Summary
Aflac Inc. (AFL) filed an 8-K on February 12, 2018, to disclose an update regarding a Special Litigation Committee (SLC) investigation. The company has made available the second report from the SLC, which is comprised of independent Board members, addressing allegations made by a group of independent sales contractors. This disclosure follows a previous report released on January 16, 2018, and is part of Aflac's commitment to transparency regarding these matters. Furthermore, the company announced that new, related allegations were raised by the same sales contractors on January 31, 2018. These will also be investigated by the SLC, and a third report is anticipated upon the completion of this additional investigation. Investors should note that the company's filings contain forward-looking statements, and actual results could differ materially due to various risks and uncertainties, including the ongoing litigation and the scope and timing of the SLC's investigations.
Key Highlights
- 1Aflac has released the second report of its Special Litigation Committee (SLC) regarding allegations from independent sales contractors.
- 2The SLC is composed of independent Board members, underscoring the board's oversight of the investigation.
- 3The company has committed to making the SLC reports available on its investor relations website.
- 4New, related allegations were raised by the same sales contractors on January 31, 2018.
- 5Aflac expects to release a third report from the SLC upon completion of the investigation into the new allegations.
- 6The company reminds investors that forward-looking statements are subject to risks and uncertainties.