0000021175-15-000077.txt : 20150603 0000021175-15-000077.hdr.sgml : 20150603 20150602181835 ACCESSION NUMBER: 0000021175-15-000077 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150602 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150603 DATE AS OF CHANGE: 20150602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNA FINANCIAL CORP CENTRAL INDEX KEY: 0000021175 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 366169860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05823 FILM NUMBER: 15908270 BUSINESS ADDRESS: STREET 1: CNA STREET 2: 333 S. WABASH CITY: CHICAGO STATE: IL ZIP: 60604 BUSINESS PHONE: 3128225000 MAIL ADDRESS: STREET 1: CNA STREET 2: 333 S. WABASH CITY: CHICAGO STATE: IL ZIP: 60604 8-K 1 cna8k.htm FORM 8-K cna8k


UNITED STATES
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 2, 2015


CNA FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)


Delaware
 
1-5823
 
36-6169860
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)




333 S. Wabash, Chicago, Illinois
 
60604
(Address of principal executive offices)
 
(Zip Code)

Registrant's telephone number, including area code (312) 822-5000


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 (see General Instruction A.2. below):
[ ] 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))



1



ITEM 5.02 APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
(c) On June 2, 2015, Registrant announced the appointment of Kevin J. Leidwinger as President and Chief Operating Officer of the Commercial Lines of Registrant, effective June 22, 2015. In connection with such appointment, Mr. Leidwinger will have an annual salary of $625,000 and is eligible to participate in the CNA Annual Incentive Plan and CNA Long-Term Incentive Plan, each at a target of 125% of his annual base salary. Mr. Leidwinger will also be eligible to participate in Registrant's 401(k) plan and other savings plans, relocation benefit program, country club membership allowance program and health and welfare benefits that are widely available to Registrant's employees. Under the terms of his employment arrangement, should Mr. Leidwinger be terminated within three years of his hire date, he is entitled to 12 months of base salary (as of the last day of employment) and annual incentive bonus (bonus calculated at target, prorated from date of hire) (collectively, the "Severance"). The Severance is only payable upon termination without Cause or if Mr. Leidwinger leaves the Registrant for Good Reason (“Cause” and “Good Reason” are terms in Mr. Leidwinger’s employment arrangement). The Severance shall be payable in a single lump sum within thirty days following termination of employment.
There is no family relationship between Mr. Leidwinger and any other executive officer of Registrant, and there is no arrangement or understanding with any other person under which he was appointed. There are no transactions to which Registrant or any of its subsidiaries is a party and in which Mr. Leidwinger has a direct or indirect material interest subject to disclosure under Item 404(a) of Regulation S-K.
The full text of Registrant's press release announcing the matters described herein is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits:
See Exhibit Index.



2



SIGNATURES

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.


 
 
CNA Financial Corporation
 
 
(Registrant)
 
 
 
Date:  June 2, 2015
By
/s/ D. Craig Mense
 
 
(Signature)
 
 
D. Craig Mense
Executive Vice President and
 Chief Financial Officer


3



EXHIBIT INDEX

Exhibit No.
 
Description
 
CNA Financial Corporation press release, issued June 2, 2015, announcing the appointment of Kevin J. Leidwinger as President and Chief Operating Officer of the Commercial Lines of Registrant, effective June 22, 2015.



4
EX-99.1 2 cnaexhibit991.htm EXHIBIT cnaexhibit99.1


FOR IMMEDIATE RELEASE

CONTACT:
 
 
Brandon Davis, 312-822-5167
 
 
Sarah Pang, 312-822-6394
 
 
KEVIN LEIDWINGER APPOINTED PRESIDENT AND CHIEF OPERATING OFFICER
OF CNA COMMERCIAL
CHICAGO, June 2, 2015 - CNA Financial Corporation (NYSE: CNA) today announced the appointment of Kevin Leidwinger as president and chief operating officer of CNA Commercial, effective June 22, 2015, reporting to Tom Motamed, chairman and chief executive officer, CNA. In this role, Kevin will lead the CNA Commercial team in executing CNA’s underwriting and profitable growth strategies.

“Kevin has a proven track record of executing on strategic goals through a focused and consistent approach to risk selection and underwriting processes,” Motamed said. “He brings more than 25 years of property and casualty insurance experience to this position. Kevin’s leadership, expertise and experience, along with his ability to build trusted internal and external working relationships, will continue our progress to profitably grow our Commercial Lines operations.”

Kevin joins CNA from The Chubb Group of Insurance Companies, where he most recently served as Global Casualty Manager, overseeing a $3.3 billion worldwide portfolio of General Liability, Workers’ Compensation, Excess Umbrella, Auto, Errors and Omissions and Environmental business. Prior to this role at Chubb, he served in a number of senior positions, including Global Liability Product Line Manager and U.S. Field Operations Manager.

Kevin holds a bachelor’s degree in political science from Dickinson College

About CNA
Serving businesses and professionals since 1897, CNA is the country’s eighth largest commercial insurance writer and the 13th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration.  For more information, please visit CNA at www.cna.com. "CNA" is a service mark registered by CNA Financial Corporation with the United States Patent and Trademark Office. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities.

Follow CNA on: Facebook | Twitter | LinkedIn

###




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