METLIFE INC 8-K

What Happened
MetLife, Inc. (MET) filed an 8‑K on February 24, 2026, announcing that its Board increased from eleven to thirteen directors and elected Daniel S. Glaser and Michelle R. Seitz as directors, effective immediately. The Board has affirmatively determined both are independent and added them to several standing committees.

Key Details

• Board size increased from 11 to 13; Daniel S. Glaser and Michelle R. Seitz appointed effective February 24, 2026.
• Committee assignments: Glaser — Audit Committee, Compensation Committee, Finance and Risk Committee; Seitz — Compensation Committee, Governance and Corporate Responsibility Committee, Investment Committee.
• Board determined both directors are independent and they will participate in the company’s standard non‑management director compensation arrangements.
• Non‑management director retainer: $355,000/year (paid $205,000 in shares and $150,000 in cash); directors earn a pro‑rated retainer for partial‑year service and receive the first of four annual installments at start of service.

Why It Matters
Adding two independent directors affects MetLife’s governance and oversight by reshaping Board composition and strengthening committee memberships. Committee assignments (Audit, Compensation, Finance & Risk, Governance, Investment) indicate where the new directors will be involved in oversight. Compensation terms are standard for non‑management directors and may result in routine equity issuance and cash expense consistent with existing director pay policies.