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): January 12, 2010
AXA FINANCIAL, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 1-11166 13-3623351
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
1290 Avenue of the Americas
New York, New York 10104
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(Address of principal executive offices) (Zip Code)
(212) 554-1234
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(Registrant's telephone number, including area code)
None
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(Former name or address, if changed since last report)
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 (see General Instruction A.2. below):
/ / 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))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 12, 2011, the Company announced that James A. Shepherdson, Senior
Executive Vice President and President, Retirement Savings of the Company, is
retiring, effective February 1, 2011.
Additionally, the Company announced that Nick Lane, 37, will succeed Mr.
Shepherdson as Senior Executive Vice President and President, Retirement
Savings. Mr. Lane's appointment is subject to the approval of the Company's
Board of Directors in February 2011. Mr. Lane has served as head of AXA Group
Strategy since 2008. Previously, Mr. Lane was a director of AXA Advisors LLC and
a director and Vice Chairman of AXA Network LLC, the Company's retail broker
dealer and insurance general agency, respectively. Prior to joining the Company,
he was a leader in the sales and marketing practice of the strategic consulting
firm McKinsey & Co. Mr. Lane holds a B.A. from Princeton University and an
M.B.A. from Harvard Business School and served as a captain in the U.S. Marine
Corps.
On January 18, 2011, the Company and Christopher M. Condron (retired President
and Chief Executive Officer) entered into an agreement setting forth the terms
of certain retirement benefits for Mr. Condron. Mr. Condron's retirement was
previously announced on December 3, 2010 and effective January 1, 2011. In light
of Mr. Condron's distinguished service, Mr. Condron will receive complimentary
use of an office located at, or near, the executive offices of the Company and
the services of an assistant for his lifetime, beginning on January 1, 2012, and
for calendar years 2011, 2012 and 2013, Mr. Condron will receive continued
access to a car and driver, financial planning and tax preparation services and
excess liability coverage, each on the same terms that were available to Mr.
Condron during his employment. Mr. Condron will also receive a $100,000 lump sum
payment, certain tax gross-ups, and a short-term incentive compensation plan
payment for 2010.
A copy of the agreement is attached hereto as Exhibit 99.1 and the description
set forth herein is qualified in its entirety by reference thereto.
Item 9.01 Exhibits.
EXHIBIT
NUMBER EXHIBIT DESCRIPTION
99.1 Condron Letter Agreement
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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 hereunto duly authorized.
AXA FINANCIAL, INC.
Date: January 18, 2010 By: /s/ Dave Hattem
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Name: Dave Hattem
Title: Senior Vice President and
General Counsel
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