Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 26, 2021, Genworth Financial, Inc. (the "Company") announced that
Kevin D. Schneider will resign as Executive Vice President and Chief Operating
Officer, effective January 26, 2021, but will remain employed with the Company
in an advisory role through May 31, 2021. His resignation as an executive
officer and termination of employment will trigger payments to him, vesting
acceleration of certain equity awards and retirement benefits pursuant to the
previously disclosed terms of the Company's Key Employee Severance Plan.
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