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LA JOLLA, Calif., Dec. 15, 2016 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (NASDAQ: PICO ) announced today that it has implemented a number of actions with respect to compensation arrangements...
As part of these changes, the board also approved changes to the Company's self-defined peer group, which will be further described in PICO's proxy statement for its 2017 Annual Meeting of Shareholders.
The board believes these new arrangements are fair to all parties, and are designed to provide long-term alignment with the interests of our shareholders. As with the revised Executive Bonus Plan, the NonEmployee Director Compensation Policy is designed to more closely align the board's compensation with actual shareholder returns.