Corebridge Financial Files Proxy Statement Supplement

TL;DR

CRBG filed proxy docs, shareholders get more info for voting.

AI Summary

Corebridge Financial, Inc. filed a Definitive Additional Materials proxy statement on June 12, 2024. This filing relates to the company's proxy materials, indicating it's providing supplementary information to shareholders regarding a meeting or vote. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This filing provides shareholders with additional information relevant to upcoming corporate decisions, ensuring they have the necessary details to cast their votes responsibly.

Risk Assessment

Risk Level: low — This is a routine proxy filing, providing supplementary information to shareholders without introducing new financial risks.

Key Players & Entities

• Corebridge Financial, Inc. (company) — Registrant
• SAFG Retirement Services, Inc. (company) — Former company name
• 20240612 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — s of Corebridge common stock, par value $0.01 per share ("Common Stock") and therefor

Filing Documents

• ef20031028_defa14a.htm (DEFA14A) — 18KB
• 0001140361-24-029796.txt ( ) — 19KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 COREBRIDGE FINANCIAL, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 COREBRIDGE FINANCIAL, INC. SUPPLEMENT TO THE PROXY STATEMENT DATED APRIL 29, 2024 FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 21, 2024 This proxy statement supplement dated June 12, 2024 (the "Supplement") supplements the definitive proxy statement on Schedule 14A (the "2024 Proxy Statement") of Corebridge Financial, Inc. ("Corebridge" or "Company") dated April 29, 2024. The 2024 Proxy Statement was furnished to stockholders in connection with the solicitation of proxies on behalf of the Board of Directors of Corebridge (the "Board") for use at the Annual Meeting of Stockholders to be held on June 21, 2024 (the "Annual Meeting"), or at any postponed or reconvened meeting. Except as specifically supplemented by the information contained in this Supplement, all information set forth in the 2024 Proxy Statement continues to apply and should be considered in voting your shares. Withdrawal of Director Nominee As described in a Current Report on Form 8-K filed on June 10, 2024 by Corebridge with the Securities and Exchange Commission ("SEC"), on June 9, 2024, Christopher Schaper resigned as a member of the Board, effective immediately. Mr. Schaper served as a member of the Board pursuant to the Separation Agreement, dated as of September 14, 2022 and amended as of May 16, 2024 between American International Group, Inc. ("AIG") and Corebridge (the "Separation Agreement"). Accordingly, Mr. Schaper's name has been withdrawn from nomination for re-election to the Board. Following Mr. Schaper's resignation, the Board's size has been reduced to twelve directors. In connection therewith on June 9, 2024 AIG waived its right under the Separation Agreement, to include a majority of the candidates on each slate of candidates recommended by the Board to Corebridge's stockholders in connection with a meeting of stockholders. The remaining nominees named in the 2024 Proxy Statement will continue to stand for re-election at the Annual Meeting. Notwithstanding Mr. Schaper's withdrawal as a nominee for re-election to the Board, the Notice of Internet Availability of Proxy Materials and the proxy card made available with the 2024 Proxy Statement remain valid; however, any votes that are submitted with instructions to vote for Mr. Schaper will be disregarded. If you have already submitted your proxy or provided voting instructions, you do not need to take any action unless you wish to change your vote. Proxies already submitted by stockholders will remain valid and will be voted at the Annual Meeting, unless changed or revoked as described on page 90 of the 2024 Proxy Statement. Corporate Governance Developments On June 3, 2024, AIG sold 30,000,000 shares of Corebridge common stock, par value $0.01 per share ("Common Stock") and therefore, on such date, AIG ceased to beneficially own more than 50% of Corebridge's Common Stock (the "Majority Holder Threshold Date"). As a result, Corebridge is no longer a "controlled company" as defined by the New York Stock Exchange ("NYSE") Listed Company Manual and must comply with certain NYSE corporate governance standards, subject to applicable NYSE transition rules. Accordingly, on the Majority Holder Threshold Date, the Board established the Compensation and Management Development Committee and the Nominating and Corporate Governance Committee of the Board. A copy of each committee's charter is available on the Company's website in the InvestorsLeadership and GovernanceGovernance Documents section at www.corebridgefinancial.com. Pursuant to applicable NYSE transition rules, (i) the Compensation and Management Development Committee and the Nominating and Corporate Governance Committee are each required to have one independent director as of the Majority Holder Threshold Date, a majority of independent directors within 90 days of the Majority Holder Threshold Date and all independent directors within one year of the Majority Holder Threshold Date, and (ii) the Board must be composed of a majority of independent directors within one year of the Majority Holder Threshold Date. The members of the Compensation and Ma

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View this DEFA14A filing on SEC EDGAR