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MET > SEC Filings for MET > Form 8-K on 24-Feb-2014All Recent SEC Filings

Show all filings for METLIFE INC

Form 8-K for METLIFE INC


24-Feb-2014

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item. 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 21, 2014, the Board of Directors (the "Board") of MetLife, Inc. (the "Company") elected Denise M. Morrison as a director of the Company, effective immediately. Ms. Morrison was also appointed to serve on the Compensation Committee and the Governance and Corporate Responsibility Committee of the Board, effective immediately. The Board has affirmatively determined that Ms. Morrison qualifies as an independent director under the Corporate Governance Standards of the New York Stock Exchange, including the independence requirements pertaining to Compensation Committee members. A copy of the news release issued by the Company on February 21, 2014 announcing Ms. Morrison's appointment is attached hereto as Exhibit 99.1.

Ms. Morrison will participate in the non-management director compensation arrangements described in the Company's 2013 proxy statement. Under the terms of those arrangements, non-management directors receive an annual retainer of $260,000 per year, 50% of which will be paid in shares of the Company's common stock and 50% of which will be paid in cash. Each annual retainer covers the period of Board service commencing at the Company's annual shareholders meeting and ending at its next annual shareholders meeting. For the period beginning at her election to the Board on February 21, 2014 and ending at the 2014 annual shareholders meeting, Ms. Morrison will receive a prorated retainer fee to reflect such period of service.



Item 9.01 Financial Statements And Exhibits.

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits.

99.1 News release of MetLife, Inc., dated February 21, 2014, announcing that Denise M. Morrison was elected to the Board.


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