home · filing · 0001104659-23-007556
8-K/A filed January 27, 2023, 6:59 PM ET
ticker AXS
CIK 0001214816
leadership
confidence high
sentiment neutral
materiality 0.40
AXIS Capital details CEO severance: accelerated equity awards, $10.1M value
AXIS CAPITAL HOLDINGS LTD
CEO succession: Vincent Tizzio to replace Albert Benchimol at May 4, 2023 AGM; amendment details severance terms.
Benchimol's non-renewal triggers severance under Section 4(f): cash severance, health insurance, continued equity vesting.
Committee approved accelerated distribution of 50% of shares underlying unvested RSUs and PSUs as of Dec 31, 2023.
Estimated value of outstanding equity at Dec 31, 2023 is $10.1M, based on performance and stock price of $58.14.
Accelerated distribution intended to mitigate adverse tax consequences under IRC and align Benchimol with shareholder interests.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2023-05-04
Filed January 27, 2023, 6:59 PM ET
Vincent Tizzio has been appointed to succeed Albert Benchimol as Chief Executive Officer, President and Class III director
Effective 2023-05-04
Successor Vincent Tizzio
Filed January 27, 2023, 6:59 PM ET
the Company’s non-renewal of Mr. Benchimol’s employment agreement at the expiration of the contractual term triggers severance
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vincent Tizzio was appointed as Chief Executive Officer, President and Class III director at AXIS CAPITAL HOLDINGS LTD.
Action appointed
Role Chief Executive Officer, President and Class III director
Exact text from the filing
Vincent Tizzio has been appointed to succeed Albert Benchimol as Chief Executive Officer, President and Class III director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Albert Benchimol departed as Chief Executive Officer, President and Class III director at AXIS CAPITAL HOLDINGS LTD.
Action non-renewed
Role Chief Executive Officer, President and Class III director
Exact text from the filing
the Company’s non-renewal of Mr. Benchimol’s employment agreement at the expiration of the contractual term triggers severance
View on SEC.gov
Source: SEC EDGAR
accession 0001104659-23-007556
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