FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
AXIS Capital Holdings Limited (NYSE:AXS) announced on Wednesday changes to its executive compensation plan, which will take effect on June 30, 2025. The amendments, approved by the Human Capital and Compensation Committee of the Board of Directors, expand eligibility for the company’s Amended and Restated Executive RSU Retirement Plan. Now, employees who are at least 60 years old and have a minimum of five years of continuous service with AXIS Capital or an affiliate are eligible, a reduction from the previous requirement of 10 years of service.
The updated plan stipulates that a significant portion of an eligible employee’s outstanding equity awards may continue to vest upon retirement, provided they sign a Restrictive Covenant Agreement where legally permissible.
Additionally, at the Annual General Meeting of Shareholders held on May 16, 2025, shareholders voted on three proposals. The election of Class III Directors, the non-binding approval of executive compensation, and the appointment of Deloitte Ltd. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, were all approved. Details of the voting results for each director and proposal were disclosed.
The information provided is based on AXIS Capital’s recent SEC filing and is intended to give shareholders and the market an understanding of the company’s governance and executive compensation framework. The full details of the amendments to the compensation plan are outlined in the Plan, attached as Exhibit 10.1 to the filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.