8-KLeadership ChangesShareholder Matters

CENTENE CORP 8-K Report, Executive Changes (Apr 29, 2016)

Filed April 29, 2016For Securities:CNC

Summary

Centene Corporation (CNC) announced a key executive change and provided updates from its 2016 Annual Meeting of Stockholders in an 8-K filing dated April 29, 2016. Effective April 26, 2016, Christopher R. Isaak was appointed as Senior Vice President, Corporate Controller and Chief Accounting Officer. Mr. Isaak, who brings extensive experience in financial reporting and public accounting, will now be responsible for the company's internal controls, accounting, and financial reporting, succeeding Jeffrey A. Schwaneke in the principal accounting officer role. Mr. Schwaneke will continue to serve as the principal financial officer. Furthermore, the filing details the outcomes of the Annual Meeting of Stockholders held on April 26, 2016. Directors Orlando Ayala, John R. Roberts, and Tommy G. Thompson were re-elected. Shareholders also approved the advisory vote on executive compensation, indicating confidence in the company's compensation practices. Additionally, KPMG LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2016. These events reflect the company's ongoing governance and financial oversight.

Key Highlights

  • 1Appointment of Christopher R. Isaak as Senior Vice President, Corporate Controller and Chief Accounting Officer, effective April 26, 2016.
  • 2Mr. Isaak's responsibilities include overseeing internal controls, accounting, and financial reporting.
  • 3Jeffrey A. Schwaneke transitions from Principal Accounting Officer to remain Principal Financial Officer.
  • 4Re-election of Directors Orlando Ayala, John R. Roberts, and Tommy G. Thompson at the 2016 Annual Meeting of Stockholders.
  • 5Shareholder approval of the advisory vote on executive compensation.
  • 6Ratification of KPMG LLP as the independent registered public accounting firm for fiscal year 2016.

Frequently Asked Questions

Christopher R. Isaak has been appointed as Senior Vice President, Corporate Controller and Chief Accounting Officer, effective April 26, 2016.

The appointment of Christopher R. Isaak as Chief Accounting Officer is significant as he will oversee the company's internal controls, accounting, and financial reporting. This change involves a transition where Mr. Isaak assumes the principal accounting officer role from Jeffrey A. Schwaneke, who remains the principal financial officer.

At the meeting, Directors Orlando Ayala, John R. Roberts, and Tommy G. Thompson were re-elected. Shareholders approved the advisory vote on executive compensation and ratified KPMG LLP as the independent registered public accounting firm for fiscal year 2016.

Yes, the proposal to approve the advisory vote on executive compensation was approved by the security holders at the 2016 Annual Meeting of Stockholders.