secwatch.observer — SEC 8-K summary
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Issuer:     AXIS CAPITAL HOLDINGS LTD (AXS)
CIK:        0001214816
Form:       8-K/A
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001214816-23-000039
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1214816/000121481623000039/0001214816-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1214816/000121481623000039/axs-20221216.htm
  HTML page:      https://secwatch.observer/filing/0001214816-23-000039

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