Business Context and Reporting Period
This Form 8-K filing by Centene Corporation (CNC) was submitted on February 20, 2025, with a signature date of February 24, 2025. The report focuses on corporate governance changes rather than financial performance.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report does not contain financial statements or operational metrics.
Material Changes
The primary material change reported is the expansion of the Board of Directors from 11 to 12 members. Kenneth Tanji was elected to fill the new vacancy, effective February 20, 2025. His term will expire at the 2025 annual meeting of stockholders.
Management Commentary and Governance Details
- New Director Profile: Kenneth Tanji previously served as Executive Vice President and Chief Financial Officer of Prudential Financial, Inc. (2018–2024) and held various leadership roles there from 1988 to 2018. He currently serves on the board of The Public Service Enterprise Group, Inc., and is a Corporate Finance professor at Rutgers University.
- Committee Assignment: Mr. Tanji will serve as a member of the Audit and Compliance Committee.
- Compensation: He will participate in the Company's standard non-employee director compensation program as described in the proxy statement filed on March 28, 2024.
- Related Party Transactions: The filing confirms no family relationships with existing directors or officers and no related party transactions involving Mr. Tanji.
Investor Verification Checklist
- Verify the effective date of the Board expansion and Mr. Tanji's term expiration at the 2025 annual meeting.
- Review the Company's proxy statement filed on March 28, 2024, to confirm the specific details of the non-employee director compensation program.
- Confirm Mr. Tanji's current board service at The Public Service Enterprise Group, Inc., to assess potential time commitment conflicts.
- Note that this filing contains no financial data; refer to the most recent 10-Q or 10-K for financial performance metrics.