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Arthur J. Gallagher (NYSE: AJG) lines up next accounting chief after veteran

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Arthur J. Gallagher & Co. (AJG) reports an upcoming leadership transition in its accounting function. On August 24, 2026, longtime Controller and Chief Accounting Officer, Richard C. Cary, age 63, notified the company that he plans to retire in 2028 and will step down as Controller, Chief Accounting Officer and principal accounting officer effective September 30, 2026. He has served as Controller since 1997 and Chief Accounting Officer since 2001 and will remain employed as Corporate Vice President - Accounting to support the transition through his expected retirement.

The company states that Mr. Cary’s planned retirement is not due to any disagreement regarding financial statements, internal control over financial reporting, operations, policies or practices. As part of succession planning, Kyle G. Koreyva, age 42, will become Controller, Chief Accounting Officer and principal accounting officer effective October 1, 2026. He joined Arthur J. Gallagher & Co. via the August 2025 acquisition of AssuredPartners and has held senior accounting and finance roles over the past 20 years, including serving as Vice President, Accounting at the company and previously as AssuredPartners’ Chief Accounting Officer. There are no changes to Mr. Koreyva’s compensation in connection with this role and no disclosable related-party transactions or family relationships with directors or executive officers.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Effective date stepping down September 30, 2026 Date Richard C. Cary will step down as Controller, Chief Accounting Officer and principal accounting officer
New role effective date October 1, 2026 Date Kyle G. Koreyva becomes Controller, Chief Accounting Officer and principal accounting officer
Expected retirement year 2028 Year of Richard C. Cary’s planned retirement after transition support
Richard C. Cary age 63 Age of the outgoing Controller and Chief Accounting Officer
Kyle G. Koreyva age 42 Age of the incoming Controller and Chief Accounting Officer
Service as Controller since 1997 Start of Richard C. Cary’s tenure as Controller
Service as Chief Accounting Officer since 2001 Start of Richard C. Cary’s tenure as Chief Accounting Officer
AssuredPartners acquisition date August 2025 Month and year Arthur J. Gallagher & Co. acquired AssuredPartners, through which Mr. Koreyva joined
principal accounting officer financial
"step down from his role as Controller and Chief Accounting Officer (and as the Company’s principal accounting officer)"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
internal control over financial reporting financial
"not due to any disagreement with the Company on any matter relating to the Company's financial statements, internal control over financial reporting"
Internal control over financial reporting is a company’s system of procedures and checks designed to make sure its financial statements are accurate and complete, like a set of guardrails and verification steps that catch mistakes or fraud before numbers are published. Investors care because strong controls make reported results more trustworthy, lower the risk of surprise restatements or regulatory problems, and give greater confidence when valuing the company or comparing it to peers.
succession planning financial
"In conjunction with this transition and consistent with the Company’s succession planning, Kyle G. Koreyva"
A company’s plan for identifying and preparing people to take over key roles when leaders leave, retire, or are unable to work. Like a sports team’s bench and playbook, it ensures someone ready can step in quickly so operations, strategy and investor confidence aren’t disrupted; investors watch it because solid succession planning reduces the risk of sudden leadership gaps that can hurt performance and stock value.
Item 404(a) of Regulation S-K regulatory
"there are no transactions involving Mr. Koreyva that require disclosure under Item 404(a) of Regulation S-K"
Chief Accounting Officer financial
"will succeed Mr. Cary as Controller and Chief Accounting Officer (and as the Company’s principal accounting officer)"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

FAQ

What executive leadership change did Arthur J. Gallagher & Co. (AJG) announce?
Arthur J. Gallagher & Co. announced that Richard C. Cary, its Controller, Chief Accounting Officer and principal accounting officer, will step down from these roles effective September 30, 2026, as part of a planned retirement expected to occur in 2028.

Who will become the new Chief Accounting Officer at AJG and when?
Kyle G. Koreyva, age 42, will succeed Richard C. Cary as Controller, Chief Accounting Officer and principal accounting officer of Arthur J. Gallagher & Co., effective October 1, 2026, as part of the company’s succession planning.

Will Richard C. Cary remain with Arthur J. Gallagher & Co. after stepping down?
Yes. After September 30, 2026, Mr. Cary will continue as Corporate Vice President - Accounting and will support the transition until his expected retirement in 2028.

Are there compensation changes for Kyle G. Koreyva in his new AJG role?
No. Arthur J. Gallagher & Co. states there are no changes to the compensation arrangements for Kyle G. Koreyva in connection with his assuming the role of Controller and Chief Accounting Officer.

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Understanding 8-K Material Events →
0000354190false00003541902026-08-242026-08-24

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
August 24, 2026
Date of Report: (Date of earliest event reported)
__________________________
ARTHUR J. GALLAGHER & CO.
(Exact name of registrant as specified in its charter)
__________________________
Delaware1-0976136-2151613
(State or other jurisdiction of
incorporation or organization)		(Commission
File Number)		(I.R.S. Employer
Identification Number)
2850 Golf Road, Rolling Meadows, Illinois 60008, (630) 773-3800
(Address, including zip code and telephone number, including area code, of registrant’s principal executive offices)
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 classTrading
Symbol(s)		Name of each exchange
on which registered
Common Stock, $1.00 par valueAJGNew 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. ☐


Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 24, 2026, Richard C. Cary, age 63, Controller and Chief Accounting Officer of Arthur J. Gallagher & Co. (the “Company”), notified the Company that he plans to retire in 2028 and step down from his role as Controller and Chief Accounting Officer (and as the Company’s principal accounting officer) effective September 30, 2026. Mr. Cary has served as the Company’s Controller since 1997 and as its Chief Accounting Officer since 2001. He will remain employed by the Company as Corporate Vice President - Accounting and will support the transition through his expected retirement in 2028. Mr. Cary’s planned retirement is not due to any disagreement with the Company on any matter relating to the Company's financial statements, internal control over financial reporting, operations, policies or practices.
In conjunction with this transition and consistent with the Company’s succession planning, Kyle G. Koreyva, age 42, will succeed Mr. Cary as Controller and Chief Accounting Officer (and as the Company’s principal accounting officer), effective October 1, 2026. Mr. Koreyva joined the Company as part of the Company’s acquisition of AssuredPartners in August 2025. He has held progressively senior accounting and finance roles over the past 20 years, most recently serving as the Company’s Vice President, Accounting and prior to the acquisition as AssuredPartners’ Chief Accounting Officer starting in June 2024. Prior to joining AssuredPartners, Mr. Koreyva served as Vice President, Finance and Divisional Chief Financial Officer of Westchester, a division of Chubb, from April 2020 to June 2024. Before then, Mr. Koreyva spent the first 14 years of his career with PricewaterhouseCoopers as an auditor in its assurance practice, including three years in its national office.
There are no changes to the compensation arrangements for Mr. Koreyva in connection with his assuming the role of Controller and Chief Accounting Officer. Mr. Koreyva has no family relationship with any director or executive officer of the Company, and there are no transactions involving Mr. Koreyva that require disclosure under Item 404(a) of Regulation S-K.


SIGNATURES
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.
ARTHUR J. GALLAGHER & CO.
Date: August 26, 2026By:/s/ Walter D. Bay
Walter D. Bay
Vice President, General Counsel and Secretary

Source: View Original Filing on SEC EDGAR

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