UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
(d) On November 25, 2020, the Board of Directors of Principal Financial Group, Inc. (the “Company”) elected Alfredo Rivera as a new director of the Company and of Principal Life Insurance Company, effective November 25, 2020. There is no arrangement or understanding between Mr. Rivera and any other person pursuant to which Mr. Rivera was selected as a director. Mr. Rivera has no material interest in any prior, existing or proposed transaction or series of transactions with the Company or its management.
Mr. Rivera will serve as a member of the Audit and Human Resources committees of the Board of Directors. Mr. Rivera’s compensation as a non-employee director will be consistent with that provided to all Company non-employee directors, as described in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on April 6, 2020. Pursuant to the established compensation program for non-employee directors, Mr. Rivera will receive a pro-rated grant of Company restricted stock units which will be determined based upon the closing price of Company stock on November 25, 2020, the last trading date prior to the effective date of the grant.
A press release announcing Mr. Rivera’s election is included herewith as Exhibit 99.
Item 9.01 Financial Statements and Exhibits
| 99 | Press Release Concerning Election of Alfredo Rivera, dated November 25, 2020 |
| 104 | Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document (contained in Exhibit 101). |
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/ Christopher J. Littlefield | |
| Name: | Christopher J. Littlefield | |
| Title: | Executive Vice President, General Counsel and Secretary | |
Date: November 30, 2020