8-KThe WireRed Alert
Executive Change
Filed Sep 8, 2023 · 2y ago · Accession 0000950103-23-013440
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of report (Date of earliest event reported):
September 8, 2023 ( September 1, 2023 )
AMERICAN INTERNATIONAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
1-8787
13-2592361
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
1271 Avenue of the Americas
New York , New York
10020
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: ( 212 )
770-7000
____________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, Par Value $2.50 Per Share
AIG
New York Stock Exchange
4.875% Series A-3 Junior Subordinated Debentures
AIG 67EU
New York Stock Exchange
Depositary Shares Each Representing a 1/1,000 th Interest in a Share of Series A 5.85% Non-Cumulative Perpetual Preferred Stock
AIG PRA
New York Stock Exchange
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act
Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
Effective October 1, 2023, Lucy Fato,
Executive Vice President, General Counsel & Global Head of Communications and Government Affairs of American International Group,
Inc. (the “Company” or “AIG”), is transitioning from her current position to a Vice Chair position.
AIG and Ms. Fato have entered into an
agreement to memorialize certain terms regarding her transition of duties, including that Ms. Fato will receive (subject to her obligations
set forth in the agreement) annual target direct compensation for 2024 comprised of an annual base salary of $1,000,000, a 2024 short-term
incentive award of at least $1,750,000 and a target 2024 long-term incentive award of $3,300,000. Upon her termination of employment,
Ms. Fato will be eligible for the severance payments and benefits described in AIG’s 2023 Notice of Annual Meeting and Proxy Statement
filed with the Securities and Exchange Commission on March 29, 2023 (except that her outstanding stock options will remain outstanding
for their full scheduled term).
The foregoing description of the transition
agreement is qualified in its entirety by reference to the full text of the agreement, a copy of which will be filed as an exhibit to
the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2023.
A copy of AIG’s related press
release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01. Financial Statements and
Exhibits.
The
following exhibits are filed as a part of this Report.
Exhibit No.
Description
99.1
Press Release of American International Group, dated September 5, 2023.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
EXHIBIT
INDEX
Exhibit No.
Description
99.1
Press Release of American International Group, dated September 5, 2023.
104
Cover Page Interactive Data File (embedded within the Inline XBRL
document).
Signatures
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
AMERICAN INTERNATIONAL GROUP, INC.
By:
/s/ Prabha Sipi Bhandari
Name:
Prabha Sipi Bhandari
Title:
Senior Vice President, Deputy General Counsel and Corporate Secretary
DATE:
September 8, 2023
Filing details
- Ticker
- AIG
- CIK
- 5272
- Form type
- 8-K
- Filing date
- Sep 8, 2023
- Report date
- Sep 1, 2023
- Document
- dp199799_8k.htm
- Size
- 268 KB