Summary
This Form 8-K filing by MetLife, Inc. on April 28, 2008, reports on the retirement of three long-serving members from its Board of Directors: James R. Houghton, Helene L. Kaplan, and Charles M. Leighton. These retirements are in accordance with the company's established board retirement policy. The departure of these directors, including Mrs. Kaplan who had previously been granted a waiver from strict age-based retirement timelines, marks a transition in the composition of MetLife's board.
Key Highlights
- 1Three directors, James R. Houghton, Helene L. Kaplan, and Charles M. Leighton, retired from the MetLife, Inc. and Metropolitan Life Insurance Company Boards.
- 2The retirements were effective April 22, 2008.
- 3The retirements are in line with the company's Board of Directors' retirement policy.
- 4A specific waiver of the retirement policy was previously granted for Mrs. Helene L. Kaplan.
- 5The filing indicates a change in the board's membership structure.
Frequently Asked Questions
The main purpose of this 8-K filing is to officially report the retirement of three directors from MetLife's Board of Directors, effective April 22, 2008.
The retiring directors are James R. Houghton, Helene L. Kaplan, and Charles M. Leighton.
The directors are retiring in accordance with the company's Board of Directors' retirement policy.
Yes, the Board of Directors had previously waived the provisions of its retirement policy that would have typically required Mrs. Helene L. Kaplan to serve only until the annual meeting coincident with or immediately following her 72nd birthday.