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): April 7, 2010
AMERICAN INTERNATIONAL GROUP, INC.
(Exact name of registrant as specified in its charter)
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| Delaware
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1-8787
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13-2592361 |
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
70 Pine Street
New York, New York 10270
(Address of principal executive offices)
Registrant’s telephone number, including area code: (212) 770-7000
(Former name or former 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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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 April 7, 2010, the Board of Directors (the “Board”) of American International Group, Inc.
(“AIG”) determined to provide its former Chairman and Chief Executive Officer, Edward M. Liddy,
with an annual stipend of $120,000 in respect of 2009. This stipend represents the overall higher
cost of living and inconvenience that Mr. Liddy was required to incur as a result of his service in
New York notwithstanding that he and his family resided in Chicago. Since Mr. Liddy retired from
AIG in August 2009, he was only eligible for $80,000 of the stipend. AIG was permitted to pay this
amount under the TARP Standards for Compensation and Corporate Governance after providing the
proposal for the stipend to the satisfaction of the Special Master for TARP Executive Compensation.