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: March 18, 2016
(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))
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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
Larry D. Zimpleman, a director and chairman of the board of directors of Principal Financial Group, Inc. and its subsidiary Principal Life Insurance Company, has decided to decline to stand for re-election to the board when his current term expires at the conclusion of Principal Financial Group, Inc.'s annual meeting of shareholders on May 17, 2016. Mr. Zimpleman's decision is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. The press release announcing Mr. Zimpleman’s decision not to stand for re-election is included herewith as Exhibit 99.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. | Description |
99 | Zimpleman Press Release |
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/ Karen E. Shaff | |
Name: Karen E. Shaff | |
Title: Executive Vice President, General Counsel | |
and Secretary | |
Date: March 23, 2016 | |
Exhibit 99
Release: On receipt, March 21, 2016
Media Contact: Erica Jensen, 515.362.0049, jensen.erica@principal.com
Investor Contact: John Egan, 515.235.9500, egan.john@principal.com
Daniel J. Houston to become Chairman of the Board of Principal
(Des Moines, Iowa) - Principal Financial Group, Inc. (NYSE: PFG) Board of Directors has elected Daniel J. Houston, president and chief executive officer, Chairman of the Board effective on May 17, 2016, immediately following its Annual Meeting of Shareholders.
Larry D. Zimpleman will continue as non-executive chairman through the annual meeting. He will then leave the Board having completed his current term as an elected director.
“We thank Larry for his 44 years of dedicated service to Principal and the legacy he leaves,” said Houston. “As an organization, we have a lot to look forward to and so many things to be optimistic about as we continue to strengthen our business operations and brand around the globe. Our priority continues to be helping people achieve financial security no matter where they are in life.”
Houston joined Principal® in 1984. He was promoted to senior group and pension representative in 1986 and named group and pension consultant in 1988. Houston was named regional director of group and pension sales in 1990 and promoted to regional vice president in 1993, to vice president in 1997, and to senior vice president in 2000. He was named executive vice president in 2006, president of retirement and investor services in 2008. Houston was named president and chief operating officer in 2014 and president and chief executive officer in 2015.
Zimpleman joined the company in 1971 as an actuarial intern. From 1976 to 2006 he served in various management and leadership positions, mostly in the U.S. retirement business. He was named president and chief operating officer of Principal in 2006, president and chief executive officer in 2008, chairman, president and CEO in 2009 and chairman in 2015. Zimpleman retired from the company in January of 2016.
About Principal®
Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals - offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at principal.com.
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