Cigna Group Reports Officer and Director Changes

TL;DR

Cigna Group board and exec shake-up effective June 14th.

AI Summary

The Cigna Group filed an 8-K on June 20, 2024, reporting changes effective June 14, 2024. These changes include the departure of directors or certain officers, the election of new directors, the appointment of certain officers, and updates to compensatory arrangements for certain officers. Specific details regarding the individuals involved and the nature of the compensatory arrangements are not provided in this excerpt.

Why It Matters

Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus.

Risk Assessment

Risk Level: medium — Changes in key leadership roles can introduce uncertainty regarding future company direction and performance.

Key Players & Entities

• The Cigna Group (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• June 14, 2024 (date) — Effective date of reported changes
• June 20, 2024 (date) — Filing date of the 8-K

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, Par Value $0.01 CI New York Stock Exchange , Inc. I
• $400,000 — e will receive an annual base salary of $400,000. Her 2024 Enterprise Incentive Plan Ann
• $300,000 — 2025 Long-Term Incentive Target will be $300,000. Ms. Kates will also be eligible to par

Filing Documents

• cigna8k.htm (8-K) — 24KB
• 0000950159-24-000218.txt ( ) — 191KB
• ci-20240614.xsd (EX-101.SCH) — 3KB
• ci-20240614_lab.xml (EX-101.LAB) — 33KB
• ci-20240614_pre.xml (EX-101.PRE) — 22KB
• cigna8k_htm.xml (XML) — 3KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 14, 2024, The Cigna Group (the "Company" or "our") appointed Jamie Kates as the Company's Chief Accounting Officer, serving as the Company's principal accounting officer, effective July 1, 2024. Ms. Kates, 44, has served as Vice President, Accounting, since October 2021, pursuant to which she managed the Evernorth Health Services accounting, compliance and consolidation functions. Prior to that, she served as Managing Director, Accounting, from January 2019 through October 2021, during which she managed the Evernorth Health Services accounting and compliance functions. Ms. Kates joined The Cigna Group in 2009 and has held roles of increasing responsibility during her tenure. Ms. Kates is a Certified Public Accountant. In connection with her appointment, Ms. Kates accepted an offer letter, pursuant to which she will receive an annual base salary of $400,000. Her 2024 Enterprise Incentive Plan Annual Target will be 50% of her annual base salary (prorated for time in role) and her 2025 Long-Term Incentive Target will be $300,000. Ms. Kates will also be eligible to participate in the Company's employee benefit plans, in accordance with their terms. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE CIGNA GROUP Date: June 20, 2024 By: /s/ Brian C. Evanko Brian C. Evanko Executive Vice President, Chief Financial Officer, The Cigna Group, and President and Chief Executive Officer, Cigna Healthcare

View Full Filing

View this 8-K filing on SEC EDGAR