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., a Delaware corporation and successor to the Indiana-based Conseco, Inc. (Predecessor), on August 9, 2004. The report discloses a material legal settlement regarding regulatory investigations.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on a legal disclosure under Regulation FD.
Material Changes and Events
The primary material event reported is the entry into a settlement agreement with the Securities and Exchange Commission (SEC) and the New York Attorney General. This settlement resolves a joint investigation into market timing practices in variable annuities issued by a former subsidiary of the Predecessor company.
Outlook, Risks, and Management Commentary
- Regulatory Settlement: The Company has settled the investigation concerning market timing in variable annuities.
- Disclosure: A press release detailing the settlement was issued on August 9, 2004, and is filed as Exhibit 99.1.
- Future Guidance: The filing text does not provide updated financial guidance or specific management commentary on future operational impacts beyond the settlement announcement.
Key Facts for Investor Verification
- Verify the specific financial terms and penalties of the settlement with the SEC and New York Attorney General by reviewing Exhibit 99.1 (Press Release).
- Confirm the identity of the "former subsidiary" involved in the variable annuity market timing investigation.
- Assess potential future legal or reputational risks associated with the Predecessor's historical practices.
- Note that this filing contains no quantitative financial updates for the period.