secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN NATIONAL CORP (LNC)
CIK:        0000059558
Form:       8-K
Filed at:   2021-08-30T23:59:59+00:00
Accession:  0001564590-21-046380
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln National announces CEO succession: Ellen Cooper to succeed Dennis Glass after 2022 annual meeting
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- Dennis Glass will retire as president and CEO after the 2022 annual meeting and become board chairman.
- Ellen Cooper, current EVP, CIO, head of Enterprise Risk and Annuity Solutions, will become president and CEO.
- William Cunningham will assume the role of independent lead director upon Glass becoming chairman.
- Cooper's annual base salary set at $1,125,000; eligible for 225% AIP and 575% LTIP target awards.
- Board size increased from 13 to 14 directors effective as of the 2022 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59558/000156459021046380/0001564590-21-046380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59558/000156459021046380/lnc-8k_20210827.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-046380

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