Business Context and Reporting Period
This Form 8-K Current Report was filed by American International Group, Inc. (AIG) on November 12, 2008. The report addresses corporate governance changes rather than periodic financial performance.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report focused on personnel changes and does not contain financial statements or performance metrics.
Material Changes
The primary material change reported is the election of a new director to the Board of Directors.
Management Commentary and Governance
- Item 5.02: On November 12, 2008, the Board of Directors elected Dennis D. Dammerman as a Director of AIG.
- Committee Assignments: Mr. Dammerman was named to the Compensation and Management Resources Committee and the Finance Committee.
- Background: Mr. Dammerman is the Chairman of the Board of Directors of Discover Financial Services, Lead Director of Capmark Financial Group Inc., and a Director of BlackRock, Inc. He previously retired in 2005 as GE Vice Chairman of the Board and Executive Officer.
- Exhibits: A press release dated November 12, 2008, is attached as Exhibit 99.1.
Key Facts for Investor Verification
- Verify the specific responsibilities and voting rights of the newly elected director, Dennis D. Dammerman, within the Finance and Compensation committees.
- Confirm the full text of the press release (Exhibit 99.1) for any additional context regarding the board's strategic direction during this period.
- Note that this filing contains no financial data; investors must refer to the most recent 10-Q or 10-K for financial status.