8-K/A 1 htm_38951.htm LIVE FILING Symetra Financial Corporation (Form: 8-K/A)  

 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   September 3, 2010

Symetra Financial Corporation
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 001-33808 20-0978027
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
777 108th Avenue NE, Suite 1200, Bellevue, Washington   98004
_________________________________
(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   (425) 256-8000

Not Applicable
______________________________________________
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:

[  ]  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.

Symetra Financial Corporation (the "Company") is filing this amendment to its Current Report on Form 8-K filed on August 6, 2010 which report announced the expected departure of Richard Lindsay as senior vice president of Symetra's Life & Annuities Division effective on or about August 31, 2010. At the time of such report, the terms of Mr. Lindsay's separation agreement with the Company had not been agreed upon.

On August 27, 2010, the Company and Mr. Lindsay entered into a Separation Agreement and General Release (the "Agreement") setting forth the terms of Mr. Lindsay's separation arrangement. The Agreement included a seven day period after Mr. Lindsay signed the Agreement in which Mr. Lindsay could revoke the Agreement, which revocation period expired on September 3, 2010.

The Agreement, among other things, provides for: (i) a Separation Date of August 31, 2010, (ii) a severance payment of $666,691, (iii) the continuation of certain employee benefits for six months, (iv) the forfeiture of all unvested restricted stock and performance units, and all benefits under Symetra's Performance Share Plan, and (v) a general release of claims by Mr. Lindsay to the Company. The foregoing is a summary of the material terms of the Agreement and does not purport to be complete, and, therefore, is qualified in its entirety by reference to the copy of such agreement filed herewith as Exhibit 10.1 and incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Separation Agreement and General Release between Mr. Lindsay and Symetra Financial Corporation, dated August 27, 2010.






SIGNATURES

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.

         
    Symetra Financial Corporation
          
September 7, 2010   By:   /s/ George C. Pagos
       
        Name: George C. Pagos
        Title: Senior Vice President, General Counsel and Secretary


Exhibit Index


     
Exhibit No.   Description

 
10.1
  Separation Agreement and General Release between Mr. Lindsay and Symetra Financial Corporation, dated August 27, 2010.