Athene Holding Ltd. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Athene Holding Ltd. on April 2, 2021, covering events occurring on March 31, 2021. The filing discloses the appointment of a new senior executive officer and details the associated compensatory arrangements.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation details:
- Annual Base Salary: $350,000
- Target Bonus: 72% of annual base salary (prorated for 2021)
- Initial Equity Award: Valued at $250,000
- One-Time Long-Term Incentive Award: Valued at $150,000
- Relocation Reimbursement: Up to $50,000
Material Changes
On March 31, 2021, the Company appointed Sarah VanBeck as Senior Vice President, Corporate Controller and Principal Accounting Officer, effective April 12, 2021. This represents a change in the Company's principal accounting officer. The filing states there are no family relationships between Ms. VanBeck and any director or executive officer, and no undisclosed transactions requiring disclosure under Item 404(a) of Regulation S-K.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, risk factors, or management commentary regarding the Company's business outlook. It confirms that Ms. VanBeck will participate in standard employee benefits and that her appointment was not the result of any undisclosed arrangements.
Key Facts for Investor Verification
- Verify the effective date of Sarah VanBeck's appointment (April 12, 2021) and her prior tenure at National Life Group and AIG.
- Confirm the total initial compensation package value, including the $400,000 in equity/incentive awards and $50,000 relocation cap.
- Note that this filing does not contain updated financial results for the period ending March 31, 2021.