---
schema_version: "secwatch.filing_event.v1"
accession: "0001039828-23-000165"
form_type: "8-K"
ticker: "ANG-PD"
cik: "0001039828"
company_name: "American National Group Inc."
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:11:16.745682+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001039828-23-000165
- form_type: 8-K
- ticker: ANG-PD
- cik: 0001039828
- company_name: American National Group Inc.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039828/000103982823000165/0001039828-23-000165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039828/000103982823000165/ael-20231004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039828-23-000165
- JSON: https://secwatch.observer/filing/0001039828-23-000165.json
- Plain text: https://secwatch.observer/filing/0001039828-23-000165.txt

## Key facts
- Executive change
  Dewayne Lummus changed role as Chief Accounting Officer at American National Group Inc..
  - Action: ceased to serve
  - Role: Chief Accounting Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039828/000103982823000165/0001039828-23-000165-index.htm

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