SEC Filing Summary: Conseco, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Conseco, Inc. (Delaware) on October 12, 2006, covering events occurring on October 6, 2006, and October 12, 2006. The filing addresses executive compensation adjustments and a dividend declaration on preferred stock.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric disclosed is the declaration of a dividend on outstanding shares of Class B 5.50% Mandatorily Convertible Preferred Stock.
Material Changes
- Executive Compensation: An Amended and Restated Employment Agreement was executed with Eric R. Johnson, Executive Vice President, Investments. The term was extended to September 10, 2007. While base salary and other compensation components remained unchanged, provisions regarding termination payments (without "Just Cause" or "With Reason") and "Change in Control" scenarios were modified to align with other company executives.
- Dividend Declaration: The company declared a dividend on its Class B 5.50% Mandatorily Convertible Preferred Stock.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future financial guidance, outlook, or specific risk factors. The document focuses strictly on the disclosure of the employment agreement amendment and the dividend announcement pursuant to Regulation FD.
Investor Verification Checklist
- Verify the specific dividend amount and payment date for the Class B 5.50% Mandatorily Convertible Preferred Stock in the referenced press release (Exhibit 99.1).
- Review the full text of the Amended and Restated Employment Agreement (Exhibit 10.12) to understand the specific changes to termination and change-in-control provisions for Eric R. Johnson.
- Confirm the total outstanding shares of Class B Preferred Stock to assess the aggregate dividend liability.