---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-24-000095"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2024-08-09T23:59:59+00:00"
generated_at: "2026-05-31T10:20:10.398517+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# AXIS Capital adopts Executive Severance Plan for executive committee, CEO gets 1.5x multiple

## Summary
- Plan covers Executive Committee members and designated employees; replaces employment agreements over time.
- CEO severance: 1.5x base salary + target bonus (2x on change of control); other execs: 1x (1.5x on change of control).
- Equity awards continue vesting 12 months post-termination (full vesting on change of control); COBRA subsidy for 12 months.
- Participants must sign Confidentiality, Non-Interference, and Invention Assignment Agreement; no duplicate severance if existing agreement.
- Plan effective August 6, 2024; pro-rated bonus paid on change of control termination; 280G parachute payment cutback applies.

## SEC filing metadata
- accession: 0001214816-24-000095
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2024-08-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000095/0001214816-24-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000095/axs-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-24-000095
- JSON: https://secwatch.observer/filing/0001214816-24-000095.json
- Plain text: https://secwatch.observer/filing/0001214816-24-000095.txt

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