UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 28, 2021
(Exact Name of Registrant as Specified in Its Charter)
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(State or Other Jurisdiction of Incorporation or Organization)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of Principal Executive Offices and Zip Code)
Registrant’s telephone number, including area code: (212 ) 521-2000
N/A
(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 (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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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company |
If an emerging growth company, indicate by check mark if the registrant has elected not
to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. |
Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(b) On October 28, 2021, David B. Edelson informed Loews Corporation (the “Corporation”) that he will resign as Chief Financial Officer on May 10, 2022 and as Senior Vice
President on June 30, 2022. He will remain a senior advisor of the Corporation after June 30, 2022. Mr. Edelson joined the Corporation as a Senior Vice President in 2005 and was elected Chief Financial Officer in 2014.
(c) The Board of Directors of the Corporation has elected Jane Wang as Senior Vice President and Chief Financial Officer, effective as of May 10, 2022. Ms. Wang, age 40, has
been a Vice President of the Corporation since 2014. She joined the Corporation’s corporate development department in 2006.
The press release announcing the foregoing is filed as Exhibit 99.1 to this Current Report on Form 8-K.
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Financial Statements and Exhibits.
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(d) Exhibits:
See Exhibit Index.
Exhibit Index
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Exhibit No.
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Loews Corporation press release issued November 1, 2021.
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104
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Cover Page Interactive File (embedded within the Inline XBRL document).
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1
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.
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Date: November 1, 2021
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LOEWS CORPORATION
(Registrant)
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By:
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/s/ Marc A. Alpert
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Marc A. Alpert
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Senior Vice President, General Counsel and Secretary
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Exhibit 99.1
 NEWS RELEASE
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Contact:
Mary Skafidas
Vice President, Investor Relations & Corporate Communications
212-521-2788
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David B. Edelson to Retire from Loews Corporation
Company Veteran Jane Wang to Succeed Edelson as CFO
New York, NY – November 1, 2021 -- Loews Corporation (NYSE: L) announced today that David B. Edelson has decided to step down in May 2022 as Chief Financial Officer, a
position he has held since 2014. Jane Wang, a Vice President at Loews who joined the company in 2006 will succeed Mr. Edelson as Chief Financial Officer. Mr. Edelson will stay on at Loews as Senior Advisor to ensure a seamless transition.
"It’s been a pleasure to work alongside David over the last 16-plus years. He has been an invaluable member of Loews’s senior leadership team, and his sound judgment,
strategic acumen and laser-like attention to detail have served Loews well throughout his tenure,” said James Tisch, President and Chief Executive Officer of Loews Corporation. “Under David’s thoughtful and steadfast stewardship, there has been
transformational change at Loews that has significantly benefitted the company and its stakeholders.”
"I am honored to have been part of such an exceptional company and to have had the opportunity to work with such talented and dedicated colleagues," said Mr. Edelson.
"I look forward to completing my tenure as CFO and assisting Jane as she assumes the role."
In her current role, Ms. Wang focuses on strategic planning and corporate development. She is responsible for managing Loews’s capital markets activities, leads the
company’s Enterprise Risk Management effort, and interfaces with credit rating agencies. Additionally, Ms. Wang monitors the performance of Loews’s subsidiaries and is a member of the Board of Directors of CNA Financial, a publicly traded subsidiary
of Loews. She also sits on the boards of Boardwalk Pipelines and Altium Packaging. Prior to joining Loews, Ms. Wang worked at Morgan Stanley in the investment banking division.
About Loews Corporation
Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality and packaging industries. For more information, please visit www.loews.com.