AI English summary of an SEC filing — figures as filed

The company said it expanded the Board to 11 members and elected Allan Levine to the Board effective June 23, 2025. The press release described him as an independent, non-executive director.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Jun 23, 2025Period of report Jun 23, 2025Summary published (UTC) Oct 14, 2026

Key points

AI summary

The company said it expanded the Board to 11 members and elected Allan Levine to the Board effective June 23, 2025. The press release described him as an independent, non-executive director.
The company said Levine will receive an annual retainer of $125,000, pro-rated based on his joining date, and restricted shares with a fair market value of $325,000 under the Non-Employee Director Compensation Plan in 2003.
The company said Darryl Page received restricted shares with a fair market value of $325,000 effective June 23, 2025. It also said the Board reorganized its committee structure and assigned Levine and Page to committees.
The company described Levine in the press release as Co-Founder and Executive Chairman of Global Atlantic. It said he held a 16-year tenure at Goldman Sachs and served as CEO of the Goldman Sachs Reinsurance Group.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Board Expanded to 11 Members, Allan Levine Appointed

The company said it expanded the Board to 11 members and elected Allan Levine to the Board effective June 23, 2025. The press release described him as an independent, non-executive director.

Source · Based on the filing body and exhibits

Levine Director Pay: Annual Retainer $125,000, Restricted Shares $325,000

The company said Levine will receive an annual retainer of $125,000, pro-rated based on his joining date, and restricted shares with a fair market value of $325,000 under the Non-Employee Director Compensation Plan in 2003.

Source · Based on the filing body and exhibits

Darryl Page Restricted Share Grant and Committee Reshuffle

The company said Darryl Page received restricted shares with a fair market value of $325,000 effective June 23, 2025. It also said the Board reorganized its committee structure and assigned Levine and Page to committees.

Source · Based on the filing body and exhibits

Levine Career: Global Atlantic and Goldman Sachs

The company described Levine in the press release as Co-Founder and Executive Chairman of Global Atlantic. It said he held a 16-year tenure at Goldman Sachs and served as CEO of the Goldman Sachs Reinsurance Group.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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