8-KLeadership ChangesExhibits & Filings

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (Feb 7, 2024)

Filed February 7, 2024For Securities:AIG

Summary

American International Group, Inc. (AIG) announced a change to its Board of Directors, appointing John (Chris) Inglis as a director effective March 1, 2024. This appointment will increase the size of the Board from 10 to 11 members, with Mr. Inglis filling the newly created vacancy. The company has confirmed that Mr. Inglis meets the independence criteria set by the New York Stock Exchange and AIG's own guidelines, ensuring continued governance standards. This change in board composition is a key governance update for investors. Mr. Inglis's independent status is significant as it suggests a commitment to objective oversight. Investors should note that while he will participate in the standard director compensation program, there are no special arrangements, and he has no reportable conflicts of interest or familial ties to existing management or directors, indicating a clean and standard addition to the board.

Key Highlights

  • 1John (Chris) Inglis appointed as a director, effective March 1, 2024.
  • 2Board size will increase from 10 to 11 directors.
  • 3Mr. Inglis is deemed an independent director under NYSE and AIG's guidelines.
  • 4No current committee assignments for Mr. Inglis.
  • 5Mr. Inglis will receive the standard compensation package for independent directors.
  • 6No undisclosed arrangements, family relationships, or material interests in transactions for Mr. Inglis.

Frequently Asked Questions

John (Chris) Inglis has been appointed as a new director to the AIG Board, effective March 1, 2024. The Board's size is being increased to accommodate his appointment, and he is considered an independent director.

The appointment of Mr. Inglis increases the total number of directors to 11. His designation as an independent director aligns with AIG's commitment to robust corporate governance, ensuring objective oversight by the Board.

No, AIG has stated that Mr. Inglis has no undisclosed arrangements, familial relationships with current directors or officers, nor any direct or indirect material interest in any transactions requiring disclosure under Regulation S-K.

Mr. Inglis will participate in the existing compensation program for independent directors, as previously disclosed in AIG's 2023 Notice of Annual Meeting and Proxy Statement.