Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On February 6, 2020, Thomas Buberl resigned as a director of Equitable Holdings, Inc. (the "Company"). Mr. Buberl's resignation follows the sale by AXA S.A. ("AXA") on December 10, 2019 of an additional 3,000,000 shares of common stock of the Company, which reduced AXA's ownership interest in the Company below 10%. As a result of AXA ceasing to beneficially own more than 10% of the Company's outstanding common stock, the number of directors that AXA may designate to the Company's board of directors decreased from two to zero.

The Company has waived the requirement under the Shareholder Agreement, dated as of May 4, 2018, between the Company and AXA (the "Shareholder Agreement") that George Stansfield resign as a director. Accordingly, Mr. Stansfield will continue to serve as a director for the remainder of his term but will no longer be an "AXA Director" as defined in the Shareholder Agreement.

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