false
0001822993
0001822993
2026-03-27
2026-03-27
0001822993
us-gaap:CommonStockMember
2026-03-27
2026-03-27
0001822993
JXN:DepositaryShareseachrepresentinga11000thInterestinashareofFixedRateResetNoncumulativePerpetualPreferredStockSeriesAMember
2026-03-27
2026-03-27
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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 27, 2026
Jackson
Financial Inc.
(Exact name of registrant as specified in its
charter)
| Delaware |
|
001-40274 |
|
98-0486152 |
(State or other jurisdiction of incorporation or
organization) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer Identification No.) |
1 Corporate Way,
Lansing,
Michigan |
|
|
|
48951 |
| (Address of principal executive
offices) |
|
|
|
(Zip Code) |
(517) 381-5500
(Registrant’s telephone number, including
area code)
N/A
(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 Class |
|
Trading
Symbol(s) |
|
Name of Exchange on Which Registered |
| |
|
|
|
|
| Common Stock, Par Value $0.01 Per Share |
|
JXN |
|
New
York Stock Exchange |
| |
|
|
|
|
| Depositary Shares, each representing a 1/1,000th interest in a share of Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A
|
|
JXN PRA |
|
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 8.01. Other Events.
On March 27, 2026, Jackson Financial Inc. (the “Company”
or “JFI”) filed with the U.S. Securities and Exchange Commission (the “SEC”), a prospectus supplement (the “Prospectus
Supplement”) relating to the resale of up to 4,715,554 shares of JFI’s common stock, $0.01 par value per share (the “Shares”),
by the selling securityholder identified in the Prospectus Supplement, or any of its pledgees, donees, assignees and successors-in-interest,
or collectively, the permitted transferees. The Prospectus Supplement was filed to supplement and amend the base prospectus dated January
17, 2025, which together form a part of the Company’s existing automatic shelf registration statement on Form S-3ASR (File No. 333-284340),
filed by the Company with the SEC on January 17, 2025, and effective upon that filing.
The filing of the Prospectus Supplement is not itself a sale of securities
by the selling securityholder and does not necessarily mean that the selling securityholder will choose to sell any shares of common
stock. If any shares of common stock are sold by the selling securityholder, the Company will not receive any proceeds from that sale.
The Company is filing this current report to provide the legal opinion
as to the validity of the shares of common stock covered by the Prospectus Supplement, which is attached hereto as Exhibit 5.1 and is
incorporated herein by reference.
SAFE HARBOR
The information
in this report contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses, and
business opportunities. Generally speaking, any statement in this report not based upon historical fact is a forward-looking statement.
Forward-looking statements can also be identified by the use of forward-looking or conditional words, such as “could,” “should,”
“can,” “continue,” “estimate,” “forecast,” “intend,” “look,” “may,”
“expect,” “believe,” “anticipate,” “plan,” “predict,” “remain,”
“future,” “confident,” and “commit” or similar expressions. In particular, statements regarding plans,
strategies, prospects, targets and expectations regarding the business and industry are forward-looking statements. They reflect expectations,
are not guarantees of performance and speak only as of the dates the statements are made. We caution investors that these forward-looking
statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those projected,
expressed, or implied. Other factors that could cause actual results to differ materially from those in the forward-looking statements
include those reflected in Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February
24, 2026, and elsewhere in the Company’s reports filed with the SEC. Except as required by law, Jackson Financial Inc. does not
undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements.
We routinely
use our investor relations website, at investors.jackson.com, as a primary channel for
disclosing key information to our investors. We may use our website as a means of disclosing material, non-public information and for
complying with our disclosure obligations. Accordingly, investors should monitor our investor relations website, in addition to following
our press releases, filings with the SEC, public conference calls, presentations, and webcasts. We and certain of our senior executives
may also use social media channels to communicate with our investors and the public about our Company and other matters, and those communications
could be deemed to be material information. The information contained on, or that may be accessed through, our website, our social media
channels, or our executives’ social media channels, is not incorporated by reference into and is not part of this report.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
|
Description |
| 5.1 |
|
Opinion of Skadden, Arps, Slate, Meagher & Flom LLP. |
| 23.1 |
|
Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.1). |
| 104 |
|
Cover Page Interactive Data File (the coverage page XBRL tags are embedded within the Inline XBRL Document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
|
JACKSON FINANCIAL INC. |
| |
|
|
| Date: March 27, 2026 |
By: |
/s/ Don W. Cummings |
| |
Name: |
Don W. Cummings |
| |
Title: |
Executive Vice President and Chief Financial Officer |