REINSURANCE GROUP OF AMERICA INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
America, Incorporated
Company President.
the title of President on such date. The Board also announced that
Executive Officer. On
director.
previously Executive Vice President, Head of
the Company in 1997 as Chief Actuary of
the Company's joint venture with the
2004,
responsible for all business activity in
he was appointed Senior Vice President,
overall management of the Company's
responsibility for the Company's
to provide executive leadership to EMEA,
new responsibilities as President.
Pursuant to an offer letter between the Company and
Letter") he will receive an annual salary of
increase to
continue to participate in the Company's Annual Bonus Plan ("ABP") and his
target bonus will be 150% of his annual salary as President, with potential
payouts under this award ranging from zero to
established in his role as President. Upon appointment to the role of Chief
Executive Officer, the Offer Letter provides that
increase to 175% of annual salary. The terms and conditions of the current ABP
were previously reported under "Compensation Discussion and Analysis" and
"Compensation Tables and Other Matters" in the Company's proxy statement on
Schedule 14A filed with the
(together with analogous disclosures in previous proxy statements for the
Company's annual meetings of shareholders, the "Compensation Disclosures").
The Offer Letter also provides that
the Company's long-term incentive program and his target award grant for 2023
will be
restricted stock units ("RSU") and stock appreciation rights ("SAR") in amounts
to be determined by the Board's Human Capital and
appointment to the role of Chief Executive Officer, the Offer Letter provides
that his long-term incentive program target will be
conditions of prior PCS, RSU and SAR awards were previously reported in the
Compensation Disclosures. The Company's future proxy statements will provide
descriptions of any changes to the Company's ABP, PCS, RSU and SAR awards.
--------------------------------------------------------------------------------
The Offer Letter terminates
Agreement") with a Company affiliate, effective upon his relocation to
Louis, Missouri
provides that
upon Board approval. The foregoing description of
provided in the Offer Letter does not purport to be complete and is qualified in
its entirety by reference to the Offer Letter, which is filed as Exhibit 10.1 to
this Current Report on Form 8-K (this "Current Report") and incorporated by
reference herein.
Directorship
There are no arrangements or understandings between
person pursuant to which he was appointed as a director. As described above,
herein. In addition to the compensation described in the Offer Letter,
has been granted incentive compensation awards and participates in certain
employee health and welfare benefit plans, all as described in the Compensation
Disclosures.
and is not expected to serve on any committees of the Board.
In connection with his appointment to the Board,
Directors' Indemnification Agreement with the Company effective
The form of Directors' Indemnification Agreement is filed as Exhibit 10.2 to
this Current Report and incorporated by reference herein.
Other than as described in this Current Report, the Company is not aware of any
transactions, or currently proposed transactions, to which the Company or any of
its subsidiaries was or is to be a participant since
the amount involved exceeds
direct or indirect material interest.
Item 7.01 Regulation FD Disclosure.
In a press release dated
Current Report as Exhibit 99.1, and the text of which is incorporated by
reference herein, the Company announced the organizational changes described in
the first paragraph of this Current Report.
The information in this Item 7.01 and the contents of Exhibit 99.1 will not be
deemed to be "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of
such section, nor will such information or exhibit be deemed incorporated by
reference in any filing under the Securities Act of 1933 or the Exchange Act,
except as may be expressly set forth by specific reference in such filing.
--------------------------------------------------------------------------------
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following documents are filed as exhibits to this report:
10.1Offer Letter , effectiveJanuary 3, 2023 , between the Company andTony Cheng . 10.2 Form of Directors' Indemnification Agreement, incorporated by reference to Exhibit 10.24 to the Company's Annual Report on Form 10-K for the fiscal year endedDecember 31, 2017 , filed onFebruary 27, 2018 (File No. 1-11848). 99.1 Press Release, datedJanuary 4, 2023 . EX-104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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