Chief Surveillance Officer Russell Brewer to retire Dec 31, 2022; will serve as Senior Advisor through transition

ASSURED GUARANTY LTD

Russell Brewer II resigns as Chief Surveillance Officer and executive officer effective Dec 31, 2021.
Remains employed as Senior Advisor to CEO from Jan 1, 2022 to retirement Dec 31, 2022.
Base salary unchanged during transition; eligible for cash and equity incentives for 2021 and 2022.
Unvested equity awards vest at retirement subject to performance conditions; includes non-compete and confidentiality covenants.
Separation agreement includes release of claims, non-solicitation, non-disparagement, and clawback provisions.

item 5.02

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Departed

Russell B. Brewer II

Chief Surveillance Officer

AGO · ASSURED GUARANTY LTD

Effective: 2021-12-31
Filed: January 4, 2022, 6:59 PM ET

Pursuant to the Separation Agreement, Assured Guaranty and Mr. Brewer mutually agreed that, effective December 31, 2021, he would resign his positions with the Company, including without limitation as Chief Surveillance Officer and as an executive officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Russell B. Brewer II resigned as Chief Surveillance Officer at ASSURED GUARANTY LTD.

Action: resigned
Role: Chief Surveillance Officer

Exact text from the filing

Pursuant to the Separation Agreement, Assured Guaranty and Mr. Brewer mutually agreed that, effective December 31, 2021, he would resign his positions with the Company, including without limitation as Chief Surveillance Officer and as an executive officer.

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Source: SEC EDGAR

accession 0001273813-22-000002

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