Summary
Centene Corporation (CNC) filed a Form 8-K on April 12, 2007, to address an administrative oversight regarding its board of directors and a director's recent announcement. The filing clarifies that Mr. Tommy Thompson, a director since April 2005 and nominated for re-election, announced his candidacy for President of the United States on April 1, 2007. Mr. Thompson has confirmed his intention to remain an active participant on the board and will continue to stand for re-election at the upcoming annual stockholder meeting on April 24, 2007. Additionally, the report corrects an inadvertent omission in the Company’s most recent Proxy Statement filed on March 12, 2007. The Proxy Statement failed to list Mr. Thompson as a member of the Compensation Committee, a role he assumed on October 24, 2006, and as a signatory to the Compensation Committee Report. Centene assures investors that Mr. Thompson's board commitments will not be impacted by his presidential candidacy.
Key Highlights
- 1Correction of an inadvertent omission in the Company's Proxy Statement regarding Mr. Tommy Thompson's membership on the Compensation Committee.
- 2Confirmation that Mr. Tommy Thompson, a board member since April 2005, will continue to serve and has been nominated for re-election.
- 3Announcement that Mr. Tommy Thompson declared his candidacy for President of the United States on April 1, 2007.
- 4Assurance from Mr. Thompson that he will remain an active participant in board meetings and all board activities.
- 5The annual stockholder meeting is scheduled for April 24, 2007, where Mr. Thompson is nominated for re-election.
- 6J. Per Brodin, Senior Vice President and Chief Financial Officer, signed the report on behalf of Centene Corporation.