---
schema_version: "secwatch.filing_event.v1"
accession: "0000950159-23-000262"
form_type: "8-K"
ticker: "LNC"
cik: "0000059558"
company_name: "LINCOLN NATIONAL CORP"
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:55:11.662855+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Lincoln National elects Owen Ryan to board, increasing size to 12

## Summary
- Owen Ryan elected as director effective September 11, 2023, for a term ending at 2024 annual meeting.
- Board size increased from 11 to 12; bylaw amended to authorize twelve members.
- Ryan is Chair and Co-CEO of BlackLine, with prior insurance industry experience at AEGIS Insurance.
- Board determined Ryan is independent under NYSE listing standards and qualifies for Audit/Compensation committees.
- Ryan receives pro-rated annual retainer of $275,000 ($165,000 in deferred stock units).

## SEC filing metadata
- accession: 0000950159-23-000262
- form_type: 8-K
- ticker: LNC
- cik: 0000059558
- company_name: LINCOLN NATIONAL CORP
- filed_at: 2023-09-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59558/000095015923000262/0000950159-23-000262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59558/000095015923000262/lincoln8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950159-23-000262
- JSON: https://secwatch.observer/filing/0000950159-23-000262.json
- Plain text: https://secwatch.observer/filing/0000950159-23-000262.txt

## Key facts
- Executive change
  Owen Ryan was elected as director at LINCOLN NATIONAL CORP.
  - Action: elected
  - Role: director
  source text: elected Owen Ryan to serve as a new director on the Board effective September 11, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000095015923000262/0000950159-23-000262-index.htm
- Governance Changes
  LINCOLN NATIONAL CORP: Increased the number of authorized Board members from eleven to twelve by amending Article II, Section 1 of the Bylaws (effective 2023-09-11).
  - Change: bylaw amendment
  - Effective: 2023-09-11
  source text: On September 11, 2023, the Corporation’s Board approved an amendment to the Amended and Restated Bylaws of the Corporation (the “Bylaws”), effective the same date, to modify the language in Article II, Section 1 of the Bylaws to increase the number of authorized Board members from eleven to twelve.
  evidence_url: https://www.sec.gov/Archives/edgar/data/59558/000095015923000262/0000950159-23-000262-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.