<SEC-DOCUMENT>0000062709-19-000004.txt : 20190118
<SEC-HEADER>0000062709-19-000004.hdr.sgml : 20190118
<ACCEPTANCE-DATETIME>20190118161835
ACCESSION NUMBER:		0000062709-19-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190116
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20190118
DATE AS OF CHANGE:		20190118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARSH & MCLENNAN COMPANIES, INC.
		CENTRAL INDEX KEY:			0000062709
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE AGENTS BROKERS & SERVICES [6411]
		IRS NUMBER:				362668272
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05998
		FILM NUMBER:		19533421

	BUSINESS ADDRESS:	
		STREET 1:		1166 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2123455000

	MAIL ADDRESS:	
		STREET 1:		1166 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARSH & MCLENNAN COMPANIES INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARLENNAN CORP
		DATE OF NAME CHANGE:	19760505
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8kjanuary162019.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s72C5483112075700927C6BCEF432BF09"></a></div><div style="line-height:120%;text-align:center;-sec-extract:summary;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Washington, D.C.&#160;&#160;20549</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">_____________________</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">FORM 8-K</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">CURRENT REPORT</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:51%;"></td><td style="width:49%;"></td></tr><tr><td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Date of report (Date of earliest event reported)</font></div></td><td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">January 16, 2019</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Marsh &amp; McLennan Companies, Inc.</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(Exact Name of Registrant as Specified in its Charter)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;"><img src="logommc2015.jpg" alt="logommc2015.jpg" style="height:57px;width:340px;"></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:29%;"></td><td style="width:42%;"></td><td style="width:29%;"></td></tr><tr><td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Delaware</font></div></td><td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">1-5998</font></div></td><td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">36-2668272</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(State or Other Jurisdiction of Incorporation)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(Commission File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(IRS Employer</font></div><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Identification No.)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;</font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:51%;"></td><td style="width:49%;"></td></tr><tr><td style="vertical-align:middle;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">1166 Avenue of the Americas, New York, NY</font></div></td><td style="vertical-align:middle;border-bottom:2px solid #000000;padding-left:0px;padding-top:2px;padding-bottom:2px;padding-right:0px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">10036</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(Address of Principal Executive Offices)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(Zip Code)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:51%;"></td><td style="width:49%;"></td></tr><tr><td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Registrant&#8217;s telephone number, including area code</font></div></td><td style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(212) 345-5000</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">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:</font></div><div style="line-height:120%;padding-top:4px;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:45px;"></td><td style="width:37px;"></td><td style="width:600px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Wingdings;font-size:11pt;">o</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:45px;"></td><td style="width:37px;"></td><td style="width:600px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Wingdings;font-size:11pt;">o</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:45px;"></td><td style="width:37px;"></td><td style="width:600px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Wingdings;font-size:11pt;">o</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:45px;"></td><td style="width:37px;"></td><td style="width:600px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Wingdings;font-size:11pt;">o</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.4140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:6%;"></td><td style="width:94%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Emerging growth company      </font><font style="font-family:Wingdings;font-size:11pt;">o</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.       </font><font style="font-family:Wingdings;font-size:11pt;">o</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">1</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Item 5.02&#160;&#160;&#160;&#160;Departure of Directors or Certain Officers; Election of Directors; Appointment of </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Certain Officers</font><font style="font-family:Arial;font-size:11pt;color:#211d1e;font-weight:bold;">; Compensatory Arrangements of Certain Officers</font></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(b)</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:11pt;">On January 16, 2019, Marsh &amp; McLennan Companies, Inc. (the &#8220;Company&#8221;) announced the appointment of Julio A. Portalatin as Vice Chairman of the Company effective March 1, 2019. Mr. Portalatin currently serves as President and Chief Executive Officer of Mercer. As Vice Chairman, Mr. Portalatin will continue to report to the Company&#8217;s President and CEO, Dan Glaser, and will no longer serve as a member of the Company&#8217;s Executive Committee.  </font></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:52px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(e) On January 16, 2019, the Compensation Committee of the Company&#8217;s Board of Directors approved the terms of Mr. Portalatin&#8217;s employment as Vice Chairman of the Company effective March 1, 2019. The principal terms are summarized below. </font></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:52px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Mr. Portalatin will receive an annual base salary of $500,000. Mr. Portalatin will be eligible for an annual bonus with a target of $1,000,000 commencing with the 2019 performance year (awarded in 2020). Mr. Portalatin will not be eligible for any additional awards under the Company's long-term incentive program and will not be eligible for any severance benefits upon the conclusion of his employment. Mr. Portalatin will continue to be eligible to participate in the Company's employee benefit plans and programs on terms and conditions as are generally provided to similarly situated employees of the Company, as in effect from time to time. While employed by the Company and for 12 months following his termination of employment, Mr. Portalatin will be subject to certain restrictive covenants. Mr. Portalatin&#8217;s employment as Vice  Chairman of the Company is conditioned on his entry into a waiver and release in connection with a letter agreement documenting the terms of his employment and at the termination of his employment.</font></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Item 8.01&#160;&#160;&#160;&#160;Other Events</font></div><div style="line-height:174%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">On January 16, 2019, the Company announced the appointment of Martine Ferland as President and Chief Executive Officer of Mercer, effective March 1, 2019. Ms. Ferland will report to the Company&#8217;s President and CEO, Dan Glaser, and join the Company&#8217;s Executive Committee Ms. Ferland joined Mercer in 2011 as Retirement Business Leader for Europe and Pacific Region.  She then served as Europe and Pacific Region President and Co-President, Global Health, before being named Mercer Group President.</font></div><div style="line-height:174%;padding-top:8px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">A copy of the press release is attached hereto and as Exhibit 99.1 and incorporated by reference herein. </font></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Item 9.01 </font><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Financial Statements and Exhibits </font></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(d) Exhibits </font></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">99.1. Press release issued by Marsh &amp; McLennan Companies, Inc. on January 16, 2019. </font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">2</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">SIGNATURES</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">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 hereunto duly authorized.</font></div><div style="line-height:144%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:144%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.53125%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:55%;"></td><td style="width:14%;"></td><td style="width:31%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">MARSH &amp; McLENNAN COMPANIES, INC.</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">By:</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">/s/ Katherine J. Brennan&#160;&#160;&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Katherine J. Brennan</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Deputy General Counsel, Chief Compliance Officer &amp;</font></div><div style="font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Corporate Secretary</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:130%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:144%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:144%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Date:&#160;&#160;&#160;&#160;January 18, 2019</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">3</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">EXHIBIT INDEX</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Exhibit No.</font><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Exhibit</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:670px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:109px;"></td><td style="width:561px;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit991january162019.htm"><font style="font-family:Arial;font-size:11pt;">99.1</font></a></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:11pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit991january162019.htm"><font style="font-family:Arial;font-size:11pt;">Press release issued by Marsh &amp; McLennan Companies, Inc. on January 16, 2019.</font></a></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:144%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">4</font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991january162019.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s6F3C088D8C2659068A0375E9DB830927"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;"><img src="logommc2015.jpg" alt="logommc2015.jpg" style="height:53px;width:318px;"></div><div><a name="sDC44A1C7965B5CACA1C2218A79D4752D"></a></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:left;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;">NEWS RELEASE</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.3952802359882%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:34%;"></td><td style="width:33%;"></td><td style="width:33%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Media Contact:</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Erick R. Gustafson</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Marsh &amp; McLennan Companies</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+1 202 263 7788 </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0000ff;text-decoration:underline;">erick.gustafson@mmc.com</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investor Contact:</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dan Farrell</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Marsh &amp; McLennan Companies</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+1 212 345 3713</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0000ff;text-decoration:underline;">daniel.farrell@mmc.com</font><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">MARSH &amp; McLENNAN NAMES NEW MERCER CEO AND MMC VICE CHAIRMAN</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Martine Ferland appointed to lead Mercer</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Julio A. Portalatin to serve as MMC Vice Chairman</font></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">NEW YORK</font><font style="font-family:Arial;font-size:11pt;">, January 16, 2019 &#8211; Marsh &amp; McLennan Companies (NYSE: MMC), the world's leading expert in risk, strategy and people, today announced key leadership changes to further its growth strategy. Martine Ferland has been appointed to the role of President and Chief Executive Officer of Mercer effective March 1, 2019. Mercer is the global consulting leader advancing the health, wealth and careers of more than 115 million people around the world. In her new role, Ms. Ferland will report to Marsh &amp; McLennan's President and CEO, Dan Glaser, and join the company's Executive Committee. </font></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Dan Glaser commented, "Martine is a talented executive who possesses broad global experience and a proven record of success. Her deep understanding of our business and clients, and more than 30 years of experience across the health, wealth and career spectrum, has uniquely prepared her for the challenge." Ms. Ferland joined Mercer in 2011 as Retirement Business Leader for Europe and Pacific Region. She then served as Europe and Pacific Region President and Co-President, Global Health, before being named Mercer Group President. </font></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Julio A. Portalatin, who served with distinction as Mercer's President and CEO for seven years, will become a Vice Chairman of Marsh &amp; McLennan Companies. In this new role, he will continue to report to Mr. Glaser. </font></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Mr. Glaser described Mr. Portalatin's time leading Mercer, "Julio energized Mercer colleagues and brought our mission and values to life through the work we do. He oversaw a major repositioning of the business that resulted in Mercer's operating income nearly doubling and assets under delegated management increasing fivefold. Julio's legacy with Mercer is one of focused execution, impressive financial performance, and colleague development. I'm pleased the company will continue to benefit from his advice and counsel.</font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:174%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">About Marsh &amp; McLennan Companies</font></div><div style="line-height:174%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Marsh &amp; McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The company's approximately 65,000 colleagues advise clients in over 130 countries. With annual revenue over $14 billion, Marsh &amp; McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;text-decoration:underline;">Marsh</font><font style="font-family:Arial;font-size:11pt;">&#32;advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;text-decoration:underline;">Guy Carpenter</font><font style="font-family:Arial;font-size:11pt;">&#32;develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;text-decoration:underline;">Mercer</font><font style="font-family:Arial;font-size:11pt;">&#32;delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;text-decoration:underline;">Oliver Wyman</font><font style="font-family:Arial;font-size:11pt;">&#32;serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;text-decoration:underline;">mmc.com</font><font style="font-family:Arial;font-size:11pt;">, follow us on </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;text-decoration:underline;">LinkedIn</font><font style="font-family:Arial;font-size:11pt;">&#32;and Twitter </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;text-decoration:underline;">@mmc_global</font><font style="font-family:Arial;font-size:11pt;">&#32;or subscribe to </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;font-style:italic;text-decoration:underline;">BRINK</font><font style="font-family:Arial;font-size:11pt;">.</font></div><div style="line-height:174%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#32;2</font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logommc2015.jpg
<DESCRIPTION>MMC LOGO
<TEXT>
begin 644 logommc2015.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  <%!08%! <&!@8(!P<("Q(+"PH*
M"Q8/$ T2&A8;&AD6&1@<("@B'!XF'A@9(S D)BHK+2XM&R(R-3$L-2@L+2S_
MVP!# 0<(" L)"Q4+"Q4L'1D=+"PL+"PL+"PL+"PL+"PL+"PL+"PL+"PL+"PL
M+"PL+"PL+"PL+"PL+"PL+"PL+"PL+"S_P  1" !; A0# 2(  A$! Q$!_\0
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MWFBBBO.T.\XGXJ_\BQ;?]?2_^@-7DE>M_%7_ )%BV_Z^E_\ 0&KR0U]-EO\
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MVKN/2N'^'G^OU#']Q/YM7I&GZ-=7Y#*OEQ_WV[_0=ZY\3)1G=FV$ISG%)%
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MEKSD?1A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 (PR*:R9/)I]&.:!6,.V\(Z/::M-J%O:)%+,!O5!A"03\VWIGFMH*%
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( !1110!__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
