VOYA FINANCIAL, INC. (NYSE:VOYA) 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 Compensatory Arrangements of Certain Officers

On February 22, 2017, Voya Financial, Inc. (the “Company”) made changes to the compensation arrangements of Alain M. Karaoglan, the Company’s Executive Vice President and Chief Operating Officer, and Christine Hurtsellers, CEO of the Company’s Investment Management business, each of whom is a named executive officer (as such term is defined in Item 402 of Regulation S-K) of the Company.

Mr. Karaoglan’s annual base salary has been increased, effective as of March 1, 2017, to $750,000, and Mr. Karaoglan’s target long-term incentive opportunity has been increased, effective beginning for 2017 performance, to 380% of his annual base salary (for a target long-term incentive opportunity of $2.85 million).

Ms. Hurtsellers’ target long-term incentive opportunity has been increased, effective beginning for 2017 performance, to 300% of her annual base salary (for a target long-term incentive opportunity of $1.8 million).

A description of the Voya Financial, Inc. 2014 Omnibus Employee Incentive Plan, under which long-term incentive awards are granted, is contained in the Company’s Definitive Proxy Statement on Schedule 14A, as filed with the Securities and Exchange Commission on June 16, 2014, under the captions “Compensation of Executive Officers—Compensation Discussion and Analysis—2013 Compensation—Annual Cash and Deferred Equity-Based Incentive Compensation”, “—Long-Term Equity-Based Incentive Compensation”, “—Critical Compensation and Other Policies”, and “—Summary of Plan—Voya Financial, Inc. 2014 Omnibus Employee Incentive Plan”, and such descriptions are hereby incorporated into this Item 5.02 by reference.

About VOYA FINANCIAL, INC. (NYSE:VOYA)

Voya Financial, Inc. is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions. The Retirement and Investment Solutions business provides products and services through three segments: Retirement, Annuities and Investment Management. The Insurance Solutions business provides its products and services through two segments: Individual Life and Employee Benefits. In addition, the Company also has Closed Blocks and Corporate segments. Closed Blocks consists of two segments, which it has placed in run-off: Closed Block Variable Annuity and Closed Block Other. Corporate segment includes its corporate activities, and corporate-level assets and financial obligations.

VOYA FINANCIAL, INC. (NYSE:VOYA) Recent Trading Information

VOYA FINANCIAL, INC. (NYSE:VOYA) closed its last trading session down -0.26 at 41.23 with 2,051,482 shares trading hands.