Horace Mann Educators Corp. Files Definitive Proxy Statement

Ticker: HMN · Form: DEF 14A · Filed: Apr 9, 2024 · CIK: 850141

Horace Mann Educators Corp /De/ DEF 14A Filing Summary
FieldDetail
CompanyHorace Mann Educators Corp /De/ (HMN)
Form TypeDEF 14A
Filed DateApr 9, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$45.0 million, $1.09, $63.8 m, $1, $445 million
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Executive Compensation, Shareholder Voting, Horace Mann

TL;DR

<b>Horace Mann Educators Corp. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

HORACE MANN EDUCATORS CORP /DE/ (HMN) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. Filing Type: DEF 14A (Definitive Proxy Statement). Reporting Period: Fiscal year ended December 31, 2023. Filer Central Index Key: 0000850141. Company SIC Code: 6331 (Fire, Marine & Casualty Insurance). Incorporation State: Delaware.

Why It Matters

For investors and stakeholders tracking HORACE MANN EDUCATORS CORP /DE/, this filing contains several important signals. This filing provides detailed information regarding executive compensation, stock and option awards, and other corporate governance matters for the fiscal year 2023. As a DEF 14A filing, it is a crucial document for shareholders to understand the company's performance, executive pay, and upcoming voting matters.

Risk Assessment

Risk Level: low — HORACE MANN EDUCATORS CORP /DE/ shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes that would indicate high risk.

Analyst Insight

Review the executive compensation details and any shareholder proposals to inform voting decisions.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Reporting period)
  • 2024-04-09 — Filing Date (Date of submission)
  • 0000850141 — Central Index Key (Filer identifier)
  • 6331 — SIC Code (Industry classification)

Key Players & Entities

  • HORACE MANN EDUCATORS CORP /DE/ (company) — Filer name
  • 0000850141 (company) — Central Index Key
  • 6331 (company) — Standard Industrial Classification
  • DE (company) — State of Incorporation
  • 2177892500 (company) — Business Phone
  • 20231231 (dollar_amount) — Fiscal year end
  • 20240409 (dollar_amount) — Filing date

FAQ

When did HORACE MANN EDUCATORS CORP /DE/ file this DEF 14A?

HORACE MANN EDUCATORS CORP /DE/ filed this Proxy Statement (DEF 14A) with the SEC on April 9, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by HORACE MANN EDUCATORS CORP /DE/ (HMN).

Where can I read the original DEF 14A filing from HORACE MANN EDUCATORS CORP /DE/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HORACE MANN EDUCATORS CORP /DE/.

What are the key takeaways from HORACE MANN EDUCATORS CORP /DE/'s DEF 14A?

HORACE MANN EDUCATORS CORP /DE/ filed this DEF 14A on April 9, 2024. Key takeaways: Filing Type: DEF 14A (Definitive Proxy Statement).. Reporting Period: Fiscal year ended December 31, 2023.. Filer Central Index Key: 0000850141..

Is HORACE MANN EDUCATORS CORP /DE/ a risky investment based on this filing?

Based on this DEF 14A, HORACE MANN EDUCATORS CORP /DE/ presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes that would indicate high risk.

What should investors do after reading HORACE MANN EDUCATORS CORP /DE/'s DEF 14A?

Review the executive compensation details and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.

How does HORACE MANN EDUCATORS CORP /DE/ compare to its industry peers?

Horace Mann Educators Corp. operates in the Fire, Marine & Casualty Insurance industry, providing financial services primarily to educators.

Are there regulatory concerns for HORACE MANN EDUCATORS CORP /DE/?

The filing is made under the Securities Exchange Act of 1934, specifically Form DEF 14A, which requires detailed disclosure for annual meetings.

Industry Context

Horace Mann Educators Corp. operates in the Fire, Marine & Casualty Insurance industry, providing financial services primarily to educators.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Form DEF 14A, which requires detailed disclosure for annual meetings.

What Investors Should Do

  1. Analyze executive compensation packages and any changes from prior years.
  2. Review any shareholder proposals and the board's recommendations.
  3. Note the dates for the annual meeting and any related deadlines for shareholder actions.

Key Dates

  • 2024-04-09: Filing Date — Submission of the Definitive Proxy Statement.
  • 2023-12-31: Fiscal Year End — Period covered by the financial information in the proxy statement.

Year-Over-Year Comparison

This is a DEF 14A filing for the fiscal year 2023, following previous filings which would have included annual reports and other SEC submissions.

Filing Stats: 4,487 words · 18 min read · ~15 pages · Grade level 14.5 · Accepted 2024-04-09 16:42:49

Key Financial Figures

  • $45.0 million — hts Horace Mann reported net income of $45.0 million in 2023, or $1.09 per share, reflecting
  • $1.09 — net income of $45.0 million in 2023, or $1.09 per share, reflecting lower net investm
  • $63.8 m — r effective tax rate. Core earnings* of $63.8 million, or core earnings per share of $1
  • $1 — million, or core earnings per share of $1.54, reflected strong sales across all t
  • $445 million — se in net investment income to a record $445 million. Total revenue rose 8% for the year, wi
  • $85.5 m — at basis, core earnings would have been $85.5 million, as discussed in the Compensation
  • $53.9 million — turity securities. The Company returned $53.9 million to shareholders in 2023 through dividen
  • $115 m — 3. Since 2011, repurchases have totaled $115 million, and there is $35 million remaini
  • $35 million — have totaled $115 million, and there is $35 million remaining on the buyback authorization.
  • $1 million — Educators Foundation contributed almost $1 million to charitable causes in 2023, including
  • $450,000 — year, the Foundation donated more than $450,000 to educators, employees, and our commun
  • $1.6 billion — ithin our investment portfolio, we hold $1.6 billion in responsible investments, or about 22
  • $214,000 — ities and others in need. This included $214,000 in educator-focused grants, $185,000 to
  • $185,000 — ed $214,000 in educator-focused grants, $185,000 to support strong communities, $37,000
  • $37,000 — $185,000 to support strong communities, $37,000 to support employee giving, including m

Filing Documents

Security Ownership of Certain Beneficial Owners and Management 53

Security Ownership of Certain Beneficial Owners and Management 53 PROPOSAL NO. 4 - RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 55 Report of the Audit Committee 56 The Company's Independent Registered Public Accounting Firm 57 Other Matters 58 Delivery of Proxy Materials 58 Submitting Shareholder Proposals for the 2025 Annual Meeting of Shareholders 59 Exhibit 1 - First Amendment and Horace Mann Educators Corporation 2010 Comprehensive Executive Compensation Plan as Amended and Restated 60 2024 Proxy Statement | General Information Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on Wednesday, May 22, 2024. The Proxy Statement and Annual Report on Form 10-K (Proxy Materials) are available at proxyvote.com. This Proxy Statement is furnished in connection with the solicitation by the Board of Directors (Board) of Horace Mann Educators Corporation (HMEC, Company or Horace Mann) of proxies (that is, the authority to vote shares) from holders of the Company's common stock, par value $.001 per share (Common Stock). The proxies will be voted at the Annual Meeting of Shareholders to be held on Wednesday, May 22, 2024 at 9:00 a.m. Central Daylight Saving Time via live webcast at www.virtualshareholdermeeting.com/HMN2024 and at any adjournment or postponement thereof (Annual Meeting). The mailing address of the Company is 1 Horace Mann Plaza, Springfield, Illinois 62715-0001 (telephone number 217-789-2500). This Proxy Statement, Notice of Internet Availability of Proxy Materials and the proxy card are first being made available to Shareholders of the Company (Shareholders) on or about April 9, 2024. The Board has fixed the close of business on March 26, 2024 as the record date (Record Date) for determining the Shareholders entitled to receive notice of and to vote at the Annual Meeting. At the close of business on the Record Date, an aggregate of 40,937,582 shares of Common Stock were i

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