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
Date of Report (Date of earliest event reported):
October 15, 2014
VOYA FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-35897 | No. 52-1222820 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
230 Park Avenue New York, New York |
10169 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (212) 309-8200
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:
¨ | 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)) |
Item 5.02. Departure of Directors or Certain Officers.
On October 15, 2014, Voya Financial, Inc. (the Company) announced that, effective immediately, Mary E. (Maliz) Beams, the Chief Executive Officer of the Companys Retirement Solutions business and a named executive officer of the Company, is leaving the Company to pursue other opportunities.
A copy of the Companys press release regarding this matter has been furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits |
99.1 | Press release, dated October 15, 2014.* |
* | Exhibit 99.1 shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing |
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.
Voya Financial, Inc. | ||
(Registrant) | ||
By: | /s/ HARRIS OLINER | |
Name: | Harris Oliner | |
Title: | Senior Vice President and Corporate Secretary |
Dated: October 15, 2014
Exhibit 99.1
NEW YORK, October 15, 2014
Voya Financial Announces Leadership Change for Retirement Solutions Business
Voya Financial, Inc. (NYSE: VOYA) announced today that, effective immediately, the companys Retirement Solutions business, which consists of the Retirement and Annuities segments, will be led directly by Voya Financial Chairman and CEO Rodney O. Martin, Jr.
Over the past few years, we have made significant progress toward achieving our long-term objectives and our vision to be Americas Retirement Company, said Martin. In considering the significant role that our Retirement Solutions business plays both in our financial performance and in our value proposition, at this time I have decided to directly oversee the next phase of the businesses growth and expansion.
In connection with this change, Maliz Beams, most recently the CEO of Voya Financials Retirement Solutions business, is leaving the company to pursue other opportunities.
I am grateful to Maliz for her many contributions to Voya Financial over the past several years, including the important role she played in our transformation efforts and in helping our clients with their retirement readiness needs, added Martin. She has been an active participant in helping us create value for our customers and shareholders, and I wish her the very best in her future endeavors.
As one of the largest retirement solutions providers in the U.S., we have a tremendous opportunity to positively impact Americans retirement readiness. I am committed to ensuring that we continue to leverage the full breadth of our capabilities, our scale, and the current demographic trends as we strive to establish Voya Financial as the company of choice for helping Americans with their asset accumulation, asset protection, and asset distribution needs.
We remain committed to our 2016 return on capital (ROC) and return on equity (ROE) targets, including our ROC targets for the Retirement and Annuities segments. We continue to believe that, through the execution of our more than 30 margin, growth, and capital initiatives, we can achieve our 2016 Ongoing Business operating ROE target of 12-13%, as well as our Ongoing Business operating ROC target of 10-11%, added Martin.
Voya Financials Ongoing Business includes Retirement Solutions (Retirement and Annuities), Investment Management, and Insurance Solutions (Employee Benefits and Individual Life).
Media Contact: | Investor Contact: | |
Christopher Breslin | Darin Arita | |
(212) 309-8941 | (212) 309-8999 | |
Christopher.Breslin@voya.com | IR@voya.com |
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About Voya Financial
Voya Financial, Inc. (NYSE: VOYA), formerly ING U.S., is composed of premier retirement, investment and insurance companies serving the financial needs of approximately 13 million individual and institutional customers in the United States. The companys vision is to be Americas Retirement CompanyTM and its guiding principle is centered on solving the most daunting financial challenge facing Americans today retirement readiness. Working directly with clients and through a broad group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists, Voya provides a comprehensive portfolio of asset accumulation, asset protection and asset distribution products and services. With a dedicated workforce of approximately 7,000 employees, Voya is grounded in a clear mission to make a secure financial future possible one person, one family, one institution at a time. For more information, visit http://voya.com or view our Voya Financial Interactive Company Profile. Follow Voya Financial on Facebook and Twitter @Voya.
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