Moody’s Corporation (MCO) elects Assurant CEO Keith Demmings to its board
Rhea-AI Filing Summary
Moody’s Corporation elected Keith Demmings to its Board of Directors, effective November 1, 2026. Demmings, age 54, is President and Chief Executive Officer of Assurant, Inc. and has served on Assurant’s board since 2022, following nearly three decades in leadership roles across North America, Asia, Europe, and Latin America.
As a non-employee director, he will receive an annual cash retainer of $120,000 and, in November 2026, an annual restricted stock unit award valued at $230,000 under Moody’s 1998 Non-Employee Directors’ Stock Incentive Plan, vesting on the first anniversary of grant. The company states he was not selected pursuant to any arrangement with other persons, has no family relationships with directors or executive officers, and has no related party transactions reportable under Regulation S-K Item 404(a).
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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
Director effective date: November 1, 2026
Director cash retainer: $120,000 per year
Annual RSU award value: $230,000
+4 more
7 metrics
Director effective date
November 1, 2026
Effective date of Keith Demmings’s election to Moody’s Board of Directors
Director cash retainer
$120,000 per year
Annual cash retainer for Keith Demmings as a non-employee director, payable quarterly
Annual RSU award value
$230,000
Value of annual restricted stock unit award to be granted in November 2026
Senior Notes 2027 coupon
1.75%
Coupon rate on Moody’s 1.75% Senior Notes Due 2027 listed on NYSE
Senior Notes 2030 coupon
0.950%
Coupon rate on Moody’s 0.950% Senior Notes Due 2030 listed on NYSE
Employee count
approximately 16,000
Size of Moody’s workforce across more than 40 countries
Director age
54
Age of Keith Demmings at the time of election
Key Terms
restricted stock unit, Non-Employee Directors’ Stock Incentive Plan, Regulation FD, related party transactions, +1 more
5 terms
restricted stock unit financial
"he will receive an annual restricted stock unit award under the 1998 Moody’s Corporation"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Non-Employee Directors’ Stock Incentive Plan financial
"annual restricted stock unit award under the 1998 Moody’s Corporation Non-Employee Directors’ Stock Incentive Plan"
Regulation FD regulatory
"Item 7.01, “Regulation FD Disclosure” The Company’s press release announcing"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
Inline XBRL technical
"The cover page from this on , formatted in Inline XBRL (included as Exhibit 101)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board change did Moody’s Corporation (MCO) disclose in this 8-K?
Moody’s Corporation disclosed that Keith Demmings has been elected to its Board of Directors, effective November 1, 2026. Demmings is President and Chief Executive Officer of Assurant, Inc. and brings extensive global insurance and operating experience.
What compensation will Keith Demmings receive as a Moody’s (MCO) director?
Keith Demmings will receive an annual $120,000 cash retainer, paid quarterly, plus an annual restricted stock unit award valued at $230,000 in November 2026. The RSU award is based on the fair market value of Moody’s common stock on the grant date.
When does Keith Demmings’s equity award from Moody’s (MCO) vest?
The annual restricted stock unit award valued at $230,000 will vest on the first anniversary of the date of grant in November 2026. The award is granted under the 1998 Moody’s Corporation Non-Employee Directors’ Stock Incentive Plan.
What other securities of Moody’s Corporation (MCO) are listed on the NYSE?
Moody’s lists its common stock, par value $0.01 per share, and two series of senior notes: 1.75% Senior Notes Due 2027 (MCO 27) and 0.950% Senior Notes Due 2030 (MCO 30), all traded on the New York Stock Exchange.
How large is Moody’s (MCO) workforce as described in this disclosure?
Moody’s describes a diverse workforce of approximately 16,000 employees across more than 40 countries. The company highlights that its data, insights, and technologies aim to help customers understand interconnected risks and identify opportunities.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
__________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 11, 2026
(Exact Name of Registrant as Specified in Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
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Registrant’s telephone number, including area code: (212 ) 553-0300
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 each exchange on which registered | ||||||||||||
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. | ☐ | ||||
TABLE OF CONTENTS
ITEM 5.02 | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS | 3 | ||||||
ITEM 7.01 | REGULATION FD DISCLOSURE | 3 | ||||||
ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS | 3 | ||||||
SIGNATURES | 4 | |||||||
| EXHIBIT 99.1 | ||||||||
| EXHIBIT 104 | ||||||||
2
Item 5.02, “Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers”
On August 12, 2026, Moody’s Corporation (the “Company”) announced that Mr. Keith Demmings has been elected as a member of the Company’s Board of Directors, effective as of November 1, 2026. The Board of Directors has not yet determined the committee assignments of Mr. Demmings.
Mr. Demmings, 54, has served as President and Chief Executive Officer of Assurant, Inc. (“Assurant”), a publicly traded company that safeguards and services connected devices, homes, automobiles, and commercial equipment in partnership with the world’s leading brands, since January 2022, and has served on Assurant’s Board of Directors since that time. Prior to his appointment as Chief Executive Officer, Mr. Demmings served as President of Assurant from 2021 to 2022, where he had oversight of all operating segments, including Global Lifestyle and Global Housing. He previously served as Executive Vice President and President, Global Lifestyle from 2016 to 2021; Executive Vice President and President, Global Markets from 2015 to 2016; and as Executive Vice President and President, International, from 2013 to 2015, with responsibility for Assurant’s international operations across multiple regions.
Earlier in his career, Mr. Demmings served as President, Canada from 2005 to 2013, after joining the predecessor to Assurant in 1997 and progressing through roles of increasing responsibility across commercial and operating functions. Over his nearly three decades with the organization, he has led businesses across North America, Asia, Europe and Latin America, including responsibility for strategy, financial performance, and growth of international and domestic operations.
Mr. Demmings earned a Bachelor of Commerce degree from the University of Victoria.
In accordance with the Company’s director compensation plan for non-employee directors, Mr. Demmings will be paid an annual cash retainer of $120,000, payable in quarterly installments. In November 2026, he will receive an annual restricted stock unit award under the 1998 Moody’s Corporation Non-Employee Directors’ Stock Incentive Plan equivalent in value to $230,000 based on the fair market value of the Company’s common stock on the effective date of the grant, which award vests on the first anniversary of the date of grant.
A copy of the Company’s press release relating to Mr. Demmings's election as director is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in Exhibit 99.1 shall not be incorporated by reference into future filings under the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated by reference therein.
Mr. Demmings was not selected pursuant to any arrangement or understanding between him and any other person. Mr. Demmings has no family relationships with any of our directors or executive officers. There have been no related party transactions between the Company and Mr. Demmings reportable under Item 404(a) of Regulation S-K.
Item 7.01, “Regulation FD Disclosure”
The Company’s press release announcing Mr. Demmings's election is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01, “Financial Statements and Exhibits”
(d) Exhibits
99.1 | Press release dated August 12, 2026. | |||||||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101). | |||||||
3
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.
| MOODY'S CORPORATION | |||||
| By: | /s/ Elizabeth M. McCarroll | ||||
| Elizabeth M. McCarroll | |||||
| Managing Director, Corporate Governance, Securities and Corporate Secretary | |||||
Date: August 12, 2026
4
Via BusinessWire Global
Moody’s Corporation Elects Keith Demmings to Board of Directors
NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE:MCO) today announced that Keith Demmings has been elected to the Company’s Board of Directors, effective November 1, 2026.
Mr. Demmings, 54, currently serves as President and Chief Executive Officer of Assurant, Inc., a publicly traded company that safeguards and services connected devices, homes, automobiles, and commercial equipment in partnership with the world’s leading brands, a position he has held since January 2022. He has also served on Assurant’s Board of Directors since that time. Prior to his appointment as Chief Executive Officer, Mr. Demmings served as President of Assurant from 2021 to 2022, overseeing all operating segments, including Global Lifestyle and Global Housing. Earlier, he served as Executive Vice President and President, Global Lifestyle from 2016 to 2021, Executive Vice President and President, Global Markets from 2015 to 2016, and Executive Vice President and President, International, from 2013 to 2015, with responsibility for Assurant’s international operations across multiple regions. |  | ||||
Since joining the predecessor to Assurant in 1997, Mr. Demmings has held leadership positions of increasing responsibility, including President, Canada. Throughout his nearly three decades with the organization, he has led businesses across North America, Asia, Europe, and Latin America, with responsibility for strategy, financial performance, and growth across international and domestic operations. He earned a Bachelor of Commerce degree from the University of Victoria.
“We are pleased to welcome Keith to Moody’s Board of Directors,” said Vincent Forlenza, Chairman of Moody’s Corporation. “Keith’s proven leadership, global operating experience and deep insurance expertise will be a tremendous asset to the Board. As the insurance sector continues to play a critical role in helping businesses and communities manage risk, Keith’s perspective will complement Moody’s own focus on empowering customers with data, insights and solutions to navigate an increasingly complex world. We look forward to his contributions as Moody’s continues to drive innovation and long-term growth.”
ABOUT MOODY’S CORPORATION
In a world shaped by increasingly interconnected risks, Moody’s (NYSE:MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.
For Moody’s Investor Relations
Shivani Kak
Moody’s Corporation
+1.212.553.0298
shivani.kak@moodys.com
Shivani Kak
Moody’s Corporation
+1.212.553.0298
shivani.kak@moodys.com
For Moody’s Communications
Chris Cashman
Moody’s Corporation
+1.212.553.0729
chris.cashman@moodys.com
Chris Cashman
Moody’s Corporation
+1.212.553.0729
chris.cashman@moodys.com