KEMPER Corp Files DEF 14A with Executive Compensation Details

Ticker: KMPB · Form: DEF 14A · Filed: Mar 20, 2024 · CIK: 860748

Kemper Corp DEF 14A Filing Summary
FieldDetail
CompanyKemper Corp (KMPB)
Form TypeDEF 14A
Filed DateMar 20, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$13 billion, $1
Sentimentneutral

Sentiment: neutral

Topics: KEMPER Corp, DEF 14A, Executive Compensation, Insurance, Shareholder Meeting

TL;DR

<b>KEMPER Corp has filed its DEF 14A, detailing executive compensation adjustments and corporate information.</b>

AI Summary

KEMPER Corp (KMPB) filed a Proxy Statement (DEF 14A) with the SEC on March 20, 2024. KEMPER Corp filed a DEF 14A on March 20, 2024, for the period ending May 1, 2024. The filing includes data related to executive compensation adjustments for PEO and Non-PEO members across several years. Specific adjustments mentioned include changes in pension value, stock awards, option awards, and pension service costs. The company's fiscal year ends on December 31st. KEMPER Corp is incorporated in Delaware and its primary business is Fire, Marine & Casualty Insurance.

Why It Matters

For investors and stakeholders tracking KEMPER Corp, this filing contains several important signals. This filing provides transparency into how executive compensation is structured and adjusted, which is crucial for shareholder understanding and governance. The detailed breakdown of compensation components like stock awards and pension adjustments offers insights into the company's long-term incentive strategies and financial commitments.

Risk Assessment

Risk Level: low — KEMPER Corp shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

Analyst Insight

Shareholders should review the detailed executive compensation tables to understand pay-for-performance alignment and potential impacts on future earnings.

Key Numbers

  • 2024-03-20 — Filing Date (DEF 14A filing date)
  • 2024-05-01 — Period of Report (Conformed period of report)
  • 1231 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

  • KEMPER Corp (company) — Filer
  • UNITRIN INC (company) — Former company name
  • DE (company) — State of incorporation
  • 3126614600 (dollar_amount) — Business phone number

FAQ

When did KEMPER Corp file this DEF 14A?

KEMPER Corp filed this Proxy Statement (DEF 14A) with the SEC on March 20, 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 KEMPER Corp (KMPB).

Where can I read the original DEF 14A filing from KEMPER Corp?

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 KEMPER Corp.

What are the key takeaways from KEMPER Corp's DEF 14A?

KEMPER Corp filed this DEF 14A on March 20, 2024. Key takeaways: KEMPER Corp filed a DEF 14A on March 20, 2024, for the period ending May 1, 2024.. The filing includes data related to executive compensation adjustments for PEO and Non-PEO members across several years.. Specific adjustments mentioned include changes in pension value, stock awards, option awards, and pension service costs..

Is KEMPER Corp a risky investment based on this filing?

Based on this DEF 14A, KEMPER Corp presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

What should investors do after reading KEMPER Corp's DEF 14A?

Shareholders should review the detailed executive compensation tables to understand pay-for-performance alignment and potential impacts on future earnings. The overall sentiment from this filing is neutral.

How does KEMPER Corp compare to its industry peers?

KEMPER Corp operates in the Fire, Marine & Casualty Insurance industry.

Are there regulatory concerns for KEMPER Corp?

The filing is a DEF 14A, which is a required filing for public companies under the Securities Exchange Act of 1934, typically related to shareholder meetings.

Industry Context

KEMPER Corp operates in the Fire, Marine & Casualty Insurance industry.

Regulatory Implications

The filing is a DEF 14A, which is a required filing for public companies under the Securities Exchange Act of 1934, typically related to shareholder meetings.

What Investors Should Do

  1. Review the detailed executive compensation breakdown for PEO and Non-PEO members.
  2. Analyze the changes in pension values and stock/option awards for potential trends.
  3. Note the company's fiscal year end and state of incorporation for corporate context.

Year-Over-Year Comparison

This is a DEF 14A filing, which typically contains information about executive compensation and shareholder matters, and does not directly compare financial performance to a prior filing.

Filing Stats: 4,320 words · 17 min read · ~14 pages · Grade level 15.7 · Accepted 2024-03-20 10:45:06

Key Financial Figures

  • $13 billion — pecialized insurers. With approximately $13 billion in assets, Kemper is improving the worl
  • $1 — tion, The Kemper Foundation will make a $1 donation to the American Cancer Society

Filing Documents

Executive Compensation

Executive Compensation 33 Compensation Committee Report 34 Human Resources & Compensation Committee Governance 35 Compensation Discussion & Analysis 54 Compensation Tables 2023 68 CEO Pay Ratio 68 Pay Versus Performance 73 Proposal 3: Vote to A ppro ve the Amended and R estated Kemper Corporation 2023 Omnibus Plan 73 Overview and Reason for Proposal 74 Key Features of the 2023 A&R Plan 74 Burn Rate, Outstanding Equity Awards , and Overhang & Dilution 75 Summary Description of the 2023 A&R Plan 81 Proposal 4: Advisory Vote to Ratify the Selection of Deloitte & Touche LLP as the Company's Independent Registered Public A ccounting Firm 81 Overview 82 Audit Fees and All Other Fees 82 Audit Committee Pre-Approval Policies and Procedures 82 Audit Committee Report 83 Beneficial Ownership of Common Stock 83

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 84

Security Ownership of Directors and Executive Officers

Security Ownership of Directors and Executive Officers 85 Delinquent Section 16(a) Reports 86 Frequently Asked Questions about the Annual Meeting and Voting/Incorporation by Reference 86 Proxy and Proxy Statement 86 Voting and Record Date 89 Shareholder Proposals, Nominations and Communications 90 Cost of Proxy Solicitation 91 Additional Information about Kemper and Householding Requests 91 Incorporation by Reference 92 Appendix A -1 - Reconciliation of GAAP and Non-GAAP Financial Measures 93 Appendix A-2 - Performance Metrics 94 Appendix B - Amended and Restated Kemper Corporation 2023 Omnibus Plan 2 Proxy Statement Summary The Kemper Board of Directors ( "Board of Directors" or "Board" ) is furnishing you with this Proxy Statement to solicit your proxy to be voted at Kemper's Annual Meeting. This Proxy Statement Summary highlights information contained elsewhere in this Proxy Statement. Please read the entire Proxy Statement carefully before voting. Annual Meeting of Shareholders Date Wednesday, May 1, 2024 Time 8:30 a.m. Central Daylight Time Location 200 East Randolph Street, 70th Floor Chicago, Illinois 60601 Record Date March 7, 2024 Board Responsiveness in 2023 Kemper's relationship with its shareholders is an important part of our success. We value this relationship and have a long-standing practice of engagement with current and prospective shareholders. Shareholders have many opportunities throughout the year to provide feedback to our senior management and investor relations team, including at industry and sell-side conferences. In 2023, Kemper engaged directly with approximately 30 shareholders and approximately 10 conferences and group meetings. Kemper's conversations with shareholders in 2023 covered a variety of topics. In particular, we discussed with shareholders our strategic initiatives, the Company's operating environment and financial performance, and the path to return to profitability.

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