American Equity CAO steps down over unauthorized stock purchases, disclosure lapses

American National Group Inc.

CAO Dewayne Lummus ceased role effective Oct 4, 2023 for buying ~1,087 shares without pre-clearance and failing to disclose holdings.
Lummus moves to SVP, Finance at an AEL affiliate; will donate any gains from the shares.
CFO will directly lead the accounting function until a new principal accounting officer is appointed.
Audit and governance committees reviewed the policy violations before the change.

item 5.02

Executive movements

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Role change

Dewayne Lummus

Chief Accounting Officer

ANG-PD · American National Group Inc.

Effective: 2023-10-04
Filed: October 6, 2023, 7:59 PM ET

Effective October 4, 2023, Dewayne Lummus ceased to serve as the Chief Accounting Officer of American Equity Investment Life Holding Company (AEL) and will serve as Senior Vice President, Finance of an AEL affiliate.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dewayne Lummus changed role as Chief Accounting Officer at American National Group Inc..

Action: ceased to serve
Role: Chief Accounting Officer

Exact text from the filing

Effective October 4, 2023, Dewayne Lummus ceased to serve as the Chief Accounting Officer of American Equity Investment Life Holding Company (AEL) and will serve as Senior Vice President, Finance of an AEL affiliate.

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American National Group Inc. filing history →

Source: SEC EDGAR

accession 0001039828-23-000165

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