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Employers Holdings shareholders approve board declassification

At the May 24 annual meeting, Employers Holdings Inc. shareholders voted to declassify the company's board.

Directors elected at the annual meeting will hold office for a three-year term ending at the 2021 annual meeting. Thereafter, directors would be elected for one-year terms commencing upon the expiration of a director's term.

The amendment will first apply to directors standing for election at the 2019 annual meeting, and the declassification of the board would be phased in over a three-year period. The amendment will not shorten the existing terms of any class of directors.