Corebridge director resigns as AIG cuts stake by 32.6M shares

Rhea-AI Filing Summary

Corebridge Financial, Inc. reported that Christina Banthin resigned from its Board of Directors, effective as of the close of business on November 17, 2025. The company states that her resignation was not due to any disagreement regarding operations, policies, or practices.

The change follows American International Group, Inc.’s sale of 32,600,000 shares of Corebridge common stock on November 4, 2025, which reduced from three to two the number of Board members AIG is entitled to designate under an existing separation agreement and its amendment. After Ms. Banthin’s departure, the Board reduced its authorized size to thirteen directors from fourteen.

Insights

Corporate governance analyst

Director resignation aligns with AIG’s reduced board designation rights and is described as non‑contentious.

The company reports that Christina Banthin resigned from the Board effective November 17, 2025, and explicitly notes that her departure was not related to any disagreement over operations, policies, or practices. This framing suggests an orderly governance change rather than a dispute-driven exit.

The filing links the resignation to American International Group, Inc.’s sale of 32,600,000 shares of Corebridge common stock on November 4, 2025, which lowered AIG’s entitlement from three to two board designees under a separation agreement and its amendment. Following the resignation, the Board size was reduced from fourteen to thirteen directors, indicating that the company chose to shrink the board rather than immediately replace the AIG‑designated seat.

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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): November 14, 2025

Corebridge Financial, Inc.

(Exact name of registrant as specified in its charter)

Delaware						001-41504			95-4715639
(State or Other Jurisdiction of Incorporation)						(Commission File Number)			(IRS Employer Identification No.)
2919 Allen Parkway, Woodson Tower,
Houston,			Texas						77019
(Address of Principal Executive Offices)									(Zip Code)

Registrant’s telephone number, including area code: 1-877-375-2422

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 (see General Instruction A.2. below):

☐			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

CRBG

New York Stock Exchange

6.375% Junior Subordinated Notes

CRBD

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. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 14, 2025, Christina Banthin resigned as a member of the Board of Directors (the Board) of Corebridge Financial, Inc. (the Company) effective as of the close of business on November 17, 2025. Her resignation was not related to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Ms. Banthin’s resignation follows the sale by American International Group, Inc. (AIG), a Delaware corporation, of 32,600,000 shares of the Company’s common stock (Common Stock) on November 4, 2025 and the resulting decrease to two (2) from three (3) of the number of Board members that AIG has the right to designate pursuant to the Separation Agreement, dated as of September 14, 2022, between the Company and AIG (the Separation Agreement) as amended by that certain Amendment, dated as of May 16, 2024, by and between the Company and AIG (the Amendment). The foregoing description of the Separation Agreement and the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement and the Amendment, copies of which are filed as Exhibits 10.4 and 10.58, respectively, to the Company’s Annual Report on Form 10-K filed on February 13, 2025 and incorporated by reference herein.

Following Ms. Banthin’s resignation, the Board decreased the authorized number of Board members to thirteen (13) from fourteen (14).

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.

Corebridge Financial, Inc.

Date:

November 20, 2025

By:

/s/Jeannette N. Pina

Name:

Jeannette N. Pina

Title:

Deputy General Counsel and Secretary

FAQ

What board change did Corebridge Financial (CRBD) announce?

Corebridge Financial reported that Christina Banthin resigned from its Board of Directors, effective at the close of business on November 17, 2025.

Did Christina Banthin resign from Corebridge Financial over a disagreement?

No. The company states that Ms. Banthin’s resignation was not related to any disagreement regarding its operations, policies, or practices.

How is AIG involved in the Corebridge Financial (CRBD) board change?

Ms. Banthin’s resignation followed American International Group, Inc.’s sale of 32,600,000 shares of Corebridge common stock, which reduced AIG’s right to designate Board members from three to two under a separation agreement and its amendment.

What happened to the size of Corebridge Financial’s Board after the resignation?

After Ms. Banthin resigned, the Board reduced its authorized size from fourteen directors to thirteen.

Which agreements govern AIG’s board designation rights at Corebridge Financial?

AIG’s designation rights are governed by a Separation Agreement dated September 14, 2022, as amended by an Amendment dated May 16, 2024, both referenced in the company’s Form 10-K.