---
schema_version: "secwatch.filing_event.v1"
accession: "0000004977-23-000174"
form_type: "8-K"
ticker: "AFL"
cik: "0000004977"
company_name: "AFLAC INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:29:36.215100+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Aflac President and COO Frederick Crawford to retire Sept 30, 2024; transition to EVP in Jan 2024

## Summary
- Crawford steps down as President/COO Dec 31, 2023; becomes EVP Jan 1 through retirement.
- Annual base salary set at $997,500 from Oct 30, 2023 through Sept 30, 2024.
- Outstanding PBRS grants (43,479 shares from Feb 2022, 42,978 from Feb 2023) will vest on original schedule based on actual performance.
- No future equity grants; deferred compensation plan becomes fully vested on retirement date plus 15% 2023 contribution.
- Lump sum COBRA payment of $36,537 for 18 months of continued health coverage.

## SEC filing metadata
- accession: 0000004977-23-000174
- form_type: 8-K
- ticker: AFL
- cik: 0000004977
- company_name: AFLAC INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4977/000000497723000174/0000004977-23-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4977/000000497723000174/afl-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004977-23-000174
- JSON: https://secwatch.observer/filing/0000004977-23-000174.json
- Plain text: https://secwatch.observer/filing/0000004977-23-000174.txt

## Key facts
- Executive change
  Frederick J. Crawford retired as President and Chief Operating Officer at AFLAC INC.
  - Action: retired
  - Role: President and Chief Operating Officer
  source text: Mr. Crawford will retire from service as an employee of the Company on September 30, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4977/000000497723000174/0000004977-23-000174-index.htm
- Executive change
  Frederick J. Crawford was appointed as Executive Vice President at AFLAC INC.
  - Action: appointed
  - Role: Executive Vice President
  source text: Mr. Crawford will continue to serve as President and Chief Operating Officer of Aflac Incorporated through December 31, 2023, then serve as Executive Vice President of the Company from January 1, 2024 through his retirement date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4977/000000497723000174/0000004977-23-000174-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.