0000950159-12-000566.txt : 20121010 0000950159-12-000566.hdr.sgml : 20121010 20121010165055 ACCESSION NUMBER: 0000950159-12-000566 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121010 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: 20121010 DATE AS OF CHANGE: 20121010 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LINCOLN NATIONAL CORP CENTRAL INDEX KEY: 0000059558 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 351140070 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06028 FILM NUMBER: 121138119 BUSINESS ADDRESS: STREET 1: 150 N RADNOR CHESTER RD CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 4845831475 MAIL ADDRESS: STREET 1: 150 N RADNOR CHESTER RD CITY: RADNOR STATE: PA ZIP: 19087 8-K 1 lincoln8k.htm LINCOLN NATIONAL CORPORATION FORM 8-K lincoln8k.htm
 
 
 
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

October 10, 2012
Date of Report (Date of earliest event reported)


Lincoln National Corporation
(Exact name of registrant as specified in its charter)



Indiana
1-6028
35-1140070
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)


150 N. Radnor Chester Road, Radnor, PA 19087
(Address of principal executive offices)(Zip Code)


(484) 583-1400
(Registrant’s telephone number, including area code)


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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

On October 10, 2012, Lincoln National Corporation (the “Company”) announced that Robert W. Dineen, formerly President of Lincoln Financial Network (“LFN”), has been appointed Vice Chairman of LFN, as part of a phased retirement.  Will H. Fuller, formerly President of Lincoln Financial Distributors, will lead LFD and LFN in the newly appointed role of President of Lincoln Financial Group Distribution.  LFN and LFD will remain separate and distinct distribution operations under Mr. Fuller.

A press release announcing these changes is attached hereto as Exhibit 99.1.


Item 9.01.                            Financial Statements and Exhibits.
 
(d) Exhibits.

 
 
Exhibit
Number
 
Description
99.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
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.

 
   
 
LINCOLN NATIONAL CORPORATION
   
 
By        /s/ Randal J. Freitag
 
Name:  Randal J. Freitag
 
Title:    Executive Vice President and
 
  Chief Financial Officer

 
Date:  October 10, 2012

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EXHIBIT INDEX

 No.
Description
   
99.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 EX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm
 
 
 
Exhibit 99.1
 
 
                         NEWS RELEASE

LINCOLN FINANCIAL GROUP APPOINTS ROBERT DINEEN VICE CHAIRMAN, LINCOLN FINANCIAL NETWORK

Will Fuller Leads Lincoln Financial Group Distribution

David Berkowitz Named President Lincoln Financial Advisors

Philadelphia, PA, October 10, 2012 – Lincoln Financial Group (NYSE:LNC) (“Lincoln”) today announced that Robert W. Dineen, formerly President of Lincoln Financial Network (“LFN”), has been appointed Vice Chairman, Lincoln Financial Network as part of a phased retirement in the context of a planned succession process.

In this role, Dineen will work with President and CEO Dennis R. Glass to develop and refine long-term strategies at both the distribution and corporate levels.  Dineen will continue to report directly to Glass and to serve on the Senior Management Committee, and will join two additional management-level committees: the Enterprise Risk and Capital Committee as well as the Investment Committee.

Lincoln also announced a realignment of its distribution organization.  Under the new structure, LFN, which provides retail distribution services, and Lincoln Financial Distributors (“LFD”), which provides wholesale distribution services, remain separate and distinct businesses but operate under one organizational unit, Lincoln Financial Group Distribution.  Will H. Fuller, formerly President of LFD, leads this group as President, Lincoln Financial Group Distribution, and continues to report directly to Glass.  Dineen will assist Fuller in the implementing this new organizational structure and in completing the implementation of an upgraded broker/dealer platform.

Prior to joining Lincoln in early 2009, Fuller led product distribution for the Global Wealth Management division at Merrill Lynch & Co., Inc. During his career at Merrill Lynch, Fuller served in capacities of increasing responsibility and leadership for Merrill Lynch Global Wealth Management. His business management experience spans life insurance, annuities, mutual funds, managed accounts, advisory programs, banking and retirement products.

David S. Berkowitz, current Senior Vice President, Head of Lincoln Financial Advisors, has been appointed President of Lincoln Financial Network, reporting to Fuller.  Berkowitz brings 26 years of experience, including the past 10 years working alongside Dineen at LFN, and a proven track record of successfully leading distribution organizations.

Mr. Glass said, “Bob has built a very strong team at LFN, which gives us great confidence that this succession process will go smoothly and will be seamless from the perspective of our advisors and their customers.”

Glass continued, “Lincoln’s powerful distribution platforms are a great source of our competitive strength and an important component of the attractive value proposition we present to customers. This organizational change reflects our normal succession process, with no change in our distribution strategy or our longstanding commitment to both retail and wholesale distribution.”



About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates.  With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $168 billion as of June 30, 2012.  Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) plans; savings plans; and comprehensive financial planning and advisory services.  For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.
 

 
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Contacts:
Jim Sjoreen
Michael Arcaro
 
484 583-1420
484 583-1799
 
Investor Relations
Media Relations
 
investorrelations@LFG.com
Michael.Arcaro@LFG.com