CNO Financial Group, Inc. 8-K 2016
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 6, 2016
CNO Financial Group, Inc.
(Exact Name of Registrant as Specified in Charter)
11825 North Pennsylvania Street
Carmel, Indiana 46032
(Address of Principal Executive Offices) (Zip Code)
(Registrant's telephone number, including area code)
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:
On April 11, 2016, CNO Financial Group, Inc. (“CNO” or the “Company”) announced that Gary C. Bhojwani, age 48, has been named President of the Company, effective April 18, 2016. Mr. Bhojwani most recently served as a Member of the Board of Management at Allianz SE, Chairman of Allianz of America, Allianz Life Insurance Company, and Fireman’s Fund Insurance Company from 2012 to January 1, 2015. From 2007 to 2012, he served as President of Allianz Life Insurance Company of North America. From April 2015 until joining CNO, Mr. Bhojwani served as Chief Executive Officer of GCB, LLC, an insurance and financial services consulting company that he founded. He has been a director of Hormel Foods Corporation since 2014. Mr. Bhojwani succeeds Chief Business Officer Scott Perry, who has decided to pursue other opportunities. Mr. Perry’s resignation is effective April 11, 2016.
On April 11, 2016, the Company also announced that announced that Erik M. Helding, age 43, has been named Executive Vice President and Chief Financial Officer, effective April 11, 2016. Mr. Helding became Senior Vice President of Treasury & Investor Relations for CNO in 2012 and has overseen the financial operations of the Company on an interim basis after the resignation of his predecessor. Prior to 2012, he served as VP of Enterprise Financial Planning & Analysis. He joined CNO in 2004 as Director of Finance for Bankers Life and Colonial Penn. Prior to joining CNO, Mr. Helding held finance positions with GE Capital from 1999-2004.
The Company has entered into a three-year employment agreement with Mr. Bhojwani which provides that he will receive the following:
A copy of the Employment Agreement with Mr. Bhojwani is filed as Exhibit 10.1 to this Form 8-K, and a copy of the press release relating to his appointment is filed as Exhibit 99.1 to this Form 8-K. The foregoing summary description of the Employment Agreement is qualified in its entirety by reference to such exhibits.
In addition, the Company has entered into a three-year employment agreement with Mr. Helding which provides that he will receive the following:
A copy of the Employment Agreement with Mr. Helding is filed as Exhibit 10.2 to this Form 8-K, and a copy of the press release relating to his appointment is filed as Exhibit 99.1 to this Form 8-K. The foregoing summary description of the Employment Agreement is qualified in its entirety by reference to such exhibits.
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.