ATHENE HOLDING LTD. (TSE:ATH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ATHENE HOLDING LTD. (TSE:ATH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Departure of Directors or Certain Officers
As previously disclosed in the final prospectus to the registration statement of Athene Holding Ltd. (the “Company”) on Form S-1 (file number 333-211243) filed with the Securities and Exchange Commission, Guy H. Smith III, a named executive officer and former interim Chief Financial Officer of the Company, resigned from the Company and its subsidiaries, including in his capacity as the President of Athene USA Corporation, effective January 1, 2017 (the “Separation Date”).
In connection with his resignation, Mr. Smith and the Company entered into a letter agreement dated December 19, 2016 (the “Agreement”). The Agreement includes customary release and waiver provisions. Under the Agreement and subject to the terms and conditions set forth therein, the Company and Mr. Smith have agreed that Mr. Smith will receive his regular salary through the six-month period immediately following the Separation Date, a lump-sum cash payment of $322,121, which consists of his annual discretionary year-end bonus for 2016, and payment of earned and unused vacation time. Additionally, the Company agreed not to exercise the repurchase provisions applicable to certain of Mr. Smith’s vested equity shares in the Company for cash. In accordance with the terms of Mr. Smith’s previously granted equity compensation award agreements and the Company’s share incentive plans, all unvested equity awards shall be forfeited on the Separation Date except to the extent that such unvested shares are eligible to vest based on certain events that occur following separation in accordance with the terms of such awards.
Compensatory Arrangements of Certain Officers
Athene USA Corporation (“Athene USA”) has adopted and maintained the Athene Supplemental Executive Retirement Plan (“SERP”) for certain officers of Athene USA and its subsidiaries. On December 21, 2016, the Board of Directors of Athene USA approved the freezing of the SERP until further notice, effective December 31, 2016. As of January 1, 2017, no further deferrals under the SERP will be permitted, and all deferral elections previously made on 2017 annual salary payments will be revoked. Deferral elections relating to 2016 annual bonus payments, targeted for early 2017, will continue to be honored.

About ATHENE HOLDING LTD. (TSE:ATH)

Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada. Its segments are Light Oil, including the Company’s assets, liabilities and operating results for the exploration, development and production of unconventional oil, natural gas and natural gas liquids located in various regions in the province of Alberta, and Thermal Oil, including the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of northern Alberta. The Company’s principal properties include Kaybob and Placid asset areas located in northwestern Alberta and Hangingstone asset. The Company’s other asset areas include Dover West, Birch and Grosmont.

ATHENE HOLDING LTD. (TSE:ATH) Recent Trading Information

ATHENE HOLDING LTD. (TSE:ATH) closed its last trading session 00.00 at 1.95 with 870,166 shares trading hands.

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