8-KLeadership ChangesExhibits & Filings

CENTENE CORP 8-K Report, Executive Changes (Feb 4, 2019)

Filed February 4, 2019For Securities:CNC

Summary

Centene Corporation (CNC) filed an 8-K on February 4, 2019, to announce an amendment to the executive employment agreement for its Chairman and Chief Executive Officer, Michael F. Neidorff. This amendment is significant as it outlines extended leadership tenures and potential termination provisions, offering clarity on executive commitment and succession planning to investors. The key change is that Mr. Neidorff will continue in his role as CEO through the 2023 Shareholders' Meeting and remain as Executive Chairman of the Board until the 2024 Shareholders' Meeting. The amendment also addresses potential payments to Mr. Neidorff in the event of termination prior to the 2023 Shareholders' Meeting. Investors should view this as a move towards stability in leadership, providing a predictable timeline for key executive roles.

Key Highlights

  • 1Michael F. Neidorff's employment as CEO extended until the 2023 Shareholders' Meeting.
  • 2Michael F. Neidorff's role as Executive Chairman of the Board extended until the 2024 Shareholders' Meeting.
  • 3The amendment includes provisions for payments to Mr. Neidorff in case of termination before the 2023 Shareholders' Meeting.
  • 4This filing clarifies leadership continuity and succession planning for key executive positions.
  • 5The full details of the amendment are available as Exhibit 10.1 to the Form 8-K.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce an amendment to the executive employment agreement for Centene's Chairman and CEO, Michael F. Neidorff, primarily extending his tenure in key leadership roles.

Mr. Neidorff is set to continue serving as Chief Executive Officer until the 2023 Shareholders' Meeting.

Yes, following his tenure as CEO, Mr. Neidorff will continue to serve as the Executive Chairman of the Board until the 2024 Shareholders' Meeting.

The amendment includes provisions for payments to Mr. Neidorff in the event of termination on or prior to the 2023 Shareholders' Meeting. Specific financial details beyond this provision are not elaborated in the 8-K summary but are available in the referenced exhibit.