CNO extends CEO Bhojwani's contract to 2028 and renews poison pill through 2026

CNO Financial Group, Inc.

CEO Gary C. Bhojwani employment term extended to April 1, 2028 with auto-renewal provisions.
Fifth Amended Section 382 Rights Agreement extends poison pill to November 13, 2026 to protect NOLs.
Rights Agreement purchase price set at $110.00 per one-thousandth of Series F Preferred Stock.
Rights Agreement requires shareholder approval at 2024 annual meeting; otherwise expires Nov 10, 2024.

item 1.01 item 3.03 item 5.02 item 5.03 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CNO Financial Group, Inc.: Filing of Certificate of Designations for Series F Junior Participating Preferred Stock and Certificate of Elimination for Series E Junior Participating Preferred Stock in connection with amended rights agreement (effective 2023-11-13).

Change: charter amendment
Effective: 2023-11-13

Exact text from the filing

the Company will file with the office of the Secretary of State of the State of Delaware (i) on November 13, 2023 a Certificate of Designations (the “ Certificate of Designations ”) for the Series F Junior Participating Preferred Stock, par value $0.01 per share, of the Company relating to the Amended Rights Agreement, and (ii) on November 14, 2023 a Certificate of Elimination (the “ Certificate of Elimination ”) for the Series E Junior Participating Preferred Stock, par value $0.01 per share, of the Company relating to the Fourth Amended Rights Agreement.

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Source: SEC EDGAR

accession 0001224608-23-000067

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