UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported)
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October 8, 2013
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LOEWS CORPORATION
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(Exact name of registrant as specified in its charter)
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Delaware
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1-6541
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13-2646102
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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667 Madison Avenue, New York, N.Y.
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10065-8087
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
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(212) 521-2000
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NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))
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1
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
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Compensatory Arrangements of Certain Officers.
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(b)
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Peter Keegan has advised Registrant that he will retire as a senior vice president and the principal financial officer of Registrant on May 13, 2014. David Edelson, a senior vice president, has been elected by the board of directors to become Registrant’s principal financial officer on that date.
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Mr. Keegan has served as Registrant’s principal financial officer since joining Registrant in 1997. He will remain with the Registrant after May 13, 2014 as a senior advisor. Mr. Edelson, age 54, joined the Registrant as a senior vice president in 2005.
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Item 9.01
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Financial Statements and Exhibits.
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(a)
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Not applicable.
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(b)
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Not applicable.
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(c)
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Exhibit:
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Exhibit Reference
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Number
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Exhibit Description
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99.1
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Loews Corporation press release, issued October 8, 2013, announcing the planned retirement of its Chief Financial Officer.
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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.
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LOEWS CORPORATION
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(Registrant)
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Dated: October 8, 2013
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By:
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/s/ Gary W. Garson
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Gary W. Garson
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Senior Vice President
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Secretary and General Counsel
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3
NEWS RELEASE
LOEWS CFO PETER KEEGAN TO STEP DOWN AFTER 18 YEARS WITH THE COMPANY
Company’s Senior Vice President David Edelson to Succeed Keegan as CFO
New York, NY – October 8, 2013 – Loews Corporation ( NYSE: L) announced today that Peter Keegan will retire in May 2014 as Senior Vice President and Chief Financial Officer, a position he has held since 1997. Mr. Keegan will stay on at Loews as Senior Advisor.
“Pete and I have worked together closely since he joined the company almost 20 years ago,” said James Tisch, President and Chief Executive Officer of Loews Corporation. “Loews has been very fortunate to have benefited from his financial expertise, his wisdom, his unflappable demeanor and his extensive understanding of our businesses – all of which have contributed greatly to our overall success and the creation of shareholder value.”
“I am honored to have been part of such an extraordinary company and to have had the opportunity to work together with such talented and dedicated colleagues,” said Mr. Keegan. “I look forward to continuing on with Loews in my new role as Senior Advisor.”
David Edelson, a Senior Vice President who joined the company in 2005, will succeed Mr. Keegan as Chief Financial Officer. In his current role, Mr. Edelson focuses on strategy, corporate development and investor relations, and monitors the performance of Loews’s subsidiaries. Prior to joining Loews, Mr. Edelson was with J.P. Morgan Chase & Co., where he served as Executive Vice President and Corporate Treasurer.
Additionally, Mark Schwartz, Loews’s Controller, will become Vice President and Chief Accounting Officer.
About Loews Corporation:
Loews Corporation is one of the largest diversified companies in the United States. Its principal subsidiaries are CNA Financial Corporation (NYSE: CNA), a 90% owned subsidiary; Diamond Offshore Drilling, Inc. (NYSE: DO), a 50.4% owned subsidiary; Boardwalk Pipeline Partners, LP (NYSE: BWP), a 53% owned subsidiary; HighMount Exploration & Production LLC, a wholly owned subsidiary; and Loews Hotels, a wholly owned subsidiary.
Contact:
Loews Corporation
Mary Skafidas, 212-521-2788
Vice President, Investor and Public Relations