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TMCNet:  CITIGROUP INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

[December 11, 2013]

CITIGROUP INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 11, 2013, the Board of Directors (the "Board") of Citigroup Inc.

("Citigroup") increased the number of directors of the Board from 13 to 14 and elected Duncan P. Hennes as a director. Mr. Hennes is currently Co-Founder and Partner of Atrevida Partners, LLC, an asset management firm. He previously served as the Chief Executive Officer of Soros Fund Management and Co-Founder and Partner of Promontory Financial Group.


The Board determined that Mr. Hennes is independent in accordance with the director independence standards established under Citigroup's Corporate Governance Guidelines, which are intended to comply with the New York Stock Exchange corporate governance rules, and all other applicable laws, rules and regulations. In addition, Mr. Hennes was appointed to the Board of Directors of Citibank, N.A. and the Risk Management and Finance Committees of each of Citigroup Inc. and Citibank, N.A.

Mr. Hennes will receive compensation as non-employee director in accordance with Citigroup's non-employee director compensation practices described in "Proposal 1: Election of Directors - Directors' Compensation" of Citigroup's Annual Proxy Statement filed with the Securities and Exchange Commission on March 14, 2013.

There are no family relationships between Mr. Hennes and any officer or other director of Citigroup or any related party transactions involving Mr. Hennes and Citigroup. There is no arrangement or understanding between Mr. Hennes and any other person pursuant to which he was selected as a director. In addition, Mr.

Hennes has never been employed at Citigroup or any of its subsidiaries.

A copy of Citigroup's press release relating to the appointment of Mr. Hennes as director is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits The following exhibit is furnished as part of this Current Report on Form 8-K: Exhibit Number 99.1 Citigroup's Press Release dated December 11, 2013.

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