On June 24, 2020, the Directors of Positive Physicians Holdings, Inc. and its wholly owned subsidiary, Positive Physicians Insurance Company (collectively referred to as the Company"), adopted a resolution to remove Daniel Payne from the position of Treasurer of the Company and appoint Donovan Augustin to serve as Treasurer of the Company. Mr. Augustin, age 44, joined the Company as Chief Financial Officer in October 2019.