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AIG exits Corebridge (NYSE: CRBD) board as stake falls to about 5%

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Corebridge Financial, Inc. reported that directors Rose Marie Glazer and Adam Burk resigned from its Board effective at the close of business on March 23, 2026. The company stated their resignations were not related to any disagreement over operations, policies, or practices.

The resignations follow Corebridge’s repurchase of common stock from American International Group, Inc. on February 17, 2026 at $30.42 per share for an aggregate of approximately $750 million, which reduced AIG’s ownership interest to about 5%. After this reduction, AIG’s right to designate Board members decreased and AIG then waived its remaining designation right, leading to the departure of its designees. The Board intends to reduce its size to eleven members from thirteen.

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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): March 23, 2026
Corebridge Financial, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-4150495-4715639
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)(IRS Employer
Identification No.)
2919 Allen Parkway, Woodson Tower,
Houston,Texas77019
(Address of Principal Executive Office)(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 classTrading
Symbol(s)
Name of each exchange on which registered
Common StockCRBGNew York Stock Exchange
6.375% Junior Subordinated NotesCRBDNew 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 March 23, 2026, each of Rose Marie Glazer and Adam Burk resigned as members of the Board of Directors (the Board) of Corebridge Financial, Inc. (the Company) effective as of the close of business on March 23, 2026. Their resignations were not related to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Ms. Glazer’s and Mr. Burk’s resignations follow: (a) the repurchase by the Company of its common stock from American International Group, Inc. (AIG), a Delaware corporation, on February 17, 2026, at a price of $30.42 per share for an aggregate purchase price of approximately $750 million (the Share Repurchase), which Share Repurchase decreased AIG’s ownership interest to approximately 5%, and the resulting decrease to one (1) from two (2) of the number of Board members that AIG has the right to designate (such reduction in the number of Board member designees, and the related resignation of an AIG designee from the Board, being subject to the approval of certain insurance regulators, which has been obtained) 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); and (b) the waiver by AIG on March 23, 2026 of its right under the Separation Agreement and the Amendment to designate any members of the Board, and the resulting decrease to zero (0) from one (1) of the number of Board members designated by AIG.

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 11, 2026 and incorporated by reference herein.

Following Ms. Glazer’s and Mr. Burk’s resignations, the Board intends to decrease the authorized number of Board members to eleven (11) from thirteen (13).



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:
March 24, 2026
By:/s/Jeannette N. Pina
Name:Jeannette N. Pina
Title:Deputy General Counsel and Secretary

FAQ

What board changes did Corebridge Financial (CRBD) disclose?

Corebridge Financial disclosed that Rose Marie Glazer and Adam Burk resigned from its Board effective March 23, 2026. The company noted their departures were not due to disagreements over operations, policies, or practices, and plans to reduce the Board size from thirteen members to eleven.

Why did AIG’s board representation at Corebridge Financial (CRBD) end?

AIG’s board representation ended after Corebridge repurchased common stock from AIG, reducing AIG’s ownership to about 5%. Following this, AIG waived its contractual right to designate any Board members, resulting in the resignation of its designees and ending its formal Board designation role.

What were the terms of Corebridge Financial’s stock repurchase from AIG?

Corebridge Financial repurchased its common stock from AIG on February 17, 2026 at a price of $30.42 per share, for an aggregate purchase price of approximately $750 million. This transaction decreased AIG’s ownership interest in Corebridge to about 5% of the company’s common stock.

Were the Corebridge Financial director resignations linked to disputes?

The company stated that the resignations of Rose Marie Glazer and Adam Burk were not related to any disagreement with Corebridge on operations, policies, or practices. Their departures were tied to changes in AIG’s ownership level and the end of AIG’s contractual rights to designate Board members.

How will Corebridge Financial’s Board size change after these resignations?

Following the resignations of Rose Marie Glazer and Adam Burk, Corebridge Financial’s Board intends to decrease its authorized number of directors to eleven from thirteen. This adjustment aligns Board size with the end of AIG’s right to designate directors after its reduced ownership stake.

What agreements governed AIG’s director designation rights at Corebridge Financial?

AIG’s director designation rights were governed by a Separation Agreement dated September 14, 2022, as amended on May 16, 2024. These agreements linked AIG’s ability to designate Board members to its ownership level, and AIG later waived its remaining designation right on March 23, 2026.

Filing Exhibits & Attachments

4 documents
Corebridge Financial Inc

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