Prudential Financial Inc 8-K, filed Dec 15, 2020
Prudential Financial Inc (PRU)
About this 8-K
Prudential Financial Inc filed this 8-K on December 15, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 15, 2020, the Board of Directors of Prudential Financial, Inc. (the “Company”) elected Wendy Jones as an independent director. The appointment of Ms. Jones is effective on January 4, 2021. Ms. Jones has been appointed to the Audit Committee. Ms. Jones is entitled to receive compensation as a non-employee director as described in the Non-Employee Director Compensation Summary filed as Exhibit 10.24 to the Company’s 2019 Annual Report on Form 10-K.
| Item 7.01 | Regulation FD Disclosure. |
The Company is furnishing herewith a news release, dated December 15, 2020, announcing the election to the Board of Ms. Jones.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 99.1 | News release of Prudential Financial, Inc. dated December 15, 2020, announcing the election of Ms. Jones (furnished and not filed). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
Date: December 15, 2020
| PRUDENTIAL FINANCIAL, INC. | ||
| By: | /s/ Margaret M. Foran | |
| Name: |
Margaret M. Foran | |
| Title: | Chief Governance Officer, Senior Vice President and Corporate Secretary | |
Exhibit 99.1
Prudential Financial elects Wendy Jones to Board of Directors
NEWARK, N.J., December 15, 2020 – Prudential Financial, Inc. (NYSE: PRU) announced today that Wendy Jones has been elected to the Board of Directors as an independent director, effective January 4, 2021. She was also appointed to the audit committee.
Jones brings to Prudential her extensive experience at leading consumer and technology brands, most notably at eBay Inc. (EBAY), where she was most recently senior vice president, Global Operations, running the company’s customer service, risk, trust, payment operations and workplace resources function—responsible for eBay’s facilities around the world. She also chaired eBay’s Operating Committee, which manages the firm’s intersection of product and business teams and oversees the development and execution of the company’s annual business roadmap.
“At a time when Prudential is intently focused on meeting the evolving needs of its customers and other stakeholders, Wendy’s skills and experience in both the field of consumer technology and global business strategy will be highly beneficial,” said Gil Casellas, director and chair, Corporate Governance and Business Ethics Committee. “We are delighted to welcome Wendy to our board and look forward to working with her.”
Jones, who retires from eBay this month, began her career at the company in 2003 as vice president, Customer Service for North America and Australia. She has held various other leadership positions and has focused much of her career on growing eBay’s global presence, including launching eBay in markets such as Brazil, Russia and Mexico and spearheading eBay’s cross-border trade efforts. While representing eBay’s European efforts, Jones led marketing, operations and advertising for eBay’s European portfolio of sites. Prior to joining eBay, Jones worked at State Street Bank, Land Rover NA, and for iSKY Inc., in various leadership roles.
Jones served as an active supporter of inclusion efforts at eBay, including acting as the executive sponsor for two of eBay’s employee Communities of Inclusion resource groups—Black Employees at eBay and HONOR, a community in honor of those who have served in the military. She is also an active mentor to women inside and outside of the company. She received a B.S. in economics from the University of Connecticut and an MBA from Loyola College.
About Prudential Financial
Page 2
Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of September 30, 2020, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.
MEDIA CONTACT: Julie Laskin, (973) 802-3975, julie.laskin@prudential.com