8-KLeadership ChangesExhibits & Filings

ALLSTATE CORP 8-K Report, Executive Changes (Sep 18, 2017)

Filed September 18, 2017For Securities:ALLALL-PJALL-PBALL-PHALL-PI

Summary

This 8-K filing by Allstate Corp (ALL) on September 18, 2017, announces a change in its Board of Directors. Effective October 1, 2017, Gregg M. Sherrill was elected as a new director, increasing the Board's size to 11 members. Mr. Sherrill's appointment is a governance update and does not appear to be related to any immediate financial or operational changes within the company. Investors should note that Mr. Sherrill's compensation will follow the standard non-employee director compensation structure, with his equity award granted under the 2017 Equity Compensation Plan. An indemnification agreement is also expected to be executed. While this is a routine governance event, it signifies an addition to the leadership team overseeing the company's strategic direction.

Key Highlights

  • 1Allstate Corp elected Gregg M. Sherrill as a new director to its Board of Directors, effective October 1, 2017.
  • 2The size of the Board of Directors was increased to 11 members to accommodate the new director.
  • 3Mr. Sherrill's compensation will align with the company's standard compensation arrangements for non-employee directors.
  • 4His equity award will be granted under the 2017 Equity Compensation Plan for Non-Employee Directors.
  • 5Compensation will be prorated based on his start date.
  • 6An indemnification agreement is expected to be entered into with Mr. Sherrill.
  • 7A press release announcing the election is attached as an exhibit.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce the election of a new director, Gregg M. Sherrill, to Allstate Corp's Board of Directors and the corresponding increase in the Board's size.

The election of Gregg M. Sherrill as a director is effective October 1, 2017.

Mr. Sherrill's compensation will be consistent with Allstate's standard compensation for non-employee directors, prorated for his service commencement date, and will include an equity award under the 2017 Equity Compensation Plan.

No, this 8-K filing solely pertains to a corporate governance matter (director appointment) and does not provide information regarding changes in financial performance or strategic direction.