Business Context and Reporting Period
This Form 8-K Current Report is filed by Aon plc, a global professional services firm incorporated in Ireland, on January 6, 2026. The report discloses a material corporate governance event regarding the departure of a senior executive.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive compensation and separation terms rather than periodic financial performance.
Material Changes
The primary material change is the formal separation of Eric Andersen, who previously transitioned to the role of Senior Advisor in March 2025. Under a Separation Agreement dated January 6, 2026, Mr. Andersen will depart the Company effective January 31, 2026.
Management Commentary, Risks, and Unusual Items
Separation Terms:
- Cash Compensation: Mr. Andersen will receive a cash lump sum equal to his 2025 target annual incentive.
- Equity Treatment:
- LPP 19 PSUs, 3x3PP PSUs, and Special PSUs will be forfeited without consideration.
- LPP 18 PSUs and 2023 ISP RSUs will vest in Q1 2026, disregarding continued employment conditions.
- 2025 ISP RSUs will vest no later than February 13, 2026.
- Conditions: Benefits are contingent upon Mr. Andersen's timely agreement to a general release of claims and compliance with the Separation Agreement.
Risks and Contingencies: The filing notes that the summary of the agreement is qualified by the full text of the Separation Agreement attached as Exhibit 10.1.
Investor Verification Checklist
- Verify the exact dollar value of the 2025 target annual incentive to be paid as a lump sum.
- Review Exhibit 10.1 (Separation Agreement) for specific definitions of equity award terms and vesting schedules.
- Confirm the effective date of departure (January 31, 2026) and any potential impact on leadership continuity.
- Check for any subsequent filings regarding the appointment of a successor to the Senior Advisor role.