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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 1/30/23 American Int’l Group, Inc. 8-K:5,9 1/24/23 13:310K Davis Polk & … LLP 01/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 35K 2: EX-99.1 Miscellaneous Exhibit HTML 39K 3: EX-99.2 Miscellaneous Exhibit HTML 12K 8: R1 Cover HTML 50K 11: XML IDEA XML File -- Filing Summary XML 14K 9: XML XBRL Instance -- dp187861_8k_htm XML 22K 10: EXCEL IDEA Workbook of Financial Reports XLSX 8K 5: EX-101.DEF XBRL Definitions -- aig-20230124_def XML 75K 6: EX-101.LAB XBRL Labels -- aig-20230124_lab XML 104K 7: EX-101.PRE XBRL Presentations -- aig-20230124_pre XML 72K 4: EX-101.SCH XBRL Schema -- aig-20230124 XSD 15K 12: JSON XBRL Instance as JSON Data -- MetaLinks 27± 36K 13: ZIP XBRL Zipped Folder -- 0000950103-23-001387-xbrl Zip 36K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 30, 2023 ( i January 24, 2023)
| i AMERICAN INTERNATIONAL GROUP, INC. |
| (Exact name of registrant as specified in its charter) |
|
i 1-8787 |
||||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) |
(IRS Employer Identification No.) |
| i 10020 | ||
| (Address of principal executive offices) | (Zip Code) |
| Registrant’s telephone number, including area code: ( i 212) i 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:
Securities registered pursuant to Section 12(b) of the Act:
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).
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
C:
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 24, 2023, American International Group, Inc. (the “Company” or “AIG”) terminated Mark D. Lyons from his position as Interim Chief Financial Officer and Executive Vice President, Global Chief Actuary and Head of Portfolio Management of the Company, after the Company became aware that he violated his confidentiality/non-disclosure obligations to the Company. These violations were unrelated to the Company’s financial statements, financial reporting generally and related disclosure controls and procedures, or reserves.
In recognition of Mr. Lyons’ contributions to AIG since he joined the Company in 2018, the Compensation and Management Resources Committee of the Board of Directors of the Company (the “Board”) and the Board approved the Company’s entry into a settlement agreement with Mr. Lyons (the “Settlement Agreement”), pursuant to which the Company has agreed to pay Mr. Lyons an aggregate cash amount of $7.5 million, which will be paid in two equal installments on or before each of February 15, 2023 and February 15, 2024. The description of the Settlement Agreement set forth above is qualified in its entirety by the Settlement Agreement, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
On January 25, 2023, the Company appointed Sabra Purtill, age 60, to serve as the Company’s Interim Chief Financial Officer. Since April 2022, Ms. Purtill has served as Chief Investment Officer of Corebridge Financial, Inc. (formerly known as AIG’s Life and Retirement business). Prior to that, Ms. Purtill served as Executive Vice President and Chief Risk Officer of AIG from July 2021 and has previously served as AIG’s Deputy Chief Financial Officer, overseeing Treasury, Banking and Rating Agency Relations, Investor Relations, and Corporate Development. Prior to joining AIG in 2019, Ms. Purtill was with The Hartford Financial Services Group, Inc., where she served as Senior Vice President, Investor Relations & Treasurer. She was also Managing Director, Investor Relations & Communications, at Assured Guaranty Ltd. and, prior to that, was Senior Vice President at ACE Limited, now known as Chubb Limited.
On January 30, 2023, the Company appointed Turab Hussain to serve as the Company’s Interim Global Chief Actuary. Mr. Hussain has served as Chief Risk Officer of General Insurance at AIG since September 2021.
A copy of AIG’s related press release is attached as Exhibit 99.2 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 | Settlement Agreement and Release, dated January 29, 2023 |
| 99.2 | Press Release of American International Group, dated January 30, 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/ Michael W. Leahy | ||||
| Name: | Michael W. Leahy | ||||
| Title: | Senior Vice President & Deputy General Counsel | ||||
| DATE: | January 30, 2023 | ||||
C: C:
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 2/15/24 | None on these Dates | |||
| 2/15/23 | ||||
| Filed on: | 1/30/23 | |||
| 1/25/23 | ||||
| For Period end: | 1/24/23 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/14/24 American Int’l Group, Inc. 10-K 12/31/23 226:77M 5/05/23 American Int’l Group, Inc. 10-Q 3/31/23 133:44M 3/24/23 American Int’l Group, Inc. 424B2 2:868K Toppan Merrill/FA 3/23/23 American Int’l Group, Inc. 424B2 1:850K Toppan Merrill/FA 2/17/23 American Int’l Group, Inc. 10-K 12/31/22 198:69M |