On March 23, 2026, Corebridge Financial, Inc. announced the resignation of two members from its Board of Directors, Rose Marie Glazer and Adam Burk. Their resignations were effective immediately at the close of business on the same day. Importantly, the company clarified that these resignations were not due to any disagreements regarding the company's operations, policies, or practices. The resignations come in the wake of a significant stock repurchase transaction that occurred on February 17, 2026, where Corebridge repurchased its common stock from American International Group, Inc. (AIG) at a price of $30.42 per share, totaling approximately $750 million. This transaction reduced AIG's ownership interest in Corebridge to about 5%, which subsequently led to a decrease in the number of board members AIG could designate from two to one. The company has received the necessary approvals from insurance regulators for this change. Following the resignations, Corebridge intends to reduce the authorized number of Board members from thirteen to eleven. This strategic move reflects the company's ongoing adjustments in governance following significant financial transactions and ownership changes.

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