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
(d) Effective August17, 2017, the Board of Directors (the “Board”) of Humana Inc. (the “Company”) expanded its number of authorized directors from ten to eleven and elected Mr.FrankJ. Bisignano as a director of the Company.
The Board of Directors has determined that (i)Mr.Bisignano is independent within the meaning of the New York Stock Exchange’s director independence standards; (ii)there was no arrangement or understanding between Mr.Bisignano and any other persons to which Mr.Bisignano was selected as a director; and (iii)there are no material transactions involving Mr.Bisignano and the Company.
Mr.Bisignano will be compensated in accordance with the Company’s standard compensation policies and practices for the Board, the components of which were disclosed in a current report filed by the Company with the U.S. Securities and Exchange Committee on July5, 2017. In connection with his election to the Board, Mr.Bisignano also will be granted restricted stock units (RSUs) in accordance with the Company’s director compensation program. The number of the RSUs granted will be a pro rata portion of the annual stock compensation for our directors, and will be determined based upon the value of the Company’s stock as of the grant date. Mr.Bisignano has not yet been appointed to any committees of the Board.
On August21, 2017, the Company issued a press release announcing the election of Mr.Bisignano, a copy of which is attached hereto as Exhibit 99.1, and is incorporated by reference herein.
| Item 5.02 | Financial Statements and Exhibits. |
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Exhibit No. |
Description |
| 99.1 | Press Release, dated August21, 2017 |
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HUMANA INC ExhibitEX-99.1 2 d418725dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 n e w s r e l e a s e FOR MORE INFORMATION,…To view the full exhibit click here
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.