Short answer
KeyCorp (KEY) filed an 8-K current report with the SEC on March 2, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CIO Amy Brady resigning effective March 2, 2026, citing personal health; remains non-executive employee through May 31, 2026 for transition.
KeyCorp 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CIO Amy Brady resigning effective March 2, 2026, citing personal health; remains non-executive employee through May 31, 2026 for transition
- Severance includes one year of salary continuation plus health/welfare benefits post-May 31, 2026 termination date
- Brady retains eligibility for 2026 incentive compensation award and continues vesting in Dec 30, 2024 Capital and Earnings Improvement Award
- Post-vesting one-year holding requirement on the Capital and Earnings Improvement Award waived: a notable concession tied to her departure
- No successor CIO announced; loss of senior technology leadership at a time of ongoing digital transformation is a key watch item for investors
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