8-KLeadership Changes

CASEYS GENERAL STORES INC 8-K Report, Executive Changes (Jul 25, 2017)

Filed July 25, 2017For Securities:CASY

Summary

Casey's General Stores, Inc. (CASY) announced the appointment of Cara Heiden as a Class II director to its Board of Directors, effective July 19, 2017. Ms. Heiden's appointment fills a vacancy created by the passing of Richard Wilkey in April 2017. Her extensive background includes a significant leadership career at Wells Fargo, most recently as Co-President of Wells Fargo Home Mortgage, where she held various executive roles including Chief Financial Officer. This addition to the Board brings a wealth of financial and executive experience, particularly within the financial services sector. While Ms. Heiden has not yet been assigned to any board committees, her committee assignments are expected to be reviewed at the upcoming September board meeting. As a non-employee director, Ms. Heiden will receive compensation consistent with other board members, as previously detailed in the company's 2016 proxy statement.

Key Highlights

  • 1Appointment of Cara Heiden as a Class II director to the Board of Directors.
  • 2Ms. Heiden's appointment fills the vacancy left by the death of Richard Wilkey.
  • 3Ms. Heiden brings significant executive leadership experience, including her role as retired Co-President of Wells Fargo Home Mortgage.
  • 4Her prior experience includes Vice President and Chief Financial Officer of Wells Fargo Home Mortgage.
  • 5Board committee assignments for Ms. Heiden are pending and expected to be decided in September.
  • 6Ms. Heiden will receive compensation as a non-employee director, consistent with existing company policy.

Frequently Asked Questions

Cara Heiden is the newly appointed Class II director on Casey's General Stores' Board of Directors. She is the retired Co-President of Wells Fargo Home Mortgage and has a long career in executive leadership positions within Wells Fargo, including roles as CFO and head of National Consumer Lending.

Ms. Heiden was appointed to fill the vacancy on the Board of Directors that was created by the death of former director Richard Wilkey in April 2017.

As of the filing date, Ms. Heiden had not yet been appointed to any board committees. The Board of Directors is expected to consider committee assignments for her at their next scheduled meeting in September.

Ms. Heiden will be compensated in the same manner as other non-employee directors of Casey's General Stores. The specifics of this compensation were last detailed in the company's proxy statement filed for the September 16, 2016 annual shareholder meeting.