8-KLeadership Changes

CENTENE CORP 8-K Report, Executive Changes (Dec 15, 2006)

Filed December 15, 2006For Securities:CNC

Summary

Centene Corporation (CNC) announced on December 15, 2006, a significant addition to its Board of Directors. Effective immediately, Richard A. Gephardt was elected as a Class I director, with his term set to expire in 2008. This appointment is material for investors as it signifies a change in the corporate governance structure of Centene. The inclusion of a prominent figure like Richard Gephardt, a former U.S. House of Representatives Majority Leader, could signal a strategic move by Centene to enhance its public profile, government relations, or its approach to regulatory matters, particularly relevant for a company operating in the health insurance sector. Investors should monitor any subsequent announcements or strategic shifts that may be influenced by Mr. Gephardt's expertise and background.

Key Highlights

  • 1Centene Corporation (CNC) elected Richard A. Gephardt to its Board of Directors.
  • 2Mr. Gephardt's appointment is effective immediately as of December 12, 2006.
  • 3He will serve as a Class I director.
  • 4His term as a director is scheduled to expire in 2008.
  • 5This is a change in the composition of the company's Board of Directors.
  • 6The filing is a Form 8-K, indicating a material event for the company.

Frequently Asked Questions

Richard A. Gephardt is a former U.S. House of Representatives Majority Leader. His appointment to Centene's Board of Directors is significant as it brings a high-profile individual with extensive experience in government and public policy, which could be beneficial for a health insurance company navigating regulatory and political landscapes.

In a classified board structure, directors are divided into classes (e.g., Class I, II, III), with each class elected for a staggered, multi-year term. Being a Class I director with a term expiring in 2008 means his directorship is for a specific, limited period and his seat will be up for re-election in 2008. This staggered system is designed to provide continuity and stability to the board.

This specific Form 8-K filing solely reports the election of Richard A. Gephardt to the Board of Directors under Item 5.02. There are no other significant personnel changes or financial events detailed in this particular report.