Company: AXS-PE
Filing Date: 2025-05-21
Form Type: 8-K
Source: 0001214816-25-000128
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Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-05-21
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

On May 15, 2025, the Human Capital and Compensation Committee of the Board of Directors of AXIS Capital Holdings Limited (the "Company") approved amendments to the Company’s existing Amended and Restated Executive RSU Retirement Plan, pursuant to the Second Amended and Restated Executive RSU Retirement Plan (the "Plan"), effective June 30, 2025. Under the Plan, eligibility has been expanded to include employees who are: (i) age 60 or older and (ii) have at least five years of completed, continuous years of service with the Company or an employer affiliate of the Company. Previously, under the Company’s prior RSU Retirement Plan, eligible employees were required to have 10 years of service.

In accordance with the Plan, including the requirement that an eligible employee must execute a Restrictive Covenant Agreement (to the extent permissible by law), a substantial portion of the eligible employee’s outstanding equity awards may continue to vest upon retirement.

The above description is a summary of the amendments to the Plan and is subject to and qualified in its entirety by the terms of the Plan, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

  Item 5.07      Submission of Matters to a Vote of Security Holders