Business Context and Reporting Period
This Form 8-K Current Report was filed by American International Group, Inc. on March 9, 2020. The filing addresses corporate governance and management changes under Section 5, Item 5.02.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure: Jonathan Wismer, Deputy Chief Financial Officer and Chief Accounting Officer, will leave the Company effective March 31, 2020, to pursue other opportunities. He served as the principal accounting officer since August 6, 2018.
- Appointment: Elias F. Habayeb, currently Senior Vice President and Chief Financial Officer – General Insurance, was appointed as the new principal accounting officer effective March 9, 2020.
- New Role: Mr. Habayeb will now serve as Senior Vice President, Deputy Chief Financial Officer and Chief Accounting Officer, AIG, while retaining his role as Chief Financial Officer, General Insurance.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding financial performance. There are no arrangements or understandings between Mr. Habayeb and any other person regarding his selection. Any changes to Mr. Habayeb's compensation arrangements will be reflected in a future amendment to this report once determined.
Investor Verification Checklist
- Verify the effective date of Jonathan Wismer's departure (March 31, 2020).
- Confirm Elias F. Habayeb's new title and responsibilities as principal accounting officer.
- Monitor for future amendments regarding compensation changes for Mr. Habayeb.
- Note that this filing does not impact the Company's financial statements or liquidity position directly.