8-K
filed December 1, 2022, 6:59 PM ET
ticker FG
CIK 0001934850
other material
confidence high
sentiment positive
materiality 0.75
FNF completes distribution of 15% of F&G; FG begins trading on NYSE, plans $100M annual dividend
F&G Annuities & Life, Inc.
- FNF distributed ~15% of F&G common stock to FNF shareholders; FNF retains ~85% ownership.
- F&G common stock began regular-way trading on NYSE on Dec 1, 2022 under ticker 'FG'.
- F&G AUM reached $42B as of Q3 2022, surpassing $50B target ahead of schedule, with $900M cumulative adjusted net earnings over nine quarters.
- F&G plans initial quarterly dividend of ~$25M/quarter (~$100M/year) starting 2023.
- Board expanded from 3 to 6 directors; William Foley, Douglas Ammerman, John Rood appointed.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John D. Rood was appointed as Director at F&G Annuities & Life, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
William P. Foley, II, Douglas K. Ammerman and John D. Rood were appointed to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William P. Foley, II was appointed as Director at F&G Annuities & Life, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
William P. Foley, II, Douglas K. Ammerman and John D. Rood were appointed to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Douglas K. Ammerman was appointed as Director at F&G Annuities & Life, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
William P. Foley, II, Douglas K. Ammerman and John D. Rood were appointed to the Board.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 1.0
F&G Annuities & Life, Inc.: Amended and restated the certificate of incorporation effective immediately prior to the Distribution.
- Change
- charter amendment
Exact text from the filing
the certificate of incorporation of F&G was amended and restated (the “Amended and Restated Certificate of Incorporation”)
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 1.0
F&G Annuities & Life, Inc.: Amended and restated the bylaws effective immediately prior to the Distribution.
- Change
- bylaw amendment
Exact text from the filing
the bylaws of F&G were amended and restated (the “Amended and Restated Bylaws”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 1.0
F&G Annuities & Life, Inc.: Adopted a code of business conduct and ethics effective as of the completion of the Separation and the Distribution.
- Change
- code of ethics
Exact text from the filing
In connection with the completion of the Separation and the Distribution, the Board adopted a code of business conduct and ethics (the “Code of Business Conduct and Ethics”) effective as of the completion of the Separation and the Distribution.
View on SEC.gov
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