---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-031731"
form_type: "8-K"
ticker: "AFG"
cik: "0001042046"
company_name: "AMERICAN FINANCIAL GROUP INC"
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T15:57:53.528485+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Financial Group names John B. Berding President; enters new $450M credit facility

## Summary
- John B. Berding elected President of AFG, effective June 27, 2023; continues as President of AMMC and Board member.
- New five-year $450M unsecured revolving credit facility replaces prior facility; accordion feature allows increase to $700M.
- Berding receives one-time $2M restricted stock award that cliff-vests after four years.
- Former credit agreement terminated concurrently with new facility.

## SEC filing metadata
- accession: 0001140361-23-031731
- form_type: 8-K
- ticker: AFG
- cik: 0001042046
- company_name: AMERICAN FINANCIAL GROUP INC
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042046/000114036123031731/0001140361-23-031731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042046/000114036123031731/brhc20055021_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-031731
- JSON: https://secwatch.observer/filing/0001140361-23-031731.json
- Plain text: https://secwatch.observer/filing/0001140361-23-031731.txt

## Key facts
- Executive change
  John B. Berding changed role as President at AMERICAN FINANCIAL GROUP INC.
  - Action: promotion
  - Role: President
  source text: On June 27, 2023, the Company announced the promotion of John B. Berding to President of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042046/000114036123031731/0001140361-23-031731-index.htm
- Material Agreements
  AMERICAN FINANCIAL GROUP INC entered into Credit Agreement with Bank of America, N.A., as Administrative Agent, and several lenders valued at $450 million (effective 2023-06-27).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent, and several lenders
  - Value: $450 million
  - Effective: 2023-06-27
  source text: On June 27, 2023, American Financial Group, Inc. (the “Company”) entered into an amended and restated credit agreement (the “Credit Agreement”) with Bank of America, N.A., as Administrative Agent, and several lenders
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042046/000114036123031731/0001140361-23-031731-index.htm
- Material Agreements
  AMERICAN FINANCIAL GROUP INC terminated Former Credit Agreement (effective 2023-06-27).
  - Action: termination
  - Agreement: credit facility
  - Effective: 2023-06-27
  source text: As provided in Item 1.01 above, contemporaneously with entering into the Credit Agreement, the Former Credit Agreement was terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042046/000114036123031731/0001140361-23-031731-index.htm

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