8-KLeadership ChangesExhibits & Filings

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (Jan 19, 2006)

Filed January 19, 2006For Securities:AIG

Summary

This Form 8-K filing by American International Group, Inc. (AIG) on January 19, 2006, primarily reports on significant changes in its board of directors and a key executive's departure. The company announced the election of two new directors, Fred H. Langhammer and Robert B. Willumstad, to its Board. Mr. Willumstad is also slated to join the Finance Committee, with further committee assignments to be determined. Concurrently, AIG disclosed the resignation of Donald P. Kanak, who served as Executive Vice Chairman and Chief Operating Officer, effective January 18, 2006. Mr. Kanak also resigned from his director position on the same date. The filing includes press releases detailing these appointments and Mr. Kanak's resignation, as well as his formal notice of termination of employment.

Key Highlights

  • 1AIG elected Fred H. Langhammer and Robert B. Willumstad as new members of its Board of Directors.
  • 2Robert B. Willumstad has been appointed to the Finance Committee.
  • 3Donald P. Kanak resigned from his positions as Executive Vice Chairman, Chief Operating Officer, and director.
  • 4Mr. Kanak's departure is framed as a termination of employment for 'Good Reason' as per his employment agreement.
  • 5The filing includes press releases and Mr. Kanak's termination notice as exhibits.

Frequently Asked Questions

AIG elected Fred H. Langhammer and Robert B. Willumstad as new directors to its Board of Directors on January 18, 2006.

Donald P. Kanak resigned from his roles as Executive Vice Chairman, Chief Operating Officer, and a director of AIG.

Mr. Kanak provided notice of the termination of his employment with AIG for 'Good Reason' pursuant to his Employment Agreement.

Yes, Robert B. Willumstad will serve on the Finance Committee. Additional committee assignments for both new directors will be determined later.