KEMPER Corp 8-K, filed Sep 18, 2023
KEMPER Corp (KMPR)
About this 8-K
KEMPER Corp filed this 8-K on September 18, 2023, reporting on events of September 13, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Section 5 – Corporate Governance and Management
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On September 15, 2023, Kemper Corporation (“Kemper” or the “Company”) issued a press release announcing the appointment of Bradley T. Camden, Senior Vice President and Treasurer, as Interim Chief Financial Officer and the Company’s principal financial officer, effective September 13, 2023. Mr. Camden replaces James J. McKinney, who will serve as a senior advisor to the Company to support a smooth transition. A copy of the press release announcing Mr. Camden’s appointment is filed herewith as Exhibit 99.1.
Mr. Camden, age 44, joined the Company in 2020 as Treasurer. Prior to joining the Company, Mr. Camden spent 15 years at Northern Trust Asset Management, where he served in a number of finance leadership roles.
Mr. Camden has previously entered into an indemnification agreement and a change in control agreement with the Company, the forms of which have been filed as exhibits to the Company’s annual report filed with the SEC. There are no arrangements or understandings between Mr. Camden and any other persons pursuant to which he was selected as the Company’s interim principal financial officer. There are no family relationships between Mr. Camden and any director or executive officer of the Company. The Company has not entered into any transactions with Mr. Camden that would require disclosure pursuant to Item 404(a) of Regulation S-K.
The Company and Mr. McKinney are expected to enter into a transition agreement governing the terms of Mr. McKinney’s service as a senior advisor to the Company and his separation from the Company without cause.
Section 9 – Financial Statements and Exhibits
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Exhibit Description | |
| 99.1 | Press Release of the Registrant dated September 15, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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.
| Kemper Corporation | ||||||
| By: | /s/ C. Thomas Evans, Jr. | |||||
| C. Thomas Evans, Jr. | ||||||
| Executive Vice President, Secretary and General Counsel | ||||||
| Date: September 18, 2023 | ||||||
Exhibit 99.1
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| Kemper Corporation 200 East Randolph Street Suite 3300 Chicago, IL 60601 kemper.com |
Press Release
Kemper Announces Appointment of Interim Chief Financial Officer
CHICAGO, September 15, 2023 – Kemper Corporation (NYSE: KMPR) today announced the appointment of Bradley T. Camden, its Senior Vice President and Treasurer, as Interim Chief Financial Officer, effective immediately. Camden will report to Joseph P. Lacher, Jr., Kemper’s President, CEO and Chairman, and replaces James J. McKinney, who will serve as a senior advisor to the company to support a smooth transition. Kemper is initiating a formal search process as part of the selection of a permanent Chief Financial Officer.
“Jim has been a valuable member of our leadership team and I thank him for his many contributions over a seven year tenure at Kemper,” said Lacher. “I appreciate his partnership and wish him well in his future endeavors.”
Lacher continued, “Brad brings an extensive track record and deep financial leadership experience to this role. I have the utmost confidence in his abilities as we move forward. He is a talented senior leader who is well-known and respected by our Board, shareholders and his colleagues. He has a strong background in building and leading high-performing teams, and is an excellent communicator. We are well-positioned to continue executing on our strategic priorities under his leadership.”
Camden joined Kemper in 2020 as Treasurer and has since led many of the company’s critical strategic initiatives, including formation of Kemper Bermuda Ltd. and the Kemper Reciprocal exchange, as well as the company’s capital market management, and ALM and risk management initiatives. He is also a key lead on the company’s corporate development activities. Prior to Kemper, Camden spent 15 years at Northern Trust Asset Management, where he served in a number of finance leadership roles including Head of Long Duration Fixed Income, Head of Active and Quantitative Strategies, Director of Fixed Income Strategy, among others. He has a B.A. in economics from DePauw University and is a Chartered Financial Analyst (CFA).
About Kemper
The Kemper family of companies is one of the nation’s leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.9 million policies, is represented by approximately 26,000 agents and brokers, and has approximately 8,800 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper at Kemper.com.
News Media: Barbara Ciesemier, 312.661.4521, bciesemier@kemper.com
Investors: Karen Guerra, 312.661.4930, investors@kemper.com