8-KLeadership ChangesExhibits & Filings

AMERICAN INTERNATIONAL GROUP, INC. 8-K Report, Executive Changes (Feb 20, 2025)

Filed February 20, 2025For Securities:AIG

Summary

American International Group, Inc. (AIG) announced a change to its Board of Directors with the appointment of Juan Perez, effective February 19, 2025. This appointment increases the Board's size from 11 to 12 directors, with Mr. Perez filling the newly created vacancy. The Board has confirmed Mr. Perez's independence according to New York Stock Exchange listing standards. His compensation will align with the existing program for independent directors. This board expansion and the addition of an independent director are the primary takeaways from this 8-K filing. Investors should note that there were no disclosed arrangements or understandings leading to Mr. Perez's appointment, nor any family relationships with existing directors or officers, suggesting a standard, independent addition to the board.

Key Highlights

  • 1Juan Perez appointed as a new director to the AIG Board, effective immediately (February 19, 2025).
  • 2The Board size has been increased from 11 to 12 directors.
  • 3Mr. Perez's appointment fills a newly created vacancy on the Board.
  • 4The Board has determined that Mr. Perez is an independent director based on NYSE listing standards.
  • 5Mr. Perez will receive compensation according to the established independent director compensation program.
  • 6No disclosed arrangements or understandings preceded Mr. Perez's appointment.
  • 7No family relationships exist between Mr. Perez and current AIG directors or executive officers.

Frequently Asked Questions

Juan Perez has been appointed as a new director to the American International Group, Inc. (AIG) Board. His appointment is effective immediately as of February 19, 2025. The filing does not specify his professional background beyond his independence, but his addition expands the board size and fills a newly created vacancy.

The appointment of Juan Perez increases the size of AIG's Board of Directors from 11 to 12 members. This suggests a strategic decision by the company to expand its oversight capacity.

Yes, the AIG Board of Directors has determined that Juan Perez is an independent director in accordance with the New York Stock Exchange listing standards.

Mr. Perez will participate in the standard compensation program for independent directors, as outlined in AIG's 2024 Notice of Annual Meeting and Proxy Statement.