CNA FINANCIAL CORPORATION (NYSE:CNA) 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(b) Departure of Director or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.>
announcing the retirement of Jonathan D. Kantor, Executive Vice
President, General Counsel and Secretary, effective July 7, 2017.
Mr. Kantor will remain with the Registrant until such date
although, for purposes of ensuring an orderly transition, certain
of his duties will be reassigned prior to his retirement. The
press release is filed as Exhibit 99.1 to this Form 8-K.
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Agreement, dated April 4, 2017. The agreement provides for the
Registrant to pay Mr. Kantor a retirement payment in the amount
of $4.5 million payable in two installments (one half upon his
retirement and one half in January 2018). In consideration of the
retirement payment, Mr. Kantor has agreed to certain provisions,
including a competition restriction for a period of six months
following his retirement, a solicitation prohibition of employees
of the Registrant for a period 24 months after his retirement and
a covenant to cooperate with the Registrant with regard to
ongoing litigation and other matters.
other arrangement with the Registrant.
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(d) Exhibits
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Exhibit No.
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Description
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99.1
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CNA Financial Corporation press release, issued April
6, 2017, announcing the retirement of Jonathan D. Kantor, Executive Vice President, General Counsel and Secretary, effective July 7, 2017. |
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registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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CNA Financial Corporation
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(Registrant)
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Date: April 6, 2017
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By
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/s/ Dino E. Robusto
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(
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About CNA FINANCIAL CORPORATION (NYSE:CNA)
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The Specialty segment provides an array of professional, financial, and specialty property and casualty products and services. The Commercial segment includes property and casualty coverages sold to small businesses and middle market entities and organizations primarily through an independent agency distribution system. The International segment provides management and professional liability coverages, as well as a range of other property and casualty insurance products and services. The Life & Group Non-Core segment primarily includes the results of its individual and group long term care businesses. The Corporate & Other Non-Core segment primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business. CNA FINANCIAL CORPORATION (NYSE:CNA) Recent Trading Information
CNA FINANCIAL CORPORATION (NYSE:CNA) closed its last trading session down -0.04 at 43.87 with 274,169 shares trading hands.
