secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN INTERNATIONAL GROUP, INC. (AIG)
CIK:        0000005272
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0000950103-23-001387
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AIG terminates Interim CFO Mark Lyons for confidentiality breach; names replacements
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- Mark Lyons terminated as Interim CFO, EVP, Global Chief Actuary and Head of Portfolio Management after violating confidentiality obligations.
- Company pays Lyons $7.5M settlement in two installments ($3.75M by Feb 15, 2023; $3.75M by Feb 15, 2024).
- Sabra Purtill appointed Interim CFO; previously Chief Investment Officer of Corebridge Financial.
- Turab Hussain appointed Interim Global Chief Actuary; previously Chief Risk Officer of General Insurance at AIG.
- Violations unrelated to financial statements, financial reporting, disclosure controls or reserves.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5272/000095010323001387/0000950103-23-001387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5272/000095010323001387/dp187861_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-001387

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