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Share Name | Share Symbol | Market | Type |
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UnitedHealth Group Inc | NYSE:UNH | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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7.40 | 1.53% | 491.51 | 493.69 | 483.94 | 484.28 | 3,652,294 | 01:00:00 |
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Delaware
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1-10864
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41-1321939
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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UnitedHealth Group Center, 9900 Bren Road East, Minnetonka, Minnesota
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55343
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(Address of principal executive offices)
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(Zip Code)
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Approved an annual base salary to $1,300,000 effective September 1, 2017.
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Approved an annual cash incentive target opportunity of 200% of base salary.
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Awarded him 30,031 stock options, 4,866 restricted stock units and 9,731 performance shares. The stock options and restricted stock units vest ratably over a four-year period and the performance shares have the same three-year cliff vesting schedule and performance criteria as the performance shares granted in February 2017.
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Entered into an amendment to his employment agreement, effective September 1, 2017 that:
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Provides Mr. Wichmann will serve as the Company’s CEO.
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Replaces subsections (c) and (d) of the definition of “Good Reason,” in Section 3.B.v of the employment agreement with the following: (c) makes changes that substantially diminish his duties or responsibilities from that of the Company’s CEO; or (d) makes changes to his reporting relationship that result in him not reporting to the Chairman.
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Approved a reduction in annual base salary to $1,000,000 effective September 1, 2017.
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Replaced the Non-Executive Chairman retainer with an annual cash retainer of $75,000.00 for serving as the Independent Lead Director effective September 1, 2017.
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Approved an annual cash incentive target opportunity of 200% of base salary.
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Awarded him 7,934 stock options, 1,286 restricted stock units and 2,571 performance shares. The stock options and restricted stock units vest ratably over a four-year period and the performance shares have the same three-year cliff vesting schedule and performance criteria as the performance shares granted in February 2017.
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Entered into an amendment to his employment agreement, effective August 15, 2017 that replaces subsections (c) and (d) of the definition of “Good Reason,” in Section 3.B.v of the employment agreement with the following:
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(c) makes changes so that Mr. Renfro no longer holds the position of Vice Chairman of the Company or another position with equivalent or greater responsibilities; or (d) makes changes to his reporting relationship that result in him not reporting to the CEO of the Company.
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Made the President an optional position (previously, the Bylaws required the Company to have a President); and
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Removed a provision inconsistent with current Delaware law that allowed directors to vote on a matter if the director was not present at the meeting.
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Exhibit
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Description
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3.1
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Bylaws of UnitedHealth Group Incorporated, effective August 15, 2017
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99.1
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Press Release issued by UnitedHealth Group Incorporated dated August 16, 2017
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UNITEDHEALTH GROUP INCORPORATED
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By:
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/s/ Dannette L. Smith
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Dannette L. Smith
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Secretary to the Board of Directors
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Exhibit
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Description
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3.1
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Bylaws of UnitedHealth Group Incorporated, effective August 15, 2017
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99.1
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Press Release issued by UnitedHealth Group Incorporated dated August 16, 2017
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1 Year UnitedHealth Chart |
1 Month UnitedHealth Chart |
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