TRIPLE-S MANAGEMENT CORPORATION (NYSE:GTS) 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; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Triple-S Management Corporation (the Company), upon
recommendation of the Corporate Governance and Nominating
Committee of the Board, elected Mrs. Gail B. Marcus to serve as
an independent director of the Company and fill the vacancy
created by the passing of Ms. Adamina Soto-Martinez on March 28,
2016. Mrs. Marcus appointment to the Board will be effective on
July 3, 2017 and for a term expiring in 2018.
healthcare consulting practice of Exceptional Leaders
International, a consulting company, since 2015, and as an
Assistant Professor Director of the Global Healthcare Management
and Biomedical Informatics programs at the Massachusetts College
of Pharmacy and Health Sciences since 2016. From 2012 to 2015,
Mrs. Marcus served as Chief Executive Officer and President of
Calloway Laboratories, a provider of clinical toxicology
laboratory services. Prior to that, Mrs. Marcus held a variety of
executive leadership roles with diagnostics, pharmacy benefit
management and managed care companies, including Caremark, United
Healthcare, and Cigna. Mrs. Marcus currently serves on the board
of directors of Natera, Inc., a worldwide genetic testing and
diagnostics company, and on the board of directors of Team
Better, a private company, and Engineering World Health, a
non-profit organization. Mrs. Marcus also sits on the Centers for
Medicare Medicaid Services Diagnostic Lab Advisory Committee.
Mrs. Marcus vast financial, managerial, and healthcare experience
will be a strong attribute for our Board.
Compensation and Talent Development Committees of the Board.
any other person under which Mrs. Marcus was appointed as a
director of the Company. For service as a non-management
director, Mrs. Marcus will receive an annual cash compensation of
$80,000, paid in equal monthly installments, and equity
compensation of $80,000, such compensation to be prorated for the
portion of the year in which she serves as a director.
required to be disclosed under Item 404(a) of Regulation S-K.
| 99.1 |
Press Release of the Company dated June 13, 2017,
announcing the election of Mrs. Gail B. Marcus to serve as an independent director. |
About TRIPLE-S MANAGEMENT CORPORATION (NYSE:GTS)
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors. The Life Insurance segment offers life and accident and health insurance coverage, and annuity products. The premiums for this segment are mainly subscribed through an internal sales force and a network of independent brokers and agents. The insurance lines of business of Property and Casualty Insurance segment are commercial multiple peril, auto physical damage, auto liability, and dwelling. It also offers complementary products and services, including life insurance, accident and disability insurance and property and casualty insurance.
