Deanna Strable becomes board chair at Principal (NASDAQ: PFG)

Rhea-AI Filing Summary

Principal Financial Group, Inc. announced a leadership change in its boardroom. The Board of Directors elected Deanna D. Strable, currently the company’s President, Chief Executive Officer and a board member, to also serve as Chair of the Board, effective September 2, 2025.

On that date, Daniel J. Houston, the current Executive Chairman and former President and Chief Executive Officer, will conclude his service on the Board. The company also issued a news release describing these changes, which is referenced in the document.

8-K Event Classification

2 items: 5.02, 9.01

2 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 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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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: August 17, 2025

(Date of earliest event reported)

PRINCIPAL FINANCIAL GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-16725	42-1520346
(State or other jurisdiction	(Commission file number)	(I.R.S. Employer
of incorporation)		Identification Number)

711 High Street, Des Moines, Iowa 50392

(Address of principal executive offices)

(515) 247-5111

(Registrant’s telephone number, including area code)

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
Common Stock	PFG	Nasdaq Global Select Market

¨ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§203.405 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 August 17, 2025, the Board of Directors (the “Board”) of Principal Financial Group, Inc. (the “Company”) elected Deanna D. Strable, the Company’s President, Chief Executive Officer and a member of the Board, to the additional position of Chair of the Board, effective September 2, 2025. At that time, Daniel J. Houston, the Company’s current Executive Chairman and former President and Chief Executive Officer, will conclude his service on the Board.

A copy of the news release announcing Ms. Strable’s election as Chair and Mr. Houston’s conclusion of service on the Board is attached as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.		Description
99.1		New Release of the Company issued on August 19, 2025.
104		Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document (contained in Exhibit 101).

SIGNATURE

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 thereunto duly authorized.

PRINCIPAL FINANCIAL GROUP, INC.

	By:	/s/ Christopher Agbe-Davies
	Name:	Christopher Agbe-Davies
	Title:	Vice President, Associate General Counsel and Assistant Secretary

Date:    August 19, 2025

FAQ

What leadership change did Principal Financial Group (PFG) announce?

Principal Financial Group announced that Deanna D. Strable, its President, Chief Executive Officer and current board member, has been elected to the additional role of Chair of the Board, effective September 2, 2025.

What is happening to Daniel J. Houston’s role at Principal Financial Group (PFG)?

Daniel J. Houston, the current Executive Chairman and former President and Chief Executive Officer, will conclude his service on the Board effective September 2, 2025.

When will Deanna D. Strable become Chair of the Board at Principal Financial Group (PFG)?

Deanna D. Strable will assume the role of Chair of the Board on September 2, 2025.

What positions does Deanna D. Strable hold at Principal Financial Group (PFG)?

Deanna D. Strable serves as President, Chief Executive Officer, and a member of the Board, and she has been elected to the additional position of Chair of the Board.

Did Principal Financial Group (PFG) issue a news release about the board changes?

Yes. A news release announcing Deanna D. Strable’s election as Chair and Daniel J. Houston’s conclusion of board service is attached as Exhibit 99.1.

Does this leadership change affect Principal Financial Group’s common stock listing?

The document confirms that Principal Financial Group’s common stock continues to be listed on the Nasdaq Global Select Market under the symbol PFG; no change to the listing is indicated.