8-KOther Events

ALLSTATE CORP 8-K Report, Corporate Update (Mar 18, 2008)

Filed March 18, 2008For Securities:ALLALL-PJALL-PBALL-PHALL-PI

Summary

This 8-K filing from The Allstate Corporation reports the unfortunate passing of director James G. Andress on March 11, 2008. Mr. Andress had served as a long-standing member of the Board of Directors since 1993, holding significant roles including Chairman of the Audit Committee and membership on the Nominating and Governance Committee. His tenure made him the longest-serving director on the board. The company expressed deep regret over his loss, with Chairman Edward M. Liddy highlighting Mr. Andress's valuable contributions, judgment, wit, and wisdom over his nearly 15 years of service. While this is a significant personnel event for the company's governance, it is not expected to have an immediate material financial impact. Investors should note this change in board composition as part of their ongoing assessment of the company's leadership and oversight.

Key Highlights

  • 1Death of Director James G. Andress reported on March 12, 2008.
  • 2Mr. Andress was the longest-tenured director, serving since 1993.
  • 3He held key leadership positions, including Chairman of the Audit Committee.
  • 4Mr. Andress was also a member of the Nominating and Governance Committee.
  • 5Company leadership expressed deep respect and sorrow for the loss.
  • 6The filing is primarily an announcement of a director's passing and does not disclose financial information.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally announce the death of a director, James G. Andress, and to acknowledge his contributions and the impact on the company's board.

This filing does not disclose any direct financial information or indicate immediate material financial impacts. It is an announcement concerning a change in board membership due to a director's passing.

James G. Andress was a director of The Allstate Corporation since 1993, making him the longest-tenured director. He served as Chairman of the Audit Committee and was a member of the Nominating and Governance Committee.

The Audit Committee plays a crucial role in overseeing financial reporting, internal controls, and the audit process. The Nominating and Governance Committee is responsible for director nominations and corporate governance practices. Mr. Andress's leadership in these areas highlights his significant contribution to the company's oversight structure.