Aflac EVP & Global CIO Eric M. Kirsch to retire March 2023; consulting agreement through March 2024

AFLAC INC

Eric M. Kirsch to retire as employee on March 31, 2023; will continue as EVP & Global CIO through Dec 31, 2022, then EVP through March 31, 2023.
Kirsch receives $725k annualized base salary during transition, $600k discretionary bonus for 2023 (target 200% of 2022 base for 2022 bonus), and $58k net retirement allowance.
Consulting agreement from April 1, 2023 to March 31, 2024 with $750k annual fee; includes confidentiality, non-compete, non-solicitation.
Employment agreements of COO Fred Crawford, CFO Max Broden, and GC Audrey Boone Tillman amended to narrow 'Good Reason' definition.

item 5.02

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Departed

Eric M. Kirsch

Executive Vice President, Global Chief Investment Officer and President of Aflac Global Investments

AFL · AFLAC INC

Effective: 2023-03-31
Filed: October 25, 2022, 7:59 PM ET

Pursuant to the terms of the LOA, Mr. Kirsch will retire from service as an employee of the Company on March 31, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Eric M. Kirsch departed as Executive Vice President, Global Chief Investment Officer and President of Aflac Global Investments at AFLAC INC.

Action: retire
Role: Executive Vice President, Global Chief Investment Officer and President of Aflac Global Investments

Exact text from the filing

Pursuant to the terms of the LOA, Mr. Kirsch will retire from service as an employee of the Company on March 31, 2023.

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AFLAC INC filing history →

Source: SEC EDGAR

accession 0000004977-22-000139

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