Mercury General Corporation Director Compensation Schedule Update

Summary

Mercury General Corporation has updated its compensation schedule for board members. The agreement outlines the fees paid to directors for attending board and committee meetings, both in person and by phone, as well as annual retainers for committee chairs and the lead director. The new fee structure increases compensation for several roles and meeting types, specifying exact amounts for each. This schedule applies to all current and future board members and committee chairs, ensuring clarity and transparency in director compensation.

EX-10.1 2 v367756_ex10-1.htm EXHIBIT 10.1

EXHIBIT 10.1

MERCURY GENERAL CORPORATION BOARD FEES

	PRIOR FEES	NEW FEES
Director Compensation - Board Fee	$4,000 per quarter	$4,000 per quarter
Director Compensation - Meeting Attendance	$4,000 per meeting held in person or telephonically lasting 1 hour or more	$4,000 per meeting held in person or telephonically lasting 1 hour or more
	$500 per meeting held telephonically lasting less than 1 hour	$500 per meeting held telephonically lasting less than 1 hour

Audit Committee
Meeting Attendance (Chair)	$3,500 per meeting	$5,000 per meeting
Meeting Attendance (Non Chair)	$2,500 per meeting	$3,000 per meeting
Annual Retainer (Chair)	$4,000	$5,000

Compensation Committee
Meeting Attendance (Chair)	$500 per meeting	$2,000 per meeting
Meeting Attendance (Non Chair)	$500 per meeting	$1,500 per meeting
Annual Retainer (Chair)	$2,500	$4,000

Nominating/Corporate Governance Committee
Meeting Attendance (Chair)	$1,500 per meeting	$1,500 per meeting
Meeting Attendance (Non Chair)	$1,000 per meeting	$1,000 per meeting
Annual Retainer (Chair)	$1,500	$2,000

Investment Committee
Meeting Attendance (Chair)	$1,500 per meeting	$2,000 per meeting

Lead Director - Annual Retainer	$10,000	$15,000