Hagen Family Limited Partnership (Director since 2007; previous Board service 1979-1998)
  • C. Scott Hartz, Chairman, TaaSera, Inc.; Chief Executive Officer, Hartz Group (Director since 2003)
  • Brian A. Hudson, Sr., Executive Director and Chief Executive Officer, Pennsylvania Housing Finance Agency (newly elected Director)
  • Dr. Claude C. Lilly III, Retired President, Presbyterian College (Director since 2000)
  • George R. Lucore,  Managing Director of PAFLA Properties (Director since 2016)
  • Thomas W. Palmer, Member of the law firm of Marshall & Melhorn, LLC (Director since 2006)
  • Martin P. Sheffield, Owner, Sheffield Consulting, LLC, insurance consultants (Director since 2010)
  • Richard L. Stover, Retired Managing Principal, Birchmere Capital, L.P., private equity fund (Director since 2010)
  • Elizabeth Hirt Vorsheck, Co-trustee of H.O. Hirt Trusts (Director since 2007)

In other business, the shareholders approved, on a nonbinding advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's 2017 Information Statement, and selected, on a nonbinding advisory basis, "every three years" as the preferred frequency for future advisory votes on executive compensation.