cigna8k.htm
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
Report (Date of earliest event reported) June 25,
2008
CIGNA
Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
(State
or other jurisdiction of incorporation)
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1-08323
(Commission
File Number)
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06-1059331
(IRS
Employer
Identification
No.)
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Two
Liberty Place, 1601 Chestnut Street
Philadelphia, Pennsylvania
19192
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code:
(215)
761-1000
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02
Departure of Directors
or Principal Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On June
25, 2008, CIGNA Corporation (the “Company”) issued a press release announcing
that David M. Cordani, was appointed as President and Chief Operating Officer of
the Company, effective immediately. Mr. Cordani, age
42, has held various senior management positions at the Company, most
recently serving as President, CIGNA HealthCare since July
2005; Senior Vice President, Customer Segments & Marketing, CIGNA
HealthCare from July 2004 until July 2005; and Senior Vice President and Chief
Financial Officer, CIGNA HealthCare, from September 2002 until July
2004.
In
recognition of his new responsibilities, Mr. Cordani’s annual base salary
increased from $670,000 to $750,000. In addition, Mr. Cordani’s
Management Incentive Plan target for the 2008 performance year increased from
$575,000 to $700,000 and his long term incentive targets increased from
$1,245,000 to $1,450,000. As part of the increase to his long
term incentive targets, Mr. Cordani was granted the following transitional
strategic performance units under the long term incentive plan: (a)
1,143 units for the 2006-2008 performance period; (b) 3,430 units for the
2007-2009 performance period; and (c) 5,717 units for the 2008-2010 performance
period.
The press
release is incorporated herein by reference as Exhibit 99.1.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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CIGNA
CORPORATION
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Date: June
27, 2008
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By: |
/s/ Nicole S.
Jones
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Nicole
S. Jones
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Senior
Vice President and
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Deputy
General Counsel
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