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

8 years ago

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.