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Subsequent Events
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Subsequent events have been evaluated for potential recognition and disclosure through the date financial statements were filed with the Securities and Exchange Commission. On January 28, 2025, the Company declared a quarterly dividend to common shareholders of $0.47 per share, which was paid on February 20, 2025 to shareholders of record as of February 10, 2025.
As previously disclosed, on February 20, 2025, Marcy D. Mutch notified the Company of her intention to retire as a full-time employee at the end of 2025 and to step down after a transition period as the Company’s Executive Vice President and Chief Financial Officer effective May 31, 2025. From May 31, 2025, until her planned retirement on December 31, 2025, Ms. Mutch is expected to serve as an executive advisor to the Company, assisting the Company with the transition to her announced successor, Deputy Chief Financial Officer David P. Della Camera. Thereafter, Ms. Mutch has agreed to serve as a consultant to the Company through December 31, 2026.
On February 24, 2025, the Company’s Chief Executive Officer appointed David P. Della Camera, the Company’s existing Deputy Chief Financial Officer, to succeed Ms. Mutch as the Company’s next Executive Vice President and Chief Financial Officer, beginning June 1, 2025.
No other events requiring recognition or disclosure were identified.