CNO Financial Group, Inc. (NYSE:CNO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 17, 2017, CNO Financial Group, Inc. (“CNO” or the “Company”) filed a Form 8-K to report that (i) Edward J. Bonach will be retiring as Chief Executive Officer and as a member of the Board of Directors of CNO (the “Board”) effective December 31, 2017, (ii) Gary C. Bhojwani, currently President of CNO, was appointed Chief Executive Officer of the Company, effective January 1, 2018, and (iii) the Board had elected Mr. Bhojwani as a Director, effective May 16, 2017, increasing the size of the Board to 10 members.
On August 9, 2017, the Board approved an Amendment to the Employment Agreement between CNO and Mr. Bhojwani. The amendment extends the term of his employment agreement through December 31, 2020 and makes other changes in connection with his appointment as successor Chief Executive Officer.
A copy of the Amendment is attached hereto as Exhibit 10.1 and incorporated herein by reference.
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Item 9.01(d). |
Financial Statements and Exhibits. |
The following is filed as an exhibit to this Current Report on Form 8-K/A:
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10.1 |
Amendment dated as of August 9, 2017 to Employment Agreement between CNO and Gary C. Bhojwani. |
CNO Financial Group, Inc. ExhibitEX-10.1 2 cno08092017ex101.htm EXHIBIT 10.1 Exhibit Exhibit 10.1AMENDMENT TO EMPLOYMENT AGREEMENT This AMENDMENT TO EMPLOYMENT AGREEMENT is entered into this 9th day of August,…To view the full exhibit click here
About CNO Financial Group, Inc. (NYSE:CNO)
CNO Financial Group, Inc. is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products through a field force of career agents and sales managers supported by a network of sales offices. The Washington National segment markets and distributes supplemental health, including specified disease, accident and hospital indemnity insurance products, and life insurance. The Colonial Penn segment markets graded benefit and simplified issue life insurance through television advertising, direct mail, the Internet and telemarketing.
