Mercury General (MCY) Proxy filing summary

Executive summary

• Annual Meeting scheduled for May 13, 2026, to elect nine directors, approve executive compensation, and ratify KPMG LLP as auditor.

• Record date for voting is March 16, 2026, with 55,388,627 shares outstanding, each entitled to one vote.

• Shareholders may vote by proxy, in person, by phone, or online; cumulative voting is possible if properly noticed.

Voting matters and shareholder proposals

• Shareholders will vote on electing nine directors, an advisory say-on-pay for executive compensation, and ratification of KPMG LLP as auditor.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the next annual meeting must be received by December 1, 2026 (Rule 14a-8) or January 13, 2027 (other proposals).

Board of directors and corporate governance

• Board consists of nine directors, with a majority deemed independent under NYSE standards.

• Board committees include Audit, Compensation, Nominating/Corporate Governance, and Investment, each with defined charters and independent members.

• Lead independent director coordinates non-management director activities.

• Board and committees met regularly in 2025, with all directors attending at least 75% of meetings.

• Corporate governance documents and code of ethics are available on the company website.