Summary
MetLife Inc. (MET) filed an 8-K/A amendment on May 15, 2018, to its May 7, 2018, 8-K filing. The primary purpose of this amendment is to disclose an increase in John McCallion's annual base salary. Effective May 1, 2018, Mr. McCallion's base salary was raised by approximately $286,000 to a new rate of $700,000. This salary adjustment is directly tied to Mr. McCallion's new role as Executive Vice President, Chief Financial Officer, and Treasurer of MetLife Inc., a position he officially assumed on the same date. Investors should note this change in executive compensation as it reflects the company's commitment and valuation of its newly appointed CFO.
Key Highlights
- 1Amendment to a previous 8-K filing (filed May 15, 2018, amending May 7, 2018 report).
- 2Disclosure pertains to executive compensation and officer appointments.
- 3John McCallion's annual base salary increased by approximately $286,000.
- 4New annual base salary for John McCallion is $700,000.
- 5The salary increase is effective May 1, 2018.
- 6This change is in conjunction with his appointment as Executive Vice President and Chief Financial Officer and Treasurer.
- 7The appointment date for Mr. McCallion's new role was also May 1, 2018.