UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): July 15, 2005
AMERICAN INTERNATIONAL GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 1-8787 13-2592361
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
70 Pine Street
New York, New York 10270
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (212) 770-7000
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(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):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 1 - Registrant's Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
On July 15, 2005, American International Group, Inc. (AIG) notified certain
senior executives that it would pay interim bonuses. AIG routinely pays
quarterly bonuses and is in the process of providing new or enhanced
compensation opportunities to AIG employees in order to reflect the
compensation and benefits previously provided by C.V. Starr & Co., Inc. and
Starr International Company, Inc. The total interim bonuses paid to date, and
the total interim bonuses expected to be paid in 2005, to each executive officer
named in the Summary Compensation Table included in AIG's Proxy Statement for
the 2005 Annual Meeting of Shareholders are:
2005 Interim Bonuses
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Amount Paid Amount Expected
Name and Principal Position to Date(1) to be Paid
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Martin J. Sullivan.................................. $596,250 $277,500
President and
Chief Executive Officer
Donald P. Kanak..................................... 535,000 247,500
Executive Vice Chairman
and Chief Operating Officer
Jay S. Wintrob...................................... 442,500 217,500
Executive Vice
President-Retirement Services
Richard W. Scott.................................... 78,750 47,500
Senior Vice
President-Investments
Thomas R. Tizzio.................................... 630,000 217,500
Senior Vice Chairman-
General Insurance
Edmund S.W. Tse..................................... 727,500 265,000
Senior Vice Chairman-
Life Insurance
Rodney O. Martin, Jr................................ 134,500 72,000
Executive Vice President-
Life Insurance
Kristian P. Moor.................................... 503,750 247,500
Executive Vice President-
Domestic General Insurance
Win J. Neuger....................................... 466,500 241,500
Executive Vice President
and Chief Investment Officer
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(1) The amounts shown include the July 15, 2005, interim bonuses as
follows: Sullivan $281,250; Kanak $250,000; Wintrob $187,500;
Scott $31,250; Tizzio $375,000; Tse $437,500; Martin $62,500;
Moor $218,750 and Neuger $187,500.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
AMERICAN INTERNATIONAL GROUP, INC.
(Registrant)
Date: July 21, 2005 By /s/ KATHLEEN E. SHANNON
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Name: Kathleen E. Shannon
Title: Senior Vice President
and Secretary