On June 8, 2022, James M. Gerlach informed the company of his intent to retire from the American Equity Investment Life Holding Company Board of Directors, and did so on June 10, 2022. A.J. Strickland, III also retired from the Board, effective June 10. Mr. Strickland's term expired, and under the company's director retirement policy he was not eligible to stand for re-election at the company's 2022 annual shareholder meeting.