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OFFON

CIGNA CORPORATION

(CI)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 09/27 11:41:53 am
206.725 USD   +1.39%
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CIGNA CORP : Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits (form 8-K)

07/30/2021 | 06:18am EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers



Retirement of Isaiah Harris, Jr.

On July 26, 2021, Isaiah Harris, Jr., the current Chair of the Board of Directors (the "Board") of Cigna Corporation ("Cigna" or the "Company"), informed the Board that he intends to retire at the end of the year. Mr. Harris's retirement is not a result of any disagreement with the Company.



Appointment of Neesha Hathi


On July 28, 2021, the Board appointed Neesha Hathi as an independent member of the Board, such appointment to be effective as of September 1, 2021. Ms. Hathi will serve on the Audit and Finance Committees.

Ms. Hathi will receive compensation for her service on the Board pursuant to Cigna's non-employee director compensation program as in effect from time to time during her service on the Board. The terms of Cigna's non-employee director compensation program are described in Cigna's Definitive Proxy Statement on Schedule 14A for the 2021 annual meeting of shareholders, filed with the U.S. Securities and Exchange Commission (the "SEC") on March 19, 2021, and a copy of the non-employee director compensation program has been filed as Exhibit 10.17 to Cigna's Annual Report on Form 10-K for the year ended December 31, 2020 ("2020 Form 10-K").

There is no arrangement or understanding between Ms. Hathi and any other person pursuant to which she was selected as a director. Ms. Hathi has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.



 Item 8.01 Other Events




On July 30, 2021, the Company issued a press release announcing Mr. Harris's retirement and that, effective January 1, 2022, David M. Cordani, the President and Chief Executive Officer of the Company, will assume the role of Chair of the Board and Eric C. Wiseman will become the Board's Lead Independent Director, in each case for a three-year term (subject to the re-election of each of Mr. Cordani and Mr. Wiseman to the Board during such period).

Mr. Cordani has been President and Chief Executive Officer of the Company since 2008 and has been a member of the Board since 2009. Mr. Wiseman has been a member of the Board since 2007 and has served as Chair of the People Resources Committee since 2019.

The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.




(d)         Exhibits.
Exhibit No. Description

99.1 Press Release, dated July 30, 2021.

104 Cover Page Interactive Data File (embedded within the Inline XBRL).

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 170 B - -
Net income 2021 5 358 M - -
Net Debt 2021 26 966 M - -
P/E ratio 2021 13,1x
Yield 2021 1,96%
Capitalization 69 345 M 69 345 M -
EV / Sales 2021 0,57x
EV / Sales 2022 0,51x
Nbr of Employees 72 963
Free-Float 85,4%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 203,89 $
Average target price 264,48 $
Spread / Average Target 29,7%
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Managers and Directors
David Michael Cordani President, Chief Executive Officer & Director
Brian C. Evanko Chief Financial Officer & Executive Vice President
Isaiah Harris Independent Chairman
Steven B. Miller Chief Clinical Officer & Executive Vice President
Noelle K. Eder Global Chief Information Officer & Executive VP
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