CNO 8-K
CNO Financial Group, Inc. (CNO)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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| Item 5.02. | Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 1, 2024, the Board of Directors (the “Board”) of CNO Financial Group, Inc. (the “Company”) appointed Jessica A. Turner to serve as an independent director, increasing the size of the Board to nine members. Ms. Turner was also appointed to the Audit and Enterprise Risk Committee and the Governance and Nominating Committee of the Board.
Ms. Turner’s compensation will be consistent with the Company’s previously disclosed standard compensatory arrangements for non-employee directors, which are described in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on March 27, 2024, under the heading “Board and Governance Matters—Director Compensation.” Ms. Turner’s compensation will be prorated to reflect the commencement date of her Board service. In addition, the Company expects to enter into an indemnification agreement with Ms. Turner in substantially the form filed as Exhibit 10.16 to its Annual Report on Form 10-K for the year ended December 31, 2008. Other than these standard arrangements, there are no arrangements or understandings between Ms. Turner and any other person pursuant to which she was appointed as a director. Ms. Turner is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the Company’s press release is attached hereto as Exhibit 99.1.
| Item 9.01(d). | Financial Statements and Exhibits. |
The following materials are furnished as exhibits to this Current Report on Form 8-K:
| 99.1 | Press release of CNO Financial Group, Inc., dated October 1, 2024. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
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.
| CNO Financial Group, Inc. | ||
| Date: October 1, 2024 | ||
| By: | /s/ Paul H. McDonough | |
| Paul H. McDonough | ||
| Executive Vice President and Chief Financial Officer | ||
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Exhibit 99.1
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For Immediate Release
CNO Financial Group Appoints Jess Turner to its Board of Directors
CARMEL, Ind., Oct. 1, 2024 – CNO Financial Group, Inc. (NYSE: CNO) announced today that its board of directors has appointed Jess Turner as a director, effective immediately. Turner is Executive Vice President and Global Head of Open Banking and API at Mastercard (NYSE: MA), a global technology company in the payments industry, and is a member of its Management Committee. Turner’s appointment increases the size of the CNO board to nine directors.
“We are very pleased to welcome Jess to CNO's board of directors,” said Board Chair Dan Maurer. “As a senior technology executive of a publicly traded company, Jess brings significant fintech, financial services and management experience to the board. Her expertise in tech-enabled customer experiences, digital product development and technology security will prove instrumental in the advancement of CNO’s strategic growth priorities.”
In her role as Executive Vice President and Global Head of Open Banking and API at Mastercard, Turner leads the development and build-out of new products and technologies to enable the future of open banking, while driving innovation with key partners across the ecosystem, including fintech companies and governments globally. Before this leadership position, she served as the Executive Vice President of New Digital Infrastructure and Fintech, where she led the strategy, design, development and commercialization of Mastercard’s blockchain, digital assets, crypto and open banking products.
In more than 18 years at Mastercard, she has been responsible for delivering both product and digital solutions and advancing the company’s inclusive growth strategy in North America. Prior to joining Mastercard, she led product development at Affinion Loyalty Group after beginning her career at Capital One.
Turner received a bachelor’s degree in business administration from the University of Miami.
About CNO Financial Group
CNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial services, and workforce benefits solutions through our family of brands, including Bankers Life, Colonial Penn, Optavise and Washington National. Our customers work hard to save for the future, and we help protect their health, income and retirement needs with 3.2 million policies and $36 billion in total assets. Our 3,500 associates, 4,800 exclusive agents and more than 5,000 independent partner agents guide individuals, families and businesses through a lifetime of financial decisions. For more information, visit CNOinc.com.
For further information:
CNO News Media
Valerie Dolenga
CNO Investor Relations
Adam Auvil