Current Report Filing (8-k)
April 13 2017 - 3:32PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report: April 13, 2017
HORACE MANN EDUCATORS CORPORATION
(Exact name of registrant as specified in
its charter)
Delaware
|
1-10890
|
37-0911756
|
(State
of incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer
|
|
|
Identification
No.)
|
1 Horace Mann Plaza, Springfield, Illinois
62715-0001
(Address of principal executive offices,
including zip code)
Registrant’s telephone number, including
area code: 217-789-2500
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
¨
|
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
|
|
¨
|
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
|
|
¨
|
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
|
|
¨
|
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
|
Forward-looking Information
Statements included in the
accompanying press release that state Horace Mann Educators Corporation’s (the “Company”) or its management’s
intentions, hopes, beliefs, expectations or predictions of future events or the Company’s future financial performance are
forward-looking statements and involve known and unknown risks, uncertainties and other factors. The Company is not under any obligation
to (and expressly disclaims any such obligation to) update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. It is important to note that the Company’s actual results could differ materially
from those projected in such forward-looking statements. Please refer to the Company’s Annual Report on Form 10-K for the
year ended December 31, 2016 and the Company’s past and future filings and reports filed with the Securities and Exchange
Commission for information concerning the important factors that could cause actual results to differ materially from those in
forward-looking statements.
|
Item 5.02:
|
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
|
On April 13, 2017, the Company announced the appointment of
Bret A. Conklin as its Executive Vice President and Chief Financial Officer effective on April 13, 2017. Mr. Conklin has served
as the Company’s Acting Chief Financial Officer since January 30, 2017 due to the brief hospitalization and untimely passing
of the Company’s prior Chief Financial Officer, Dwayne D. Hallman.
Mr. Conklin, age 53, is a seasoned corporate finance executive,
with over 30 years of experience in the insurance and financial services industry. Mr. Conklin joined the Company as Senior Vice
President and Controller in 2002. Conklin previously served as Vice President of Kemper Insurance from 2000 through 2002, where
he was responsible for all corporate financial reporting and accounting operations; Vice President and Controller of the Company
from 1998 through 2000; and Vice President and Controller of Pekin Insurance from 1992 through 1998. He has seven years of public
accounting experience with KPMG Peat Marwick from 1985 to 1992, specializing in its insurance industry practice.
Effective April 15, 2017, Mr. Conklin will receive a base salary
of $320,000. He will continue to participate in the Company’s Annual Incentive Plan (“AIP”) and his target bonus
will be 50% of his base salary beginning April 15
th
. Mr. Conklin will continue to participate in the Company’s
Long-term Incentive Plan (“LTIP”). His current LTIP target is $280,000 comprised of three vehicles: (1) 50% performance-based
RSUs; (2) 20% service-vested RSUs; and (3) 30% service-vested stock options. The terms and conditions of the Company’s AIP
and LTIP program are outlined in greater detail in the “Compensation Discussion & Analysis” contained in the Company’s
2017 Proxy Statement filed on April 7, 2017.
A copy of the press release reporting the foregoing is attached
as Exhibit 99.1 to this Current Report on Form 8-K.
Also, the Company announces that Kelly Stacy, head of field
operations, is leaving the Company effective April 21, 2017. Mr. Stacy’s current responsibilities will be absorbed by existing
members of the management team.
|
Item 9.01:
|
Financial Statements and Exhibits
|
|
99.1
|
Press release dated April 13, 2017.
|
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
HORACE MANN EDUCATORS CORPORATION
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Donald M. Carley
|
|
|
|
Name:
|
Donald M. Carley
|
|
|
|
Title:
|
Senior Vice President, General Counsel
and Corporate Secretary
|
|
|
|
|
|
|
|
|
|
|
|
Date: April 13, 2017
|
|
|
|
|
Horace Mann Educators (NYSE:HMN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Horace Mann Educators (NYSE:HMN)
Historical Stock Chart
From Jul 2023 to Jul 2024