secwatch.observer — SEC 8-K summary
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Issuer:     KEMPER Corp (KMPR)
CIK:        0000860748
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000860748-24-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kemper finalizes separation agreement with ex-CFO McKinney for $1.975M cash severance
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- Former CFO James J. McKinney to receive $1,975,000 cash severance in two installments.
- Severance includes payment for accrued PTO and up to 12 months outplacement services.
- Agreement includes 12-month non-solicitation, non-disparagement, and standstill covenants through Q2 2024 earnings.
- McKinney forfeits 2023 cash bonus and outstanding equity awards per plan terms.
- Separation follows his September 2023 resignation; employment ended Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860748/000086074824000012/0000860748-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860748/000086074824000012/kmpr-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000860748-24-000012

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