American Equity Life Announces Executive Changes and Compensation

TL;DR

AEL names new Chief Legal Officer and updates CEO Bhalla's employment agreement with new comp details.

AI Summary

On April 8, 2024, American Equity Investment Life Holding Company announced changes in its executive compensation arrangements. The company appointed Michael J. Filer as Chief Legal Officer and General Counsel, effective April 8, 2024. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, Anant Bhalla, which includes specific compensation terms and performance-based incentives.

Why It Matters

This filing details significant changes in executive roles and compensation, which can impact investor confidence and the company's strategic direction.

Risk Assessment

Risk Level: medium — Changes in executive leadership and compensation can signal internal shifts or strategic realignments that may affect future performance.

Key Players & Entities

• American Equity Investment Life Holding Company (company) — Registrant
• Michael J. Filer (person) — Appointed Chief Legal Officer and General Counsel
• Anant Bhalla (person) — Chief Executive Officer
• April 8, 2024 (date) — Effective date of appointments and agreements

FAQ

Key Financial Figures

• $1 — ch registered Common stock, par value $1 AEL New York Stock Exchange Depos

Filing Documents

• tm2411672d1_8k.htm (8-K) — 27KB
• 0001104659-24-046789.txt ( ) — 245KB
• ael-20240408.xsd (EX-101.SCH) — 3KB
• ael-20240408_def.xml (EX-101.DEF) — 27KB
• ael-20240408_lab.xml (EX-101.LAB) — 36KB
• ael-20240408_pre.xml (EX-101.PRE) — 25KB
• tm2411672d1_8k_htm.xml (XML) — 6KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 8, 2024 AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY (Exact name of registrant as specified in its charter) Iowa 001-31911 42-1447959 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 6000 Westown Parkway West Des Moines , IA 50266 (Address of principal executive offices and zip code) ( 515 ) 221-0002 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $1 AEL New York Stock Exchange Depositary Shares, each representing a 1/1,000th interest in a share of 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A AELPRA New York Stock Exchange Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B AELPRB New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On Monday, April 8, 2024, Axel Andr, Executive Vice President and Chief Financial Officer of American Equity Investment Life Holding Company (the "Company"), notified the Company of his intention to resign from the Company for Good Reason pursuant to Mr. Andr's Amended and Restated Change in Control Agreement with the Company, dated as of July 4, 2023, on May 10, 2024, subject to and contingent upon the consummation of the merger contemplated by the Agreement and Plan of Merger, dated July 4, 2023, by and among the Company, Brookfield Reinsurance Ltd and the other parties thereto. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN EQUITY INVESTMENT LIFE HOLDING COMPANY Date: April 12, 2024 By: /s/ Erik H. Askelsen Erik H. Askelsen General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR