{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-056427","form_type":"8-K","ticker":"ANG-PD","cik":"0001039828","company_name":"American National Group Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.986070+00:00","generated_at":"2026-06-02T23:46:01.616440+00:00","sec_items":["2.01","3.01","3.03","5.01","5.02","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Brookfield Reinsurance completes AEL acquisition for $56.50/share cash + stock","bullets":["Total consideration per share: $38.85 cash + 0.45464 BAM shares (valued at $17.65).","Aggregate consideration ~$2.46B cash and 28.8M BAM shares; AEL becomes wholly owned subsidiary.","AEL common stock to be delisted from NYSE effective May 3, 2024.","CEO Anant Bhalla ceases as officer; receives separation benefits plus $13.04M transaction incentive.","Post-closing plans: merge with American National Group and reincorporate in Delaware as American National Group Inc."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-056427","json":"https://secwatch.observer/filing/0001104659-24-056427.json","markdown":"https://secwatch.observer/filing/0001104659-24-056427.md","text":"https://secwatch.observer/filing/0001104659-24-056427.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/tm2413201d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:46:01.616440+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":"21d24d4a8a","claim":"Anant Bhalla resigned as Director at American National Group Inc..","evidence_excerpt":"each of David S. Mulcahy, Anant Bhalla, Joyce A. Chapman, Brenda J. Cushing, Michael E. Hayes, Douglas T. Healy, Robert L. Howe, William R. Kunkel, Alan D. Matula and Gerard D. Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"24aa107aed","claim":"Robert L. Howe resigned as Director at American National Group Inc..","evidence_excerpt":"each of David S. Mulcahy, Anant Bhalla, Joyce A. Chapman, Brenda J. Cushing, Michael E. Hayes, Douglas T. Healy, Robert L. Howe, William R. Kunkel, Alan D. Matula and Gerard D. Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"2c0f6dd733","claim":"Anant Bhalla departed as Chief Executive Officer at American National Group Inc..","evidence_excerpt":"Anant Bhalla ceased to be an executive officer of the Company as of the Effective Time.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be an executive officer"},{"label":"Role","value":"Chief Executive Officer"}]},{"claim_id":"37f605b9cb","claim":"Jon Bayer was appointed as Director at American National Group Inc..","evidence_excerpt":"the directors of Merger Sub in office immediately prior to the consummation of the Merger, comprising of Sachin Shah, Jon Bayer, Anne Schaumburg and Gregory Morrison, became the directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"407f891c02","claim":"Michael E. Hayes resigned as Director at American National Group Inc..","evidence_excerpt":"each of David S. Mulcahy, Anant Bhalla, Joyce A. Chapman, Brenda J. Cushing, Michael E. Hayes, Douglas T. Healy, Robert L. Howe, William R. Kunkel, Alan D. Matula and Gerard D. Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"46b995a754","claim":"William R. Kunkel resigned as Director at American National Group Inc..","evidence_excerpt":"each of David S. Mulcahy, Anant Bhalla, Joyce A. Chapman, Brenda J. Cushing, Michael E. Hayes, Douglas T. Healy, Robert L. Howe, William R. Kunkel, Alan D. Matula and Gerard D. Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"56b03c788f","claim":"Brenda J. Cushing resigned as Director at American National Group Inc..","evidence_excerpt":"each of David S. Mulcahy, Anant Bhalla, Joyce A. Chapman, Brenda J. Cushing, Michael E. Hayes, Douglas T. Healy, Robert L. Howe, William R. Kunkel, Alan D. Matula and Gerard D. Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"609fc5861c","claim":"Gregory Morrison was appointed as Director at American National Group Inc..","evidence_excerpt":"the directors of Merger Sub in office immediately prior to the consummation of the Merger, comprising of Sachin Shah, Jon Bayer, Anne Schaumburg and Gregory Morrison, became the directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"8a32395cc4","claim":"David S. 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Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"8fb793824a","claim":"Sachin Shah was appointed as Director at American National Group Inc..","evidence_excerpt":"the directors of Merger Sub in office immediately prior to the consummation of the Merger, comprising of Sachin Shah, Jon Bayer, Anne Schaumburg and Gregory Morrison, became the directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"9bd243ee8a","claim":"Alan D. Matula resigned as Director at American National Group Inc..","evidence_excerpt":"each of David S. Mulcahy, Anant Bhalla, Joyce A. Chapman, Brenda J. Cushing, Michael E. Hayes, Douglas T. Healy, Robert L. Howe, William R. Kunkel, Alan D. Matula and Gerard D. Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"a8a3f0fe57","claim":"Axel André resigned as other_named_officer at American National Group Inc..","evidence_excerpt":"Axel André delivered his notice of resignation to the Company on April 8, 2024 and his resignation will be treated as a resignation for Good Reason","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"}]},{"claim_id":"af1665ac21","claim":"Douglas T. 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Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"c3e95cbae7","claim":"Gerard D. Neugent resigned as Director at American National Group Inc..","evidence_excerpt":"each of David S. Mulcahy, Anant Bhalla, Joyce A. Chapman, Brenda J. Cushing, Michael E. Hayes, Douglas T. Healy, Robert L. Howe, William R. Kunkel, Alan D. Matula and Gerard D. Neugent, being all of the directors of the Company immediately prior to the Effective Time, resigned and ceased to be directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}]},{"claim_id":"de8c54a59d","claim":"Anne Schaumburg was appointed as Director at American National Group Inc..","evidence_excerpt":"the directors of Merger Sub in office immediately prior to the consummation of the Merger, comprising of Sachin Shah, Jon Bayer, Anne Schaumburg and Gregory Morrison, became the directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}]},{"claim_id":"d9c51bc786593075a9f96bf0ea6e9c8da09fc22a","claim":"American National Group Inc.: Articles of incorporation and bylaws amended and restated in connection with merger.","evidence_excerpt":"Pursuant to the terms of the Merger Agreement, at the Effective Time, the articles of incorporation and bylaws of the Company were amended and restated in substantially the form of the articles of incorporation and bylaws of Merger Sub as in effect immediately prior to the Effective Time","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}]},{"claim_id":"c6c6e65f1c6fa4c6b08e69b23393d21c423d3f9a","claim":"American National Group Inc. underwent a change of control involving Brookfield Reinsurance Ltd. for $2.46 billion in cash and 28,803,599 shares of BAM Class A Stock (closed 2024-05-02).","evidence_excerpt":"Shares not already held by Parent or its affiliates, and the Company became an indirect, wholly owned subsidiary of Parent. The aggregate Merger Consideration was approximately $2.46 billion in cash and 28,803,599 shares of BAM Class A Stock. Parent funded the Cash Consideration through cash on hand at the Parent and its subsidiaries. --- EX-99.1 (EXHIBIT 99.1)","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039828/000110465924056427/0001104659-24-056427-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Brookfield Reinsurance Ltd."},{"label":"Consideration","value":"$2.46 billion in cash and 28,803,599 shares of BAM Class A Stock"},{"label":"Closing","value":"2024-05-02"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}