8-KMaterial AgreementsExhibits & Filings

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Material Agreement (May 16, 2005)

Filed May 16, 2005For Securities:AIG

Summary

This Form 8-K filing by AMERICAN INTERNATIONAL GROUP, INC. (AIG) on May 16, 2005, reports on a material definitive agreement entered into on May 10, 2005. Specifically, the company has entered into agreements with its board of directors regarding the advancement of expenses. This involves thirteen named directors, including prominent figures like M. Bernard Aidinoff and Carla A. Hills. The filing indicates that the form of agreement and a related undertaking letter are attached as exhibits. While the specifics of the financial arrangements are not detailed in the 8-K text itself, the act of formalizing expense advancement agreements with the board is a notable governance event. Investors should note this as an update on corporate policy and director arrangements.

Key Highlights

  • 1AIG entered into material definitive agreements with thirteen members of its Board of Directors on May 10, 2005.
  • 2The agreements relate to the advancement of expenses by AIG to its directors.
  • 3The filing names specific directors who are parties to these agreements, including M. Bernard Aidinoff, Marshall A. Cohen, Martin S. Feldstein, Carla A. Hills, and Frank G. Zarb.
  • 4The form of the agreement and a related undertaking letter are incorporated by reference as Exhibit 10.1.
  • 5This action signifies a formalization of expense support for AIG's board members.
  • 6The filing was made on May 16, 2005, under Section 1.01 of Form 8-K, concerning Material Definitive Agreements.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report that AIG has entered into material definitive agreements with members of its Board of Directors concerning the advancement of expenses.

The agreements are between AIG and thirteen of its Board of Directors members, including M. Bernard Aidinoff, Pei-yuan Chia, Marshall A. Cohen, William S. Cohen, Martin S. Feldstein, Ellen V. Futter, Stephen L. Hammerman, Carla A. Hills, Frank J. Hoenemeyer, Richard C. Holbrooke, George L. Miles, Jr., Morris W. Offit, and Frank G. Zarb.

The filing states the agreements are for the 'advancement of expenses' by AIG. While the specific nature of these expenses is not detailed in the provided text, such agreements typically cover costs associated with serving on the board, such as legal defense costs, indemnification, and potentially travel or meeting expenses.

The filing indicates that the form of the agreement and a related undertaking letter are attached as Exhibit 10.1 to this Current Report on Form 8-K. Investors can access this exhibit through the SEC's EDGAR database for more specific information.