Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

(d) On May 26, 2020, the Board of Directors of Principal Financial Group, Inc. (the "Company") appointed Clare S. Richer as a new director of the Company and of Principal Life Insurance Company, effective May 26, 2020. There is no arrangement or understanding between Ms. Richer and any other person pursuant to which Ms. Richer was selected as a director. Ms. Richer has no material interest in any prior, existing or proposed transaction or series of transactions with the Company or its management.

Effective with her appointment, Ms. Richer will serve as a member of the Audit and Human Resources committees of the Board of Directors. Ms. Richer's compensation as a non-employee director will be consistent with that provided to all Company non-employee directors, as described in the Company's most recent proxy statement filed with the Securities and Exchange Commission on April 6, 2020. Pursuant to the established compensation program for non-employee directors, Ms. Richer will receive a pro-rated grant of Company restricted stock units which will be determined based upon the closing price of Company stock on May 26, 2020.

A press release announcing Ms. Richer's election is included herewith as Exhibit 99.

Item 9.01 Financial Statements and Exhibits





  99     Press Release Concerning Election of Clare S. Richer, dated May 29,
       2020
104    Cover Page to this Current Report on Form 8-K in Inline XBRL

© Edgar Online, source Glimpses