SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: MARCH 9, 2006
(Date of earliest event reported)
PRINCIPAL FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-16725 42-1520346
(State or other jurisdiction (Commission file number) (I.R.S. Employer
of incorporation) Identification Number)
711 HIGH STREET, DES MOINES, IOWA 50392
(Address of principal executive offices)
(515) 247-5111
(Registrant's telephone number, including area code)
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))
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ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
(d) The Board of Directors of Principal Financial Group, Inc. (the "Company")
elected Michael T. Dan as a new director of the Company and of Principal
Life Insurance Company. Mr. Dan will join the Board at its May 15-16, 2006
meeting. There is no arrangement or understanding between Mr. Dan and any
other person pursuant to which Mr. Dan was selected as a director. Mr. Dan
has no material interest in any prior, existing or proposed transaction or
series of transactions with the Company or its management. The Board has
not yet taken formal action to appoint Mr. Dan to a Board committee, but it
is anticipated that he will become a member of the Human Resources
Committee. A press release announcing Mr. Dan's election is included
herewith as Exhibit 99.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99 Press Release Concerning Election of Michael T. Dan dated March 15,
2006.
SIGNATURE
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 thereunto duly authorized.
PRINCIPAL FINANCIAL GROUP, INC.
By: /S/ JOYCE N. HOFFMAN
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Name: Joyce N. Hoffman
Title:Senior Vice President and
Corporate Secretary
Date: March 15, 2006
Release: On receipt, March 15, 2006 EXHIBIT 99
Contact: Eva Quinn, the Principal Financial Group, 515-247-4907,
QUINN.EVA@PRINCIPAL.COM or Rhonda Clark-Leyda, 515-247-6634,
CLARK-LEYDA.RHONDA@PRINCIPAL.COM
THE PRINCIPAL FINANCIAL GROUP NAMES MICHAEL T. DAN TO BOARD OF DIRECTORS
(Des Moines, Iowa) - The Principal Financial Group(R) (NYSE: PFG) today
announced Michael T. Dan will join the company's Board of Directors at its May
15-16, 2006 meeting.
Dan is chairman, president and chief executive officer of The Brink's
Company (NYSE: BCO), a global leader in business and security-related services
through its two operating units: Brink's, Incorporated and Brink's Home
Security. Prior to joining Brink's in 1982, Dan served as president of Armored
Vehicle Builder, Inc.
Dan is a member of the Business Roundtable and serves as sub-committee
chairman on the Security Task Force. He also serves on the 2006 Kennedy Center
corporate Fund Board as vice chairman. He studied business and accounting at
Morton College in Cicero, Ill. and completed the advanced management program at
Harvard Business School.
"Michael Dan's keen business sense and experience in working with
successful international and diverse operations make him an asset to our Board
of Directors," said J. Barry Griswell, chairman and CEO, the Principal Financial
Group.
About the Principal Financial Group
The Principal Financial Group(R) (The Principal (R))(1) is a leader in
offering businesses, individuals and institutional clients a wide range of
financial products and services, including retirement and investment services,
life and health insurance, and banking through its diverse family of financial
services companies. A member of the Fortune 500, the Principal Financial Group
has $195.2 billion in assets under management(2) and serves some 15.6 million
customers worldwide from offices in Asia, Australia, Europe, Latin America and
the United States. Principal Financial Group, Inc. is traded on the New York
Stock Exchange under the ticker symbol PFG. For more information, visit
WWW.PRINCIPAL.COM.
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(1) "The Principal Financial Group" and "The Principal" are registered service
marks of Principal Financial Services, Inc., a member of the Principal Financial
Group.
(2) As of December 31, 2005