AXIS Capital appoints Vincent Tizzio as CEO; employment agreement details disclosed

AXIS CAPITAL HOLDINGS LTD

Vincent Tizzio named CEO and President, effective May 4, 2023, succeeding Albert Benchimol.
Annual base salary of $1,000,000 with target annual bonus of 160% of base salary.
Promotional equity award of $2,700,000: 40% time-based RSUs and 60% performance-based PSUs.
Employment term through December 31, 2026, with automatic one-year renewals unless notice given.
Severance includes 1.5x base salary plus 1.5x target bonus; 2x each for change-in-control termination.

item 5.02 item 9.01

Executive movements

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Departed

Albert Benchimol

Chief Executive Officer, President and Class III director

AXS · AXIS CAPITAL HOLDINGS LTD

Effective: 2023-05-04
Successor: Vincent Tizzio
Filed: April 14, 2023, 7:59 PM ET

announced that Vincent Tizzio has been appointed to succeed Albert Benchimol as Chief Executive Officer, President and Class III director, effective as of the close of business on May 4, 2023

Appointed

Vincent Tizzio

Chief Executive Officer, President and Class III director

AXS · AXIS CAPITAL HOLDINGS LTD

Effective: 2023-05-04
Filed: April 14, 2023, 7:59 PM ET

announced that Vincent Tizzio has been appointed to succeed Albert Benchimol as Chief Executive Officer, President and Class III director, effective as of the close of business on May 4, 2023

Key facts

Extracted from this filing and checked against the source text.

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: succeeded
Role: Chief Executive Officer, President and Class III director

Exact text from the filing

announced that Vincent Tizzio has been appointed to succeed Albert Benchimol as Chief Executive Officer, President and Class III director, effective as of the close of business on May 4, 2023

View on SEC.gov

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

announced that Vincent Tizzio has been appointed to succeed Albert Benchimol as Chief Executive Officer, President and Class III director, effective as of the close of business on May 4, 2023

View on SEC.gov

AXIS CAPITAL HOLDINGS LTD filing history →

Source: SEC EDGAR

accession 0001214816-23-000039

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