1. (1) If the solicitation is made by the management of the insurer, so state. Give the name of any director of the insurer who has informed the management in writing that the director intends to oppose any action intended to be taken by the management and indicate the action which the director intends to oppose.
2. (2) If the solicitation is made otherwise than by the management of the insurer, state the names and addresses of the persons by whom and on whose behalf it is made and the names and addresses of the persons by whom the cost of solicitation has been or will be borne, directly or indirectly.

3. (3) If the solicitation is to be made by specially engaged employees or paid solicitor, state

   1. (i) the material features of any contract or arrangement for such solicitation and identify the parties, and

   2. (ii) the cost or anticipated cost thereof.

      Item 4. Interest of Certain Persons in Matters to Be Acted Upon.

      Describe briefly any substantial interest, direct or indirect, by stockholders or otherwise, of any director, nominee for election for director, officer and, if the solicitation is made otherwise than on behalf of management, each person on whose behalf the solicitation is made, in any matter to be acted upon other than elections to office.

      Item 5. Stocks and Principal Stockholders.

4. (1) State, as to each class of voting stock of the insurer entitled to be voted at the meeting, the number of shares outstanding and the number of votes to which each class is entitled.
5. (2) Give the date as of which the record list of stockholders entitled to vote at the meeting will be determined. If the right to vote is not limited to stockholders of record on that date, indicate the conditions under which other stockholders may be entitled to vote.

6. (3) If action is to be taken with respect to the election of directors and if the persons solicited have cumulative voting rights, make a statement that they have such rights and state briefly the conditions precedent to the exercise thereof.

   Item 6. Nominees and Directors.

   If action is to be taken with respect to the election of directors furnish the following information, in tabular form to the extent practicable, with respect to each person nominated for election as a director and each other person whose term of office as a directors at the meeting.

7. (a) Name each such person, state when such person's term of office or the term of office for which such person is a nominee will expire, and all other positions and officer with the insurer presently held by such person, and indicate which persons are nominees for election as directors at the meeting.
8. (b) State such person's present principal occupation or employment and give the name and principal business of any corporation or other organization in which such employment is carried on. Furnish similar information as to all of such person's principal occupations or employments during the last five years, unless such person is now a director and was elected to such person's present term of office by a vote of stockholders at a meeting for which proxies were solicited under this Article.
9. (c) If such person is or has previously been a director of the insurer, state the period or periods during which such person has served as such.

10. (d) State, as of the most recent practicable date, the approximate number, and the approximate portion thereof to the total number, of each class of stock of the insurer or any of its parents, subsidiaries or affiliates other than directors' qualifying shares, beneficially owned directly or indirectly by such person. If such person is not the beneficial owner of any such stocks make a statement to that effect.

    Item 7. Remuneration and Other Transactions with Management and Others.

    Furnish the information reported or required in Item 1 of Schedule Stockholder Information Supplement under the heading “Information Regarding Management and Directors” if action is to be taken with respect to

11. (a) the election of directors,
12. (b) any remuneration plan, contract or arrangement in which any director, nominee for election as a director, or officer of the insurer will participate,
13. (c) any pension or retirement plan in which any such person will participate, or

14. (d) the granting of extension to any such person of any options, warrants or rights to purchase any stocks, other than warrants or rights issued to stockholders, as such, on a pro rata basis. If the solicitation is made on behalf of persons other than the management information shall be furnished only as to Item IA of the aforesaid heading of Schedule Stockholder Information Supplement. (Note that said Schedule “SIS” requires that the remuneration, direct and by other means is required to be shown as to each director, irrespective of the amount thereof).

    Item 8. Bonus, Profit-Sharing and Other Remuneration Plans.

    If action is to be taken with respect to any bonus, profit-sharing, or other remuneration plan of the insurer, furnish the following information:

15. (a) A brief description of the material features of the plan, each class of persons who will participate therein, the approximate number of persons in each such class, and the basis of such participation.

16. (b) The amounts which would have been distributable under the plan during the last calendar year to

    1. (1) each person named in Item 7 of this Schedule,
    2. (2) directors and officers as a group, and
    3. (3) to all other employees as a group, if the plan had been in effect.

17. (c) If the plan to be acted upon may be amended (other than by a vote of stockholders) in a manner which would materially increase the cost thereof to the insurer or to materially alter the allocation of the benefits as between the groups specified in Paragraph (b) of this item, the nature of such amendments should be specified.

    Item 9. Pension and Retirement Plans.

    If action is to be taken with respect to any pension or retirement plan of the insurer, furnish the following information:

18. (a) A brief description of the material features of the plan, each class of persons who will participate therein, the approximate number of persons in each such class, and the basis of such participation.

19. (b) State

    1. (1) the approximate total amount necessary to fund the plan with respect to past services, the period over which such amount is to be paid, and the estimated annual payments necessary to pay the total amount over such period;
    2. (2) the estimated annual payment to be made with respect to current services;

    3. (3) the amount of such annual payments to be made for the benefit of

       1. (i) each person named in Item 7 of this Section,
       2. (ii) directors and officers as a group, and
       3. (iii) employees as a group.

20. (c) If the plan to be acted upon may be amended (other than by a vote of stockholders) in a manner which would materially increase the cost thereof to the insurer or to materially alter the allocations of the benefits as between the groups specified in subparagraph (b) (3) of this Item, the nature of such amendments should be specified.

    Item 10. Options, Warrants, or Rights.

    If action is to be taken with respect to the granting or extension of any options, warrants or rights (all referred to herein as “warrants”) to purchase stock of the insurer or any subsidiary or affiliate, other than warrants issued to all stockholders on a pro rata basis, furnish the following information:

21. (a) The title and amount of stock called for or to be called for, the prices, expiration dates and other material conditions upon which the warrants may be exercised, the consideration received or to be received by the insurer, subsidiary or affiliate for the granting or extension of the warrants and the market value of the stock called for or to be called for by the warrants, as of the latest practicable date.

22. (b) If known, state separately the amount of stock called for or to be called for by warrants received or to be received by the following persons, naming each such person:

    1. (1) each person named in Item 7 of this Schedule, and
    2. (2) each other person who will be entitled to acquire five percent or more of the stock called for or be called for by such warrants.

23. (c) If known, state also the total amount of stock called for or to be called for by such warrants, received or to be received by all directors and officers of the company as a group and all employees, without naming them.

    Item 11. Authorization or Issuance of Stock.

24. (1) If action is to be taken with respect to the authorization or issuance of any stock of the insurer furnish the title, amount and description of the stock to be authorized or issued.
25. (2) If the shares of stock are other than additional shares of common stock if a class outstanding, furnish a brief summary of the following, if applicable: dividend, voting, liquidation, preemptive, and conversion rights, redemption and sinking fund provisions, interest rate and date of maturity.

26. (3) If the shares of stock to be authorized or issued are other than additional shares of common stock of a class outstanding, the Commissioner may require financial statements comparable to those contained in the annual statement filed by the insurer with the Commissioner.

    Item 12. Mergers, Consolidations, Acquisitions and Similar Matters.

27. (1) If action is to be taken with respect to a merger, consolidation, acquisition or similar matter, furnish in brief outline the following information:

    1. (a) The rights of appraisal or similar rights of dissenters with respect to any matters to be acted upon. Indicate any procedure required to be followed by dissenting stockholders in order to perfect such rights.
    2. (b) The material features of the plan or agreement.
    3. (c) The business done by the company to be acquired or whose assets are being acquired.
    4. (d) If available, the high and low sales prices for each quarterly period within two years.
    5. (e) The percentage of outstanding shares which must approve the transaction before it is consummated.

28. (2) For each company involved in a merger, consolidation or acquisition, the following financial statements should be furnished:

    1. (a) A comparative balance sheet as of the close of the last two fiscal years.
    2. (b) A comparative statement of operating income and expenses for each of the last two years and, as a continuation of each statement, a statement of earning per share, after related taxes, and cash dividends paid per share.

    3. (c) A pro forma combined balance sheet and income and expenses statement for the last fiscal year giving effect to the necessary adjustments with respect to the resulting company.

       Item 13. Restatement of Accounts.

       If action is to be taken with respect to the restatement of any asset, capital, or surplus of the insurer, furnish the following information:

29. (a) State the nature of the restatement and the date as of which it is to be effective.
30. (b) Outline briefly the reasons for the restatement and for the selection of the particular effective date.

31. (c) State the name and amount of each account affected by the restatement and the effect of the restatement thereon.

    Item 14. Matters Not Required to Be Submitted.

    If action is to be taken with respect to any matter which is not required to be submitted to a vote of stockholders, state the nature of such matter, the reason for submitting it to a vote of stockholders and what action is intended to be taken by the management in the event of a negative vote on the matter by the stockholders.

    Item 15. Amendment of Charter, By-Laws, or Other Documents.

    If action is to be taken with respect to any amendment of the insurer's charter, by-laws or other documents as to which information is not required above, state briefly the reasons for and general effect of such amendment and the vote needed for its approval.

Item 1. Revocability of Proxy.

State whether or not the person giving the proxy has the power to revoke it. If the right or revocation before the proxy is exercised is limited or is subject to compliance with any formal procedure, briefly describe such limitation or procedure.

Item 2. Dissenters' Right of Appraisal.

Outline briefly the rights of appraisal or similar rights of dissenting stockholders with respect to any matter to be acted upon and indicate any statutory procedure required to be followed by such stockholders in order to perfect their rights. Where such rights may be exercised only within a limited time after the date of the adoption of a proposal, the filing of a charter amendment, or other similar act, state whether the person solicited will be notified of such date.

Item 3. Persons Making Solicitations Not Subject to Section 2680.11.

History

1. Change without regulatory effect adopting subarticle 1 heading, removing subject heading and amending Items 3 and 6 filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.0.52