AMERICAN INTERNATIONAL GROUP, INC. (NYSE:AIG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March9, 2017, American International Group, Inc. (AIG)
announced that Peter D. Hancock, President, Chief Executive
Officer and director, informed the AIG Board of Directors of his
intention to resign. As part of the transition, Mr.Hancock will
remain as President, Chief Executive Officer and director of AIG
until a successor has been named. Mr.Hancocks transition
arrangements have not been finalized but will include benefits
consistent with a termination without cause under the AIG 2012
Executive Severance Plan as described in AIGs 2016 Proxy
Statement under the caption Potential Payments on Termination.
Section7 Regulation FD
| Item7.01. | Regulation FD Disclosure. |
On March9, 2017, AIG issued a press release announcing that Peter
D. Hancock, President, Chief Executive Officer and director,
informed the AIG Board of Directors of his intention to resign. A
copy of the press release is furnished as Exhibit 99.1 to this
Current Report on Form 8-K.
The information in Item 7.01 of this Current Report on Form 8-K,
including the exhibit hereto, shall not be deemed filed for the
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section.
Furthermore, Item 7.01 of this Current Report on Form 8-K,
including the exhibit hereto, shall not be deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended, or the Securities Exchange Act of 1934.
Section9 Financial Statements and Exhibits
| Item9.01. | Financial Statements and Exhibits. |
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(d) |
Exhibits. | |||
| 99.1 |
Press release of American International Group, Inc. dated March9, 2017 (furnished and not filed for purposes of Item7.01). |
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About AMERICAN INTERNATIONAL GROUP, INC. (NYSE:AIG)
American International Group, Inc. (AIG) is an insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in over 100 countries and jurisdictions. The Company operates through two segments: Commercial Insurance and Consumer Insurance, as well as a Corporate and Other category. Commercial Insurance has three operating segments: Property Casualty, Mortgage Guaranty and Institutional Markets. Commercial Insurance segment is a provider of insurance products and services for commercial and institutional customers. Consumer Insurance also has three operating segments: Retirement, Life and Personal Insurance. Consumer Insurance is a franchise that offers a portfolio of retirement, life insurance and property casualty products through multiple distribution networks. Corporate and Other includes the Company, as well as certain legacy assets and run-off insurance businesses. AMERICAN INTERNATIONAL GROUP, INC. (NYSE:AIG) Recent Trading Information
AMERICAN INTERNATIONAL GROUP, INC. (NYSE:AIG) closed its last trading session down -0.13 at 63.08 with 5,004,429 shares trading hands.