Corebridge Financial Enters Material Definitive Agreement
Ticker: CRBD · Form: 8-K · Filed: Mar 13, 2024 · CIK: 1889539
Sentiment: neutral
Topics: material-agreement
Related Tickers: CRBG
TL;DR
CRBG signed a big deal, details TBD.
AI Summary
On March 11, 2024, Corebridge Financial, Inc. entered into a Material Definitive Agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for Corebridge Financial, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.
Key Players & Entities
- Corebridge Financial, Inc. (company) — Registrant
- March 11, 2024 (date) — Date of earliest event reported
- March 13, 2024 (date) — Date of Report
FAQ
What is the nature of the Material Definitive Agreement entered into by Corebridge Financial?
The filing does not specify the nature of the Material Definitive Agreement.
Who is the counterparty to this Material Definitive Agreement?
The filing does not disclose the identity of the counterparty.
What is the effective date of this agreement?
The earliest event reported is March 11, 2024.
Are there any financial terms or obligations associated with this agreement disclosed in the filing?
No specific financial terms or obligations are disclosed in this filing.
Why is this agreement considered 'Material'?
The filing states it is a Material Definitive Agreement, implying it is significant to the company's business, but provides no further details on why.
Filing Stats: 511 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-03-13 16:45:37
Key Financial Figures
- $0.01 — common stock of the Company, par value $0.01 per share ("Common Stock") if such repu
Filing Documents
- crbg-20240311.htm (8-K) — 24KB
- 0001628280-24-010937.txt ( ) — 175KB
- crbg-20240311.xsd (EX-101.SCH) — 2KB
- crbg-20240311_def.xml (EX-101.DEF) — 15KB
- crbg-20240311_lab.xml (EX-101.LAB) — 26KB
- crbg-20240311_pre.xml (EX-101.PRE) — 15KB
- crbg-20240311_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On March 11, 2024, Corebridge Financial, Inc. (the "Company") entered into an Amendment and Waiver of Consent and Voting Rights (the "Amendment and Waiver") with American International Group, Inc. ("AIG") and certain affiliates of Argon Holdco LLC ("Argon") and Blackstone, Inc. ("Blackstone") that (i) amends the Stockholders Agreement, dated as of November 2, 2021, between the Company, AIG and Argon such that Argon shall have no right to consent to any repurchase of shares of common stock of the Company, par value $0.01 per share ("Common Stock") if such repurchase would result in Argon owning, of record, more than 9.9% of the then-outstanding Common Stock, provided that , no such repurchase will be permitted if it would result in Argon owning, of record, more than 14.9% of the then-outstanding Common Stock and (ii) waives the right of Argon, Blackstone and certain of their affiliates to vote or act by written consent with respect to any shares of Common Stock owned by them from time to time.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Corebridge Financial, Inc. Date: March 13, 2024 By: /s/ Christine Nixon Name: Christine Nixon Title: Executive Vice President and General Counsel