CNO Financial Group Files 8-K on Director Changes and Compensation
Ticker: CNO-PA · Form: 8-K · Filed: Jan 3, 2025 · CIK: 1224608
| Field | Detail |
|---|---|
| Company | Cno Financial Group, Inc. (CNO-PA) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $300,000, $170,000, $50,000, $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing
TL;DR
CNO Financial Group filed an 8-K on Jan 2, 2025, updating board and exec comp. Check for leadership changes.
AI Summary
On January 2, 2025, CNO Financial Group, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing also includes financial statements and exhibits related to these corporate governance and compensation matters.
Why It Matters
This filing provides insight into the leadership and compensation structure of CNO Financial Group, which can impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing is routine corporate disclosure and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- CNO Financial Group, Inc. (company) — Registrant
- January 2, 2025 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' under Item 5.02, but the specific names and details of these changes are not provided in the excerpt.
What are the key aspects of the compensatory arrangements mentioned?
The filing notes 'Compensatory Arrangements of Certain Officers' as a topic, but the specific details of these arrangements are not elaborated upon in the provided text.
What financial statements or exhibits are included with this filing?
The filing states that 'Financial Statements and Exhibits' are included, but the specific content of these exhibits is not detailed in the excerpt.
What is the primary business of CNO Financial Group?
CNO Financial Group, Inc. is in the 'ACCIDENT & HEALTH INSURANCE' industry, with SIC code 6321.
When was CNO Financial Group incorporated and what is its fiscal year end?
The company was incorporated in Delaware and its fiscal year ends on December 31.
Filing Stats: 791 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2025-01-03 16:16:49
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share CNO New York Stock Exchan
- $300,000 — an will receive (i) an annual salary of $300,000; (ii) an annual target bonus opportunit
- $170,000 — ") with an annual target grant award of $170,000, subject to the discretion of the Compa
- $50,000 — nit award with a value of approximately $50,000 under the Company's LTIP, vesting in th
- $100,000 — rs; and (v) a one-time sign-on bonus of $100,000. On January 2, 2025, the Company notif
Filing Documents
- tm251721d1_8k.htm (8-K) — 33KB
- tm251721d1_ex99-1.htm (EX-99.1) — 6KB
- tm251721d1_ex99-1img001.jpg (GRAPHIC) — 13KB
- tm251721d1_ex99-1img002.jpg (GRAPHIC) — 1KB
- 0001104659-25-000807.txt ( ) — 281KB
- cno-20250102.xsd (EX-101.SCH) — 3KB
- cno-20250102_def.xml (EX-101.DEF) — 27KB
- cno-20250102_lab.xml (EX-101.LAB) — 36KB
- cno-20250102_pre.xml (EX-101.PRE) — 25KB
- tm251721d1_8k_htm.xml (XML) — 6KB
02
Item 5.02. Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 3, 2025, CNO Financial Group, Inc. ("CNO" or the "Company") announced that Joel T. Koehneman, age 39, was named chief accounting officer of the Company, effective January 21, 2025. Mr. Koehneman brings extensive experience in public accounting to CNO. Mr. Koehneman worked in the audit practice of PricewaterhouseCoopers LLP, focused primarily on life insurance clients, from 2008 to 2023, including serving as a Director from 2019 to 2023. In 2024, he served as a Finance Director at CDW Corporation. Mr. Koehneman earned a bachelor's degree in accountancy and a master's degree in accounting science, both from the University of Illinois, and he is a Certified Public Accountant. Except as described below, there is no arrangement or understanding between Mr. Koehneman and any other person pursuant to which Mr. Koehneman was selected for this role. Mr. Koehneman is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K, and he has no family relationships with any of the Company's current directors or executive officers. Mr. Koehneman will receive (i) an annual salary of $300,000; (ii) an annual target bonus opportunity under the Company's pay-for-performance plan of 50% of his annual salary, with a maximum bonus of 100% of his annual salary; (iii) eligibility to participate in the Company's Long-Term Incentive Plan ("LTIP") with an annual target grant award of $170,000, subject to the discretion of the Company's Human Resources and Compensation Committee; (iv) a one-time restricted stock unit award with a value of approximately $50,000 under the Company's LTIP, vesting in three equal installments over three years; and (v) a one-time sign-on bonus of $100,000. On January 2, 2025, the Company notified Michellen A. Wildin, the Company's current chief accountin
Financial Statements and Exhibits
Financial Statements and Exhibits. The following materials are furnished as exhibits to this Current Report on Form 8-K: 99.1 Press release of CNO Financial Group, Inc., dated January 3, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES 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. CNO Financial Group, Inc. Date: January 3, 2025 By: /s/ Paul H. McDonough Paul H. McDonough Executive Vice President and Chief Financial Officer 3