8-K
filed May 17, 2024, 7:59 PM ET
ticker AIG
CIK 0000005272
other material
confidence high
sentiment neutral
materiality 0.50
AIG eliminates two preferred stock series and announces 2024 annual meeting voting results
AMERICAN INTERNATIONAL GROUP, INC.
- Filed Certificates of Elimination for Participating Preferred Stock and Series A 5.85% Non-Cumulative Perpetual Preferred Stock.
- Adopted Restated Certificate of Incorporation removing all matters related to the two eliminated preferred stock series.
- Elected 10 directors including Paola Bergamaschi, James Cole Jr., and Peter Zaffino at the May 15, 2024 Annual Meeting.
- Advisory vote on named executive officer compensation passed with 364,287,679 for and 197,800,535 against.
- Shareholder proposals for independent board chair and director resignation by-law were both defeated by wide margins.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
AMERICAN INTERNATIONAL GROUP, INC.: Eliminated Participating Preferred Stock and Series A Preferred Stock and filed Restated Certificate of Incorporation (effective 2024-05-15).
- Change
- charter amendment
- Effective
- 2024-05-15
Exact text from the filing
On May 15, 2024, American International Group, Inc. (“AIG”) filed with the Secretary of State of the State of Delaware (i) a Certificate of Elimination to its Amended and Restated Certificate of Incorporation eliminating from the Amended and Restated Certificate of Incorporation all matters set forth in the Certificate of Designations of Participating Preferred Stock, par value $5.00 per share (“Participating Preferred Stock”), with respect to the Participating Preferred Stock (the “Certificate of Elimination of the Participating Preferred Stock”); (ii) a Certificate of Elimination to its Amended and Restated Certificate of Incorporation eliminating from the Amended and Restated Certificate of Incorporation all matters set forth in the Certificate of Designations of Series A 5.85% Non-Cumulative Perpetual Preferred Stock, par value $5.00 per share (“Series A Preferred Stock”), with respect to the Series A Preferred Stock (the “Certificate of Elimination of the Series A Preferred Stock”
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
AMERICAN INTERNATIONAL GROUP, INC. shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2024-05-15 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal 2 – Advisory Vote to Approve Named Executive Officer Compensation: The voting results were as follows: For Against Abstain Broker Non-Votes 364,287,679 197,800,535 3,038,434 29,133,246
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
AMERICAN INTERNATIONAL GROUP, INC. shareholders rejected Shareholder Proposal Requesting an Independent Board Chair Policy at the 2024-05-15 meeting.
- Outcome
- failed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal 4 – Shareholder Proposal Requesting an Independent Board Chair Policy: The voting results were as follows: For Against Abstain Broker Non-Votes 214,202,533 347,925,349 2,998,766 29,133,246
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
AMERICAN INTERNATIONAL GROUP, INC. shareholders approved Ratification of the Appointment of PricewaterhouseCoopers LLP to Serve as AIG’s Independent Auditor for 2024 at the 2024-05-15 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal 3 – Ratification of the Appointment of PricewaterhouseCoopers LLP to Serve as AIG’s Independent Auditor for 2024: The voting results were as follows: For Against Abstain Broker Non-Votes 562,880,858 30,042,955 1,336,081 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
AMERICAN INTERNATIONAL GROUP, INC. shareholders rejected Shareholder Proposal Requesting a Director Resignation By-Law at the 2024-05-15 meeting.
- Outcome
- failed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal 5 – Shareholder Proposal Requesting a Director Resignation By-Law: The voting results were as follows: For Against Abstain Broker Non-Votes 83,857,832 479,438,357 1,830,459 29,133,246
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
AMERICAN INTERNATIONAL GROUP, INC. shareholders approved Election of Directors at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal 1 – Election of Directors: The following individuals were elected to serve as directors until the 2025 Annual Meeting or upon the election and qualification of their successors.
View on SEC.gov
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