Centene EVP Jeffrey Schwaneke resigns; receives $3M lump sum in lieu of equity vesting

CENTENE CORP

Jeffrey A. Schwaneke resigned as EVP of HealthCare Enterprises effective Sept. 22, 2021.
Separation agreement provides one year base salary and subsidized COBRA but no 2021 prorated bonus.
All outstanding unvested equity awards will not vest; Schwaneke receives $3M cash lump sum instead.
Payments contingent on execution and non-revocation of release of claims.

item 5.02

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Departed

Jeffrey A. Schwaneke

Executive Vice President of HealthCare Enterprises

CNC · CENTENE CORP

Effective: 2021-09-22
Filed: September 27, 2021, 7:59 PM ET

Centene Corporation (“Centene”) and Jeffrey A. Schwaneke, the former Executive Vice President of HealthCare Enterprises of Centene, mutually agreed that Mr. Schwaneke would resign from his employment with Centene effective as of September 22, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey A. Schwaneke resigned as Executive Vice President of HealthCare Enterprises at CENTENE CORP.

Action: resigned
Role: Executive Vice President of HealthCare Enterprises

Exact text from the filing

Centene Corporation (“Centene”) and Jeffrey A. Schwaneke, the former Executive Vice President of HealthCare Enterprises of Centene, mutually agreed that Mr. Schwaneke would resign from his employment with Centene effective as of September 22, 2021.

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Source: SEC EDGAR

accession 0001071739-21-000201

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