Humana Inc. (NYSE:HUM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
| (e) | On June28, 2017, the Board of Directors (the “Board”) of Humana Inc. (the “Company”), upon the recommendation of the Organization& Compensation Committee of the Board as advised by the Committee’s independent compensation consultant, approved the following revised schedule for director compensation: |
|
Executive Committee Member fee per year |
$12,000 |
|
Common Stock per year (1st Business Day of January) |
$165,000(5) in common stock (variable # of shares) |
|
Charitable Contributions Annual Match |
up to $25,000 |
|
Group Life and Accidental Death Insurance— (except Chairman) |
$150,000 of coverage |
|
Group Life and Accidental Death Insurance— Non-Employee Chairman |
$400,000 of coverage |
|
Business Travel Accident Insurance |
$250,000 of coverage |
|
Restricted Stock Units Granted Initial Date of Election |
Restricted Stock Unit grant equal to the dollar value of the then current annual stock grant for directors |
| (1) | Increased from $105,000, effective July1, 2017. |
| (2) | Increased from $185,000, effective July1, 2017. |
| (3) | Increased from $18,000, effective July1, 2017. |
| (4) | Increased from $12,000, effective July1, 2017. |
| (5) | Increased from $155,000, effective January1, 2018. |
About Humana Inc. (NYSE:HUM)
Humana Inc. is a health and well-being company. The Company’s segments include Retail, Group, Healthcare Services and Other Businesses. The Retail segment consists of Medicare benefits, marketed to individuals or directly via group accounts, as well as individual commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products. The Group segment consists of employer group commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and voluntary insurance benefits, as well as administrative services only products. The Healthcare Services segment includes services, such as pharmacy solutions, provider services, home-based services and clinical programs, as well as services and capabilities to advance population health. The Other Businesses segment includes its closed-block long-term care insurance policies.
