Cigna Corporation (NYSE:CI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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Cigna Corporation (NYSE:CI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02

Departure of Directors or Certain Officers; Appointment of
Certain Officers; Compensatory Arrangements for Certain
Officers.
On April 26, 2017, shareholders of Cigna Corporation (“Cigna”)
approved the Amended and Restated Cigna Long-Term Incentive Plan
(the “Plan”). The Plan is described in Proposal 4 in Cigna’s
proxy statement for the 2017 Annual Meeting of Shareholders,
filed with the Securities and Exchange Commission on March 17,
2017 (the “2017 Proxy Statement”). The descriptions of the Plan
contained herein and in the 2017 Proxy Statement are qualified in
their entirety by reference to the full text of the Plan, a copy
of which is filed herewith as Exhibit 10.1 and is incorporated by
reference herein.
Item 5.07
Submission of Matters to a Vote of Security Holders.
Cigna held its Annual Meeting of Shareholders on April 26, 2017.
Set forth below are the voting results for each proposal. Each
proposal is described in more detail in the 2017 Proxy Statement.
Proposal 1: Election of directors to elect seven directors for
one-year terms expiring in 2018.
Nominees
Votes For
Votes Against
Abstentions
Broker Non-Votes
David M. Cordani
216,024,621
2,017,894
315,765
11,993,906
Eric J. Foss
216,054,217
1,927,510
376,553
11,993,906
Isaiah Harris, Jr.
215,445,990
2,545,842
366,448
11,993,906
Jane E. Henney, M.D.
209,590,759
8,419,484
348,037
11,993,906
Roman Martinez IV
210,861,092
7,128,090
369,098
11,993,906
Donna F. Zarcone
215,705,662
2,307,051
345,567
11,993,906
William D. Zollars
209,888,460
7,152,442
1,317,378
11,993,906
Shareholders elected the nominees with an average of
approximately 98% of the votes cast in favor.
Proposal 2: Approval of an advisory resolution on executive
compensation.
Votes For
Votes Against
Abstentions
Broker Non-Votes
202,175,362
15,680,557
502,361
11,993,906
Shareholders approved the advisory resolution on Cigna’s
executive compensation with approximately 93% of the votes cast
in favor.
Proposal 3: Advisory approval of the frequency of future advisory
votes on executive compensation.
One Year
Two Years
Three Years
Abstentions
Broker Non-Votes
197,077,863
631,812
20,195,213
453,392
11,993,906
Annual future advisory votes on executive compensation received
approximately 90% of the votes cast.
Proposal 4: Approval of the Amended and Restated Cigna Long-Term
Incentive Plan.
Votes For
Votes Against
Abstentions
Broker Non-Votes
203,756,607
14,159,467
442,206
11,993,906
Shareholders approved the Amended and Restated Cigna Long-Term
Incentive Plan with approximately 93% of the votes cast in favor.
Proposal 5: Ratification of the appointment of
PricewaterhouseCoopers LLP as Cigna’s independent registered
public accounting firm for 2017.
Votes For
Votes Against
Abstentions
Broker Non-Votes
225,620,903
4,461,354
269,929
Shareholders approved the ratification of PricewaterhouseCoopers
LLP’s appointment with approximately 98% of the votes cast in
favor.
Proposal 6: Shareholder Proposal Shareholder Proxy Access.
Votes For
Votes Against
Abstentions
Broker Non-Votes
110,376,896
107,321,282
660,102
11,993,906
Shareholders approved the non-binding shareholder proposal
regarding shareholder proxy access with approximately 51% of the
votes cast in favor.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit No.
Description
10.1
Cigna Long-Term Incentive Plan, amended and restated
effective April 26, 2017


About Cigna Corporation (NYSE:CI)

Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products primarily in Asia, Europe and the United States. The Company’s Global Supplemental Benefits segment offers supplemental health, life and accident insurance products primarily in Asia, Europe and the United States. Its products are offered through employers and other groups, such as Governmental and non-Governmental organizations, unions and associations. Cigna also offers commercial health and dental insurance, and Medicare and Medicaid products and health.

Cigna Corporation (NYSE:CI) Recent Trading Information

Cigna Corporation (NYSE:CI) closed its last trading session up +1.15 at 157.52 with 1,578,992 shares trading hands.