INVESTMENT LIFE HOLDING COMPANY (NYSE:AEL) 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.
Equity Investment Life Holding Company (the Company) elected Brenda
J. Cushing to serve as a Class III director to fill the vacancy
created by the death of Harley A. Whitfield, Sr. The initial term
for Ms. Cushing will expire on the date of the Companys next Annual
Meeting of Shareholders. On that date, Ms. Cushing will stand for
election to the Board by the Companys shareholders for a term
expiring in 2018. Ms. Cushing has been appointed to the Audit
Committee of the Board. The Board has determined that Ms. Cushing
is independent under the corporate governance standards of the New
York Stock Exchange (the “NYSE”) and meets the applicable
standards of the NYSE and the Securities and Exchange Commission
for service on the Audit Committee.
consultant. From August 2014 to August 2015, Ms. Cushing served as
Executive Vice President and Chief Financial Officer of Athene
Holding Ltd., and from October 2013 to August 2014, Ms. Cushing
served as Executive Vice President and Chief Financial Officer of
Athene USA Corp., a subsidiary of Athene Holding. From 2008 until
its acquisition by Athene in 2013, Ms. Cushing served as Executive
Vice President and Chief Financial Officer of Aviva USA Corp. Ms.
Cushing has been involved in the insurance industry for over 20
years.
non-employee directors of the Company generally, which includes:
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$12,500 per quarter for Board service and $3,000 per quarter
for Audit Committee service; |
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$1,500 per meeting for attending meetings of the Board of
Directors, $1,000 per meeting if attended by phone and the meeting is otherwise an inperson meeting or $500 per meeting for telephonic meetings, plus reimbursement of expenses for attending such meetings; and |
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an annual equity grant under the Company’s 2013 Director
Equity and Incentive Plan, which typically is awarded in June. |
and any other person to which Ms. Cushing was elected to serve as a
director, and there are and have been no transactions, either since
the beginning of the Companys last fiscal year or currently
proposed, regarding Ms. Cushing required to be disclosed under Item
404(a) of Regulation S-K.
About INVESTMENT LIFE HOLDING COMPANY (NYSE:AEL)
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. Its target market includes the group of individuals aged 45 to 75 seeking to accumulate tax-deferred savings or create guaranteed lifetime income. The Company distributes through a range of distribution channels, including independent agents, broker/dealers, banks and registered investment advisors. Its product types include fixed index annuities, annual reset fixed rate annuities, multi-year fixed rate annuities and single premium immediate annuities. Its life insurance products include traditional ordinary and term, universal life and other interest-sensitive life insurance products. INVESTMENT LIFE HOLDING COMPANY (NYSE:AEL) Recent Trading Information
INVESTMENT LIFE HOLDING COMPANY (NYSE:AEL) closed its last trading session down -0.25 at 23.18 with 658,044 shares trading hands.
