secwatch.observer — SEC 8-K summary
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Issuer:     ALLSTATE CORP (ALL)
CIK:        0000899051
Form:       8-K
Filed at:   2022-08-18T23:59:59+00:00
Accession:  0000899051-22-000059
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allstate names Jess Merten as CFO; Mario Rizzo becomes President, Property-Liability
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- Glenn Shapiro retires as President, Property-Liability effective Sept 30, 2022; receives $1.1M voluntary retirement payment.
- Mario Rizzo transitions from CFO to President, Property-Liability effective Sept 1; salary $850,000, incentive targets increased.
- Jess Merten succeeds Rizzo as CFO effective Sept 1; salary $765,000, target equity incentive 300% of salary.
- John Dugenske becomes President, Investments and Corporate Strategy effective Sept 1.
- Leadership changes are part of Allstate's purpose-driven strategy to improve auto insurance margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899051/000089905122000059/0000899051-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899051/000089905122000059/all-20220818.htm
  HTML page:      https://secwatch.observer/filing/0000899051-22-000059

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