FIDELITY Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02>
FIDELITY Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 22, 2017, Mr. Omar Asali, a director of Fidelity & Guaranty Life (the “Company”), notified the Company that he has decided that he will resign from the board of directors of the Company and its subsidiaries and all committees thereof effective as of 5:00 p.m. Eastern Time on April 14, 2017 (the “Effective Time”). Mr. Asali’s resignation was delivered in connection to the previously announced Transition Agreement between Mr. Asali and HRG Group, Inc., the Company’s parent company, to which Mr. Asali was expected to leave his position in the second half of fiscal 2017.>>Mr. Asali is leaving the Company to establish a private investment vehicle that will make long-term investments in private and public companies and not as a result of any disagreement with the Company or its subsidiaries.
About FIDELITY & GUARANTY LIFE (NYSE:FGL)
Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets. FGL’s principal products are deferred annuities (including fixed indexed annuity (FIA) contracts), immediate annuities and life insurance products. FGL markets products through its insurance subsidiaries, Fidelity & Guaranty Life Insurance Company (FGL Insurance) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance). It distributes and services primarily fixed rate annuities, including FIAs. The Company provides FIA’s for pre-retirement wealth accumulation and post-retirement income management. Its life insurance provides wealth protection and transfer opportunities through indexed universal life products. FIDELITY & GUARANTY LIFE (NYSE:FGL) Recent Trading Information
FIDELITY & GUARANTY LIFE (NYSE:FGL) closed its last trading session down -0.15 at 27.40 with 129,028 shares trading hands.
Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets. FGL’s principal products are deferred annuities (including fixed indexed annuity (FIA) contracts), immediate annuities and life insurance products. FGL markets products through its insurance subsidiaries, Fidelity & Guaranty Life Insurance Company (FGL Insurance) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance). It distributes and services primarily fixed rate annuities, including FIAs. The Company provides FIA’s for pre-retirement wealth accumulation and post-retirement income management. Its life insurance provides wealth protection and transfer opportunities through indexed universal life products. FIDELITY & GUARANTY LIFE (NYSE:FGL) Recent Trading Information
FIDELITY & GUARANTY LIFE (NYSE:FGL) closed its last trading session down -0.15 at 27.40 with 129,028 shares trading hands.