8-K/ALeadership Changes

CITIGROUP INC 8-K/A Report, Executive Changes (Feb 1, 2016)

Filed February 1, 2016For Securities:CC-PNC-PR

Summary

Citigroup Inc. (C) filed an amendment to its Form 8-K to provide updated information regarding committee assignments for two recently appointed directors, Ms. Ellen Costello and Ms. Renee James. This amendment clarifies their roles and ensures compliance with regulatory and stock exchange requirements for committee service. Specifically, Ms. Costello has been appointed to the Audit Committee, and Ms. James has been appointed to the Risk Management Committee and the Operations & Technology Committee. These appointments were effective immediately as of January 28, 2016. The company asserts that both directors meet all necessary qualifications for these roles. Additionally, Ms. Costello joined the Board of Directors of Citibank, N.A. on January 15, 2016, further integrating her into the company's governance structure.

Key Highlights

  • 1Amendment clarifies committee assignments for Directors Ellen Costello and Renee James.
  • 2Ms. Ellen Costello appointed to the Audit Committee.
  • 3Ms. Renee James appointed to the Risk Management Committee and the Operations & Technology Committee.
  • 4Appointments effective January 28, 2016.
  • 5Citigroup confirms directors meet all applicable requirements for committee service.
  • 6Ms. Ellen Costello joined the Board of Directors of Citibank, N.A. on January 15, 2016.
  • 7Filing addresses omissions from the original Form 8-K filed on December 18, 2015.

Frequently Asked Questions

This filing is an amendment to a previous Form 8-K. Its main purpose is to provide updated information regarding committee assignments for two of Citigroup's directors, Ms. Ellen Costello and Ms. Renee James, which were not fully detailed in the original filing.

Ms. Ellen Costello has been appointed to the Audit Committee. Ms. Renee James has been appointed to both the Risk Management Committee and the Operations & Technology Committee.

Yes, Ms. Ellen Costello also joined the Board of Directors of Citibank, N.A. on January 15, 2016, in addition to her committee assignments.

An amendment was necessary because, at the time of the original Form 8-K filing on December 18, 2015, the Board of Directors had not yet finalized the committee assignments for Ms. Costello and Ms. James. This amendment provides the complete and accurate information.