Summary
Centene Corporation (CNC) filed a Form 8-K on October 2, 2009, to report a significant executive departure. Eric R. Slusser, Executive Vice President of International Development, announced his resignation, effective October 16, 2009, to pursue other opportunities. This event is being disclosed to investors as per regulatory requirements. While the departure itself is the primary focus, the filing also confirms that Mr. Slusser will receive payments in line with his existing employment agreement. Investors should note that this filing does not provide detailed financial performance information but serves as a notification of a change in key personnel within the company's international development division.
Key Highlights
- 1Eric R. Slusser, EVP of International Development, is leaving Centene Corporation.
- 2Mr. Slusser's departure is effective October 16, 2009.
- 3The reason cited for departure is to pursue another opportunity.
- 4Mr. Slusser will receive payments consistent with his existing employment agreement.
- 5The filing is made under Item 5.02 of Form 8-K, related to director and officer changes.
- 6No other executive or director changes are noted in this specific filing.
Frequently Asked Questions
This Form 8-K is being filed to report the departure of a key executive, Eric R. Slusser, Executive Vice President of International Development.
The filing states that Mr. Slusser will receive payments from the Company that are consistent with the terms of his existing employment agreement. Details of this agreement are referenced in Centene's 2008 Form 10-K.
No, this filing specifically addresses an executive's departure and does not contain information regarding the company's financial performance. It is a disclosure of a change in corporate officers.
The filing states that Mr. Slusser is leaving 'in order to pursue another opportunity,' which suggests a voluntary departure for career advancement rather than termination for cause.