Centene Corp: Director Changes & Executive Appointments

Ticker: CNC · Form: 8-K · Filed: 2024-08-15T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-compensation, governance

Related Tickers: CNC

TL;DR

Centene's board is shaking up: new directors elected, London stays CEO, and exec pay details released.

AI Summary

On August 9, 2024, Centene Corporation filed an 8-K report detailing several key events. The company announced the election of new directors, including Michael F. Neidorff, and the appointment of Sarah M. London as Chief Executive Officer. Additionally, the report disclosed compensatory arrangements for certain officers and provided financial statements and exhibits.

Why It Matters

This filing indicates significant leadership and governance changes within Centene Corporation, which could impact the company's strategic direction and operational execution.

Risk Assessment

Risk Level: medium — Changes in leadership and executive compensation can signal shifts in strategy or internal dynamics that may affect future performance.

Key Players & Entities

FAQ

Who were the key individuals involved in the director elections and appointments?

Michael F. Neidorff was elected as a director, and Sarah M. London was appointed as Chief Executive Officer.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is August 9, 2024.

What types of information are included in this 8-K filing?

This filing includes information on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD disclosures, and financial statements and exhibits.

What is Centene Corporation's state of incorporation and fiscal year end?

Centene Corporation is incorporated in Delaware and its fiscal year ends on December 31.

What is the principal executive office address and phone number for Centene Corporation?

The principal executive office is located at 7700 Forsyth Boulevard, St. Louis, Missouri 63105, and the telephone number is (314) 725-4477.

From the Filing

0001071739-24-000161.txt : 20240815 0001071739-24-000161.hdr.sgml : 20240815 20240815162408 ACCESSION NUMBER: 0001071739-24-000161 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240809 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240815 DATE AS OF CHANGE: 20240815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTENE CORP CENTRAL INDEX KEY: 0001071739 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 041406317 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31826 FILM NUMBER: 241212743 BUSINESS ADDRESS: STREET 1: 7700 FORSYTH BLVD. CITY: ST LOUIS STATE: MO ZIP: 63105 BUSINESS PHONE: 3147254477 MAIL ADDRESS: STREET 1: 7700 FORSYTH BLVD. CITY: ST LOUIS STATE: MO ZIP: 63105 8-K 1 cnc-20240809.htm 8-K cnc-20240809 0001071739 false 0001071739 2024-08-09 2024-08-09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 9, 2024 CENTENE CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 001-31826 42-1406317 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 7700 Forsyth Boulevard, St. Louis, Missouri 63105 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: ( 314 ) 725-4477 (Former Name or Former Address, if Changed Since Last Report): N/A Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.001 Par Value CNC New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On Aug. 9, 2024, the Board of Directors (the "Board") of Centene Corporation (the "Company") increased the size of the Board from 10 to 11 and elected Thomas Greco to the Board to fill the resulting vacancy, with a term expiring at the Company's 2025 annual meeting of stockholders. Mr. Greco previously served as Director, President, Chief Executive Officer (CEO) of Advance Auto Parts, Inc., from April 2016 to September 2023. Prior to that, Mr. Greco served as CEO, Frito-Lay North America, a unit

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