Robert Brackenbury joins Athene (ATH) board as independent director
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Athene Holding Ltd. announced that veteran pensions leader Robert Brackenbury has been appointed to its Board of Directors as an independent director, effective June 23, 2026. He is expected to enter into Athene’s standard director indemnification agreement and will be eligible for the company’s regular director compensation program as previously described in its Annual Report.
Brackenbury is the former Deputy Chief Investment Officer of the State of Michigan Retirement System, where he helped oversee more than $170 billion in pension and state trust fund assets. Athene, a retirement solutions company with $448 billion of total assets as of March 31, 2026, furnished a press release about the appointment as Exhibit 99.1 under Regulation FD.
Positive
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Negative
- None.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
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.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total assets: $448 billion
Pension and trust assets overseen: More than $170 billion
Series A preferred dividend rate: 6.35%
+4 more
7 metrics
Total assets
$448 billion
Athene total assets as of March 31, 2026
Pension and trust assets overseen
More than $170 billion
State of Michigan Retirement System assets overseen by Brackenbury
Series A preferred dividend rate
6.35%
Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A
Series B preferred dividend rate
5.625%
Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series B
Series D preferred dividend rate
4.875%
Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series D
Series E preferred dividend rate
7.75%
Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series E
Junior subordinated debenture coupon
7.250%
Fixed-Rate Reset Junior Subordinated Debentures due 2064
Key Terms
Perpetual Non-Cumulative Preferred Stock, Fixed-Rate Reset, Junior Subordinated Debentures, Regulation FD Disclosure, +2 more
6 terms
Perpetual Non-Cumulative Preferred Stock financial
"Depositary Shares, each representing a 1/1,000 th interest in a 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A"
Fixed-Rate Reset financial
"Depositary Shares, each representing a 1/1,000 th interest in a 7.75% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series E"
A fixed-rate reset is a feature of some bonds or preferred shares where the interest or dividend starts at a fixed rate for an initial period and then is re‑set at specific future dates to a new fixed rate based on market yields or a formula. It matters to investors because it combines the predictability of a fixed payment with periodic adjustments that reflect current interest rates, like a thermostat that keeps payments in line with prevailing market conditions and helps manage interest-rate risk.
Junior Subordinated Debentures financial
"7.250% Fixed-Rate Reset Junior Subordinated Debentures due 2064"
A junior subordinated debenture is a long-term loan a company issues to investors that sits low in the repayment order: holders get paid after most other creditors but usually before shareholders. Because it offers higher interest to compensate for greater risk, it can boost income for investors but also carries bigger chances of loss if the issuer faces financial trouble. Think of it as standing near the back of a line for repayment — you get a bigger reward but a smaller guarantee.
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure. On June 23, 2026, the Company issued a press release"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
indemnification agreement regulatory
"Mr. Brackenbury is expected to enter into a standard indemnification agreement with the Company"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
| 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): June 23, 2026
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1 (515 ) 342-4678
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| 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) | ||||||||||||||||||||||||||||||||||||||||||||
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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 June 23, 2026, Robert Brackenbury was appointed to the Board of Directors (“Board”) of Athene Holding Ltd. (the “Company”).
Mr. Brackenbury is expected to enter into a standard indemnification agreement with the Company, as more fully described under the caption “Other Related Party Transactions and Relationships” on page 217 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission on February 24, 2026 (the “Annual Report”). Mr. Brackenbury will also be eligible to receive director compensation from the Company as more fully described under the caption “Director Compensation” on pages 207 and 208 of the Annual Report.
There are no arrangements or understandings between Mr. Brackenbury and any person pursuant to which Mr. Brackenbury was selected as a director.
Item 7.01 Regulation FD Disclosure.
On June 23, 2026, the Company issued a press release announcing the appointment of Mr. Brackenbury to the Board. The press release is attached hereto as Exhibit 99.1.
The foregoing information, including the Exhibit referenced in Item 7.01, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing or document, except as shall be expressly set forth by specific reference in such a filing or document.
| Item 9.01 | Financial Statements and Exhibits. | ||||
| (d) | Exhibits | ||||
| 99.1 | Press release dated June 23, 2026 (furnished and not filed). | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
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.
| ATHENE HOLDING LTD. | ||||||||
| Date: | June 23, 2026 | /s/ Joseph B. Cohen | ||||||
| Joseph B. Cohen | ||||||||
| Executive Vice President and General Counsel | ||||||||
Robert Brackenbury Appointed to Athene Board of Directors Former Deputy CIO of State of Michigan Retirement System brings decades of experience overseeing retirement assets and institutional investment portfolios WEST DES MOINES, Iowa - June 23, 2026 – Athene Holding Ltd. (“Athene”), a leading retirement services company, today announced that it appointed veteran pensions leader Robert Brackenbury to the Athene Board of Directors as an independent director, effective June 23, 2026. Mr. Brackenbury most recently served as Deputy Chief Investment Officer of the State of Michigan Retirement System. During his tenure, he helped safeguard the retirement benefits of hundreds of thousands of Michigan public employees and retirees and oversaw the investment management of more than $170 billion in pension and state trust fund assets. Jim Belardi, Co-Founder, Executive Chairman, and Chief Investment Officer of Athene said, “Robert's distinguished career managing one of the largest public pension systems in the United States has given him exceptional insight into the elements that make guaranteed income possible. His experience managing retirement assets, navigating complex investment environments and serving the long-term interests of retirees will be a valuable addition to Athene's Board as we continue developing innovative retirement solutions for individuals and institutions globally.” Mr. Brackenbury said, “Athene has established itself as a leader in retirement services through its commitment to innovation, disciplined risk management and operational excellence. I am honored to join the Board and look forward to supporting the company’s continued growth and mission of helping individuals achieve financial security in retirement.” Prior to serving as Deputy Chief Investment Officer, Mr. Brackenbury held several senior leadership positions with the State of Michigan Retirement System. Earlier in his career, he served as a Michigan State Tax Tribunal judge and Assistant Attorney General. Mr. Brackenbury also served as a U.S. Army officer, both on active duty and in the U.S. Army Reserve. He currently serves on investment committees for community foundations in Michigan. Mr. Brackenbury holds a Bachelor of Science degree in mathematics and economics and a Master of Arts degree in economics from Eastern Michigan University, a Master of Business Administration degree from the University of Michigan Ross School of Business, and a Juris Doctor degree from Wayne State University Law School. He also completed the Senior Executives in State and Local Government Program at Harvard Kennedy School.
About Athene Athene is a leading retirement solutions company with $448 billion of total assets as of March 31, 2026, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit www.athene.com.
FAQ
What did Athene (ATH) announce in this Form 8-K filing?
Athene announced that Robert Brackenbury has been appointed to its Board of Directors as an independent director, effective June 23, 2026. The company also furnished a press release about the appointment as Exhibit 99.1 under Regulation FD Disclosure.
Who is Robert Brackenbury, the new Athene (ATH) board member?
Robert Brackenbury is a veteran pensions leader and former Deputy Chief Investment Officer of the State of Michigan Retirement System. He helped oversee investment management of more than $170 billion in pension and state trust fund assets during his tenure there.
Will Robert Brackenbury receive standard director compensation from Athene (ATH)?
Yes. Robert Brackenbury will be eligible to receive Athene’s standard director compensation, as described under “Director Compensation” in its Annual Report. He is also expected to enter into the company’s standard indemnification agreement for directors, consistent with existing board practices.
Are there any special arrangements behind Robert Brackenbury’s selection to Athene’s (ATH) board?
No. Athene states there are no arrangements or understandings between Robert Brackenbury and any person pursuant to which he was selected as a director. His appointment appears to be a straightforward board addition without disclosed side agreements or selection commitments.
How large is Athene (ATH) based on assets mentioned in this filing and release?
Athene reports $448 billion of total assets as of March 31, 2026. The company describes itself as a leading retirement solutions provider with operations in the United States, Bermuda, Canada, and Japan, focused on retirement income and savings products and institutional solutions.
What experience does Robert Brackenbury bring that is relevant to Athene (ATH)?
Robert Brackenbury brings decades of experience overseeing retirement assets and institutional investment portfolios, including managing more than $170 billion for the State of Michigan Retirement System. Athene highlights his insight into guaranteed income and long-term retirement obligations as valuable to its board.