Allstate Corp 8-K, filed Jun 12, 2020
Allstate Corp (ALL)
8-K
2020-06-12
For: 2020-06-11
View Original
Added on
April 03, 2026
About this 8-K
Allstate Corp filed this 8-K on June 12, 2020, reporting on events of June 11, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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 11, 2020
THE ALLSTATE CORP ORATION
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (847 ) 402-5000
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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||
| Common Stock, par value $0.01 per share | ALL | New York Stock Exchange Chicago 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. ☐
Section 5 – Corporate Governance and Management
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 11, 2020, the Board of Directors of the Registrant elected Richard T. Hume as a director effective on June 12, 2020, and correspondingly increased the size of the Board to 11 directors. The Board has not yet determined Mr. Hume’s committee assignments. Mr. Hume’s compensation will be consistent with the Registrant’s previously disclosed standard compensatory arrangements for non-employee directors, which are described in the Registrant’s most recent proxy statement filed with the Securities and Exchange Commission on April 6, 2020, under the heading “Director Compensation.” Mr. Hume’s compensation will be prorated to reflect the commencement date of his Board service. In addition, the Registrant expects to enter into an indemnification agreement with Mr. Hume in substantially the form filed as Exhibit 10.2 to its quarterly report on Form 10-Q for the quarter ended June 30, 2007. A copy of the press release announcing Mr. Hume’s election is attached as Exhibit 99 to this report.
Section 9 – Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99 | ||||||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). | |||||||
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.
THE ALLSTATE CORPORATION (Registrant) | ||||||||
| By: | /s/ Daniel G. Gordon | |||||||
| Name: | Daniel G. Gordon | |||||||
| Title: | Vice President, Assistant General Counsel and Assistant Secretary | |||||||
| Date: June 12, 2020 | ||||||||
Exhibit 99
NEWS
FOR IMMEDIATE RELEASE
Contact: Greg Burns
(847) 402-5600
Allstate Elects Rich Hume to Board of Directors
NORTHBROOK, Ill., June 12, 2020 – The Allstate Corporation (NYSE: ALL) announced that Rich Hume, 60, Chief Executive Officer of Tech Data Corporation (NASDAQ: TECD), has been elected to Allstate’s board of directors effective June 12. As of that date, the Allstate board will stand at 11 directors.
“Rich is an accomplished leader with an extensive technology background who will help build on the strategic capabilities of Allstate’s board and support our Transformative Growth Plan,” said Tom Wilson, Chair, President and CEO. “He brings a passion for innovation and a deep knowledge of global business services that will be invaluable as Allstate grows by connecting consumers.”
“It’s an honor for me to be joining Allstate’s highly respected team of directors,” said Hume. “I look forward to helping to further shape the future growth of this iconic brand.”
Hume has served as CEO of Tech Data Corporation since 2018. He joined the Clearwater, Florida-based company in 2016 as chief operating officer. Prior to joining Tech Data, a provider of next-generation technologies to global clients, Hume spent 30 years at IBM, where he served most recently as general manager and COO of global technology services, leading operations for IBM’s $32 billion infrastructure and outsourcing services business
Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
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