Argo Group International Holdings, Ltd., has announced that it has received a subpoena from the U.S. Securities and Exchange Commission ("SEC") seeking documents primarily with respect to the company's disclosure of certain compensation-related perquisites.
In a statement, the company said that, working with the assistance of outside counsel, it is "fully cooperating with the SEC" and that it did not believe that the amounts involved were material to the company's financial position or results of operations.
Argo also affirmed that its independent directors were conducting a review of governance and compensation matters.
Learn more: www.argolimited.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].