0001214659-20-003486.txt : 20200420 0001214659-20-003486.hdr.sgml : 20200420 20200420092041 ACCESSION NUMBER: 0001214659-20-003486 CONFORMED SUBMISSION TYPE: PX14A6G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200420 DATE AS OF CHANGE: 20200420 EFFECTIVENESS DATE: 20200420 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cigna Corp CENTRAL INDEX KEY: 0001739940 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 824991898 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: PX14A6G SEC ACT: 1934 Act SEC FILE NUMBER: 001-38769 FILM NUMBER: 20801553 BUSINESS ADDRESS: STREET 1: 900 COTTAGE GROVE ROAD CITY: BLOOMFIELD STATE: CT ZIP: 06002 BUSINESS PHONE: 8602266000 MAIL ADDRESS: STREET 1: 900 COTTAGE GROVE ROAD CITY: BLOOMFIELD STATE: CT ZIP: 06002 FORMER COMPANY: FORMER CONFORMED NAME: Halfmoon Parent, Inc. DATE OF NAME CHANGE: 20180508 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Chevedden John CENTRAL INDEX KEY: 0001734335 FILING VALUES: FORM TYPE: PX14A6G MAIL ADDRESS: STREET 1: 2215 NELSON AVE., NO. 205 CITY: REDONDO BEACH STATE: CA ZIP: 90278 PX14A6G 1 d420200px14a6g.htm

 

 

 

Cigna Corporation (CI) 

Shareholder Alert

Voluntary submission by John Chevedden, POB 2673 , Redondo Beach, CA 90278.

Cigna shareholder since 2015.

 

Important omission in 2020 Cigna proxy

 

There is an important omission in the 2020 Cigna proxy statement in regard to the management argument that goes with Proposal 4.

Management omitted in a key place that the 25% of shares that can now call a special meeting has an additional restriction.

Such shares must be held continuously for one-year.

 

This is an important restriction.

It is possible that one-third of Cigna are NOT held continuously for one-year.

Cigna slips in the one-year holding restriction in a  disconnected part of the proxy.

“To qualify for the right to request a special meeting, the required net long ownership interest must have been held continuously for at least one year prior to the date of the special meeting request.”

EDGAR Source:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1739940/000095015920000057/cigna8k.htm

 

The omission of this important fact next to Proposal 4 (which could be called sneaky) is all the more reason to vote for:
Proposal 4 – Shareholder Right to a Call Special Meeting
Resolved, Shareowners ask our board to take the steps necessary (unilaterally if possible) to amend our bylaws and each appropriate governing document to give holders in the aggregate of 10% of our outstanding common stock the power to call a special shareowner meeting.

 

Given this important omission in a key place in the proxy, shareholders can consider whether the Chairman of the Corporate Governance Committee, Ms. Donna Zarcone, deserves the vote of shareholders. 

 

 

 

Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934.* 

*Submission is not required of this filer under the terms of the Rule, but is made voluntarily in the interest of public disclosure and consideration of these important issues.

This is not a solicitation of authority to vote your proxy.  Please DO NOT send me your proxy card; the shareholder is not able to vote your proxies, nor does this communication contemplate such an event.  

 

The shareholder asks all shareholders to vote for Proposal 4 by following the instructions provided in the management proxy distribution.