8-KLeadership ChangesCorporate ChangesExhibits & Filings

CENTENE CORP 8-K Report, Executive Changes (Oct 23, 2019)

Filed October 23, 2019For Securities:CNC

Summary

Centene Corporation (CNC) announced a significant addition to its Board of Directors with the election of General Lori J. Robinson, a highly decorated retired Air Force officer with extensive command experience. Her appointment, effective October 22, 2019, strengthens the board with her leadership background and experience in government and regulatory affairs, making her a valuable asset given Centene's role in government-sponsored healthcare programs. In addition to the new director, Centene's Board of Directors also approved an amendment to its By-Laws to increase the maximum number of board members from eleven to twelve. This change allows for greater flexibility in board composition and potentially accommodates future growth or strategic appointments. Investors should note that General Robinson will participate in the company's standard director compensation program.

Key Highlights

  • 1Centene Corporation elected General Lori J. Robinson to its Board of Directors as a Class I director, effective October 22, 2019.
  • 2General Robinson brings extensive leadership and command experience, having most recently served as Commander of NORAD and US NORTHCOM.
  • 3She has been appointed to the Nominating and Governance Committee and the Government and Regulatory Affairs Committee.
  • 4Centene's Board of Directors amended its By-Laws to increase the maximum number of board members from eleven to twelve.
  • 5The amendment provides increased flexibility for board composition.
  • 6General Robinson will participate in the company's standard director compensation program.
  • 7General Robinson's background is particularly relevant given Centene's focus on government-sponsored health plans.

Frequently Asked Questions

General Lori J. Robinson is a retired four-star General from the U.S. Air Force with 36 years of service. Her most recent roles included Commander of North American Aerospace Defense Command (NORAD) and US Northern Command (NORTHCOM), reporting directly to the President of the United States and the Prime Minister of Canada. She also currently serves on the Boards of Directors for Korn Ferry and NACCO.

General Robinson's extensive experience in command, government oversight, and regulatory affairs, particularly from her high-level military roles, is highly relevant to Centene's business, which largely operates within government-sponsored healthcare programs. Her expertise can provide valuable strategic guidance and insights.

Increasing the maximum number of board members from eleven to twelve provides Centene's Board with greater flexibility to adapt its composition, potentially to accommodate future strategic needs, diversify skill sets, or plan for leadership transitions.

General Robinson will be compensated according to Centene's standard director compensation program, as outlined in the company's 2019 Proxy Statement filed on March 8, 2019.