{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-007556","form_type":"8-K/A","ticker":"AXS","cik":"0001214816","company_name":"AXIS CAPITAL HOLDINGS LTD","filed_at":"2023-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.097332+00:00","generated_at":"2026-06-20T07:04:32.654171+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"AXIS Capital details CEO severance: accelerated equity awards, $10.1M value","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-007556","json":"https://secwatch.observer/filing/0001104659-23-007556.json","markdown":"https://secwatch.observer/filing/0001104659-23-007556.md","text":"https://secwatch.observer/filing/0001104659-23-007556.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1214816/000110465923007556/0001104659-23-007556-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1214816/000110465923007556/tm234669d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T07:04:32.654171+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"73c19efd1f","claim":"Vincent Tizzio was appointed as Chief Executive Officer, President and Class III director at AXIS CAPITAL HOLDINGS LTD.","evidence_excerpt":"Vincent Tizzio has been appointed to succeed Albert Benchimol as Chief Executive Officer, President and Class III director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1214816/000110465923007556/0001104659-23-007556-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer, President and Class III director"}],"fact_type":"executive_change"},{"claim_id":"cc38b0aeab","claim":"Albert Benchimol departed as Chief Executive Officer, President and Class III director at AXIS CAPITAL HOLDINGS LTD.","evidence_excerpt":"the Company’s non-renewal of Mr. Benchimol’s employment agreement at the expiration of the contractual term triggers severance","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1214816/000110465923007556/0001104659-23-007556-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"non-renewed"},{"label":"Role","value":"Chief Executive Officer, President and Class III director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}