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CB > SEC Filings for CB > Form 8-K on 4-Mar-2014All Recent SEC Filings

Show all filings for CHUBB CORP

Form 8-K for CHUBB CORP


4-Mar-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.

(e) 2014 Annual Incentive Compensation Award Criterion. On February 26, 2014, the Organization & Compensation Committee (the Compensation Committee) of The Chubb Corporation (Chubb) determined that the performance goal to be used for calculating 2014 annual incentive compensation awards under The Chubb Corporation Annual Incentive Compensation Plan (2011) will be Chubb's 2014 operating income, subject to adjustments (i) to account for the reduction in investment income attributable to Chubb's repurchase of shares of common stock and (ii) to limit the impact of catastrophes to within specific minimum and maximum levels.

Salary Actions. On February 26, 2014, the Compensation Committee approved the 2014 base salaries for the following named executive officers: John D. Finnegan, Richard G. Spiro, Paul J. Krump, Dino E. Robusto and Harold L. Morrison, Jr. A schedule of the salaries of Chubb's named executive officers is filed herewith as Exhibit 10.1 and is incorporated by reference into this Item 5.02. The new salaries are effective as of April 1, 2014.

Forms of Performance Unit Award Agreement and Restricted Stock Unit Agreement. On February 26, 2014, the Compensation Committee approved a form of performance unit award agreement and a form of restricted stock unit agreement under The Chubb Corporation Long-Term Incentive Plan (2009), which forms of agreement are filed herewith as Exhibits 10.2 and 10.3, respectively, and are incorporated by reference into this Item 5.02.


Table of Contents



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Schedule of Salary Actions for Named Executive Officers

10.2 Form of Performance Unit Award Agreement under The Chubb Corporation Long-Term Incentive Plan (2009)

10.3 Form of Restricted Stock Unit Agreement under The Chubb Corporation Long-Term Incentive Plan (2009)


Table of Contents

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