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Jackson Financial (NYSE: JXN) director exits board as audit chair role shifts

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

Rhea-AI Filing Summary

Jackson Financial Inc. announced that director Gregory T. Durant resigned from its Board of Directors on June 22, 2026 for health reasons, effective immediately. The company states his resignation was not due to any disagreement with the company.

Durant had been chair and a member of the Board’s Audit Committee and a member of the Compensation Committee. Board chair Steven A. Kandarian has been appointed to replace him as Chair of the Audit Committee. The report also reiterates standard forward-looking statement cautions and highlights the company’s investor relations website and selected social media channels as regular sources of information.

Positive

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Insights

Board-level change as audit chair shifts, but framed as non‑adversarial.

Jackson Financial reports the immediate resignation of director Gregory T. Durant for health reasons. He held key oversight roles as chair of the Audit Committee and member of both that committee and the Compensation Committee, making this a notable governance adjustment.

The company explicitly states the resignation did not result from any disagreement, which aims to reassure stakeholders that no underlying dispute is driving the change. Board chair Steven A. Kandarian assumes the Audit Committee chair role, providing continuity from an experienced leader already serving as board chair.

The filing reiterates the company’s use of forward‑looking statements and directs readers to prior risk factor and MD&A disclosures in the latest Form 10‑K for the year ended December 31, 2025. It also emphasizes the investor relations website and certain social media channels as ongoing sources of potentially material information.

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 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Resignation date June 22, 2026 Date Gregory T. Durant notified the company of his resignation
Board service length five years Duration of Durant’s service on Jackson’s board referenced by the chair
10-K year referenced year ended December 31, 2025 Most recent Form 10-K cited for risk factors and MD&A
Audit Committee financial
"At the time of his resignation, Mr. Durant was chair, and a member, of the Board’s Audit Committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Compensation Committee financial
"and a member of the Board’s Compensation Committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
forward-looking statements regulatory
"The information in this report contains forward-looking statements about future events and circumstances"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Risk Factors regulatory
"include those reflected in Part I, Item 1A. Risk Factors and Part II, Item 7."
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
Management's Discussion and Analysis of Financial Condition and Results of Operations financial
"Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report"
A narrative section of a company's financial filing where executives explain the numbers, highlight what drove revenue, profit and cash flow changes, discuss risks and liquidity, and outline future outlook and plans. Think of it as management’s walkthrough of the company’s report card that adds context, explanations and judgments behind the raw figures — information investors use to assess quality of results, the likelihood of future performance, and the credibility of management’s guidance.
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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): June 22, 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 22, 2026, Gregory T. Durant notified Jackson Financial Inc. (the “Company”) that he was resigning from the Company’s Board of Directors for health reasons, effective immediately. At the time of his resignation, Mr. Durant was chair, and a member, of the Board’s Audit Committee and a member of the Board’s Compensation Committee. The resignation was not the result of any disagreement between Mr. Durant and the Company.

 

Acknowledging Mr. Durant’s valued service, Steven A. Kandarian, chair of the Board of Directors, said, “Greg’s remarkable career exemplifies a steadfast commitment to strong financial operations and governance. I greatly value his leadership, integrity, and thoughtful approach to oversight and am thankful for his service on the Jackson board over the last five years.”

 

Mr. Kandarian has been appointed to replace Mr. Durant as the Chair of the Audit Committee.

 

************

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 U.S. Securities and Exchange Commission (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.

 

WEBSITE INFORMATION

 

Visit investors.jackson.com to view information regarding Jackson Financial Inc. We routinely use our investor relations website 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
104   Cover Page Interactive Data File (the coverage page XBRL tags are embedded within the Inline XBRL Document).

 

 

 

 

SIGNATURES

 

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 thereunto duly authorized.

 

  JACKSON FINANCIAL INC.  
     
         
  By:   /s/ Carrie L. Chelko  
      Carrie L. Chelko  
      Executive Vice President and General Counsel  
Date: June 25, 2026        

 

 

 

FAQ

Why did Gregory T. Durant resign from Jackson Financial Inc.'s (JXN) board?

Gregory T. Durant resigned from Jackson Financial Inc.’s board on June 22, 2026 for health reasons. The company specifies that his resignation was not due to any disagreement with the company, helping clarify that no reported governance dispute triggered his departure.

What board roles did Gregory T. Durant hold at Jackson Financial Inc. (JXN)?

At the time of his resignation, Gregory T. Durant served as chair and a member of Jackson Financial Inc.’s Audit Committee and as a member of the Board’s Compensation Committee. These positions gave him significant oversight responsibilities for financial reporting and executive compensation.

Who is replacing Gregory T. Durant as Audit Committee chair at Jackson Financial (JXN)?

Board chair Steven A. Kandarian has been appointed to replace Gregory T. Durant as Chair of Jackson Financial Inc.’s Audit Committee. Kandarian already serves as chair of the Board of Directors, providing continuity in board leadership during this committee transition.

How does Jackson Financial Inc. (JXN) communicate important information to investors?

Jackson Financial Inc. points investors to its investor relations website at investors.jackson.com as a primary channel for key information. It also notes that SEC filings, press releases, conference calls, presentations, webcasts, and certain social media channels may contain material company communications.

What forward-looking statement cautions does Jackson Financial Inc. (JXN) provide?

Jackson Financial Inc. explains that statements not based on historical fact are forward-looking and subject to risks and uncertainties. It directs readers to risk factors and management’s discussion in its Form 10‑K for the year ended December 31, 2025 and other SEC reports for additional detail.

Filing Exhibits & Attachments

4 documents