Humana Inc. Files 8-K: Board Changes & Executive Compensation Updates

Ticker: HUM · Form: 8-K · Filed: 2024-10-23T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

Related Tickers: HUM

TL;DR

Humana's 8-K: Board shake-up and exec pay changes filed Oct 23.

AI Summary

On October 23, 2024, Humana Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing includes information regarding the departure of directors and the election of new directors, as well as updates to the compensatory arrangements for certain officers. Specific details on the financial impact or new appointments were not immediately available in this initial filing.

Why It Matters

Changes in a company's board of directors and executive compensation can signal shifts in strategic direction or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may affect the company's future performance and stock price.

Key Players & Entities

FAQ

What specific changes were made to Humana Inc.'s board of directors on October 23, 2024?

The filing indicates the departure of directors and the election of new directors, but the specific names and number of individuals involved are detailed within the full report.

What are the key updates regarding compensatory arrangements for Humana Inc.'s officers?

The 8-K filing states there are updates to the compensatory arrangements of certain officers, with the specifics to be found in the detailed sections of the report.

What is the significance of filing an 8-K form on October 23, 2024, for Humana Inc.?

Filing an 8-K signifies that Humana Inc. is reporting a material event, in this case, related to director departures, elections, and executive compensation.

Where are Humana Inc.'s principal executive offices located?

Humana Inc.'s principal executive offices are located at 500 West Main Street, Louisville, KY 40202.

What is Humana Inc.'s IRS Employer Identification Number?

Humana Inc.'s IRS Employer Identification Number is 61-0647538.

From the Filing

0000049071-24-000047.txt : 20241023 0000049071-24-000047.hdr.sgml : 20241023 20241023162028 ACCESSION NUMBER: 0000049071-24-000047 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241023 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241023 DATE AS OF CHANGE: 20241023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUMANA INC CENTRAL INDEX KEY: 0000049071 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 610647538 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05975 FILM NUMBER: 241389463 BUSINESS ADDRESS: STREET 1: 500 W MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 5025801000 MAIL ADDRESS: STREET 1: 500 W. MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40202 FORMER COMPANY: FORMER CONFORMED NAME: EXTENDICARE INC DATE OF NAME CHANGE: 19740404 FORMER COMPANY: FORMER CONFORMED NAME: HERITAGE HOUSE OF AMERICA INC DATE OF NAME CHANGE: 19671129 8-K 1 hum-20241023.htm 8-K hum-20241023 0000049071 false 0000049071 2024-10-23 2024-10-23 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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):  October 23, 2024 (October 23, 2024) Humana Inc. (Exact name of registrant as specified in its charter) Delaware 1-5975 61-0647538 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 500 West Main Street Louisville , KY 40202 (Address of principal executive offices, including zip code) 502 - 580-1000 (Registrant’s telephone number, including area code) (Former name or former address, if changed since last report) 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 HUM New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. (d) Effective October 23, 2024, the Board of Directors (the “Board”) of Humana Inc. (the “Company”) expanded its number of authorized directors from eleven to twelve and elected Gordon Smith as a director of the Company. The Board of Directors has determined that (i) Mr. Smith is independent within the mean

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