8-KMaterial AgreementsExhibits & Filings

CENTENE CORP 8-K Report, Material Agreement (Dec 30, 2005)

Filed December 30, 2005For Securities:CNC

Summary

Centene Corporation (CNC) filed an 8-K on December 30, 2005, to report a material definitive agreement. The company's wholly owned subsidiary, Centene Plaza Redevelopment Corporation (CRC), entered into a redevelopment agreement with the City of Clayton, Missouri. This agreement pertains to the redevelopment of properties surrounding Centene's corporate offices. The primary driver for Centene is to secure office expansion space to accommodate anticipated future company growth. While specific financial terms or the immediate impact on operations are not detailed in this filing, the agreement signifies a strategic step towards supporting the company's expansion plans. Investors should note this as a forward-looking development related to infrastructure and capacity building.

Key Highlights

  • 1Centene Corporation's subsidiary, Centene Plaza Redevelopment Corporation (CRC), entered into a material definitive agreement.
  • 2The agreement is a redevelopment agreement with the City of Clayton, Missouri, dated December 30, 2005.
  • 3The purpose of the agreement is to redevelop properties adjacent to Centene's corporate offices.
  • 4The primary objective for Centene is to secure space for future office expansion and company growth.
  • 5The agreement is considered a strategic move to support anticipated growth needs.
  • 6The full Redevelopment Agreement is filed as Exhibit 10.1 to the 8-K.

Frequently Asked Questions

The main purpose of the agreement is to facilitate the redevelopment of properties near Centene's corporate offices, specifically to secure office expansion space for the company's future growth.

The parties involved are Centene Plaza Redevelopment Corporation (CRC), a wholly owned subsidiary of Centene Corporation, and the City of Clayton, Missouri.

This specific 8-K filing does not include detailed financial terms or projections related to the redevelopment project. It primarily announces the entry into the material definitive agreement and its strategic purpose.

This agreement signals Centene's proactive approach to planning for and supporting its future growth by securing necessary office space. It indicates management's confidence in the company's expansion prospects.