Summary
Centene Corporation (CNC) filed an 8-K on April 30, 2010, primarily to report on outcomes from its 2010 Annual Meeting of Stockholders held on April 27, 2010. The key investor-focused information pertains to the approval of amendments to the company's 2003 Stock Incentive Plan, which will increase the shares reserved for issuance, and the re-election of two Class III Directors, Pamela A. Joseph and Tommy G. Thompson. Additionally, the selection of KPMG LLP as the independent registered public accounting firm for fiscal year 2010 was ratified by the stockholders.
Key Highlights
- 1Stockholders approved amendments to the 2003 Stock Incentive Plan, increasing the number of shares reserved for issuance by 2,150,000 to a total of 9,050,000.
- 2Pamela A. Joseph and Tommy G. Thompson were re-elected as Class III Directors.
- 3KPMG LLP was ratified as Centene's independent registered public accounting firm for the fiscal year ending December 31, 2010.
- 4The meeting's voting results show strong support for the re-election of directors and the ratification of the accounting firm.
- 5The amendments to the stock incentive plan indicate a potential for future equity compensation to employees and executives.
Frequently Asked Questions
This 8-K filing reports on the key outcomes of Centene Corporation's 2010 Annual Meeting of Stockholders, specifically the approval of amendments to its stock incentive plan, the re-election of directors, and the ratification of its independent auditor.
The amendments approved by stockholders increased the total number of common shares available for issuance under the plan from 6,900,000 to 9,050,000, an increase of 2,150,000 shares. This allows for future grants of stock options or other equity awards.
Pamela A. Joseph and Tommy G. Thompson were re-elected as Class III Directors.
Yes, the selection of KPMG LLP as Centene's independent registered public accounting firm for the fiscal year ending December 31, 2010, was ratified by the stockholders.