8-KLeadership ChangesExhibits & Filings

ALLSTATE CORP 8-K Report, Executive Changes (Mar 10, 2016)

Filed March 10, 2016For Securities:ALLALL-PJALL-PBALL-PHALL-PI

Summary

This 8-K filing from Allstate Corporation on March 10, 2016, primarily announces the retirement of Judith P. Greffin, Executive Vice President and Chief Investment Officer, effective March 31, 2016. This transition marks the end of a significant tenure in a key leadership role responsible for the company's substantial investment portfolio. In conjunction with her retirement, Allstate has entered into a one-year consulting agreement with Ms. Greffin. This agreement ensures continuity and leverage of her expertise on investment-related matters post-retirement, for which she will receive a payment of $735,000. The agreement also includes standard clauses for non-solicitation, confidentiality, mutual releases, and non-disparagement, aiming to protect Allstate's interests during this transition period.

Key Highlights

  • 1Retirement of Judith P. Greffin, EVP and Chief Investment Officer, effective March 31, 2016.
  • 2Allstate has entered into a one-year consulting agreement with Ms. Greffin.
  • 3Ms. Greffin will provide consulting services on investment-related matters.
  • 4Allstate will pay Ms. Greffin $735,000 under the consulting agreement.
  • 5The agreement includes confidentiality, non-solicitation, and non-disparagement clauses.
  • 6The filing attaches the consulting agreement and a press release as exhibits.

Frequently Asked Questions

Judith P. Greffin, Executive Vice President and Chief Investment Officer of Allstate Insurance Company, is retiring. Her retirement is effective March 31, 2016.

Allstate has entered into a consulting agreement with Ms. Greffin, effective March 10, 2016. She will provide consulting services on investment-related matters for one year following her retirement.

Allstate will pay Ms. Greffin $735,000 for her consulting services, with payment due on or before April 15, 2016.

Yes, the agreement includes Ms. Greffin's commitment to non-solicitation and confidentiality covenants, as well as mutual releases and non-disparagement clauses.