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Posted 21 February, 2024

Goosehead Insurance, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:GSHD in a 8-K filed on 21 February, 2024.


  On February 21, 2024, the Board of Directors (the "Board") of Goosehead Insurance, Inc. (the "Company") approved the Company's management succession plan, pursuant to which Mark E. Jones will step down from his position as the Company's Chief Executive Officer ("CEO") and assume the position of Executive Chairman.  

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Overview of Goosehead Insurance, Inc.
Financial Services • Non-Life Insurance
Goosehead Insurance, Inc. is a holding company, which engages in the provision of independent personal lines of insurance. The company was founded by Robyn Jones and Mark E. Jones in 2003 and is headquartered in Westlake, TX.
Market Cap
$3.02B
View Company Details
Goosehead Insurance, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On February 21, 2024, the Board of Directors (the "Board") of Goosehead Insurance, Inc. (the "Company") approved the Company's management succession plan, pursuant to which Mark E. Jones will step down from his position as the Company's Chief Executive Officer ("CEO") and assume the position of Executive Chairman. Mr. Jones will be succeeded as CEO by Mark Miller (such succession, the "CEO Succession"). The CEO Succession will become effective on July 1, 2024. 


After the CEO Succession, for his service as a director and Executive Chairman of the Board, Mr. Jones's annual base salary will be reduced by approximately two-thirds to $750,000. He will be eligible to receive annual stock option grants at the discretion of the compensation committee of the Board. The Board intends to nominate Mr. Jones for re-election as a director at the Company's 2024 annual meeting of the shareholders, and, if re-elected, for Mr. Jones to continue serving as Executive Chairman. 


In connection with his appointment as CEO, Mr. Miller will continue to be compensated according to the current terms of his employment with the Company, except that his annual base compensation will be increased from $650,000 to $750,000 and his annual bonus opportunity will be increased from $650,000 to $750,000. In addition, Mr. Miller will receive a grant of 50,000 incremental stock options, priced at a 10% premium over the market price of the Company's Class A common stock at market close on July 1, 2024, which will vest over a three-year period. Mr. Miller will remain a director following the CEO Succession. 


Mr. Miller has served as the Company's President and Chief Operating Officer since May 2022 and as a member of the Company's Board of Directors since 2018. Certain other biographical information was previously disclosed in the Company's current report on Form 8-K dated May 10, 2022, and is incorporated by reference herein.