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Unum Group – ‘8-K’ for 3/1/21

On:  Tuesday, 3/2/21, at 5:13pm ET   ·   For:  3/1/21   ·   Accession #:  5513-21-42   ·   File #:  1-11294

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/02/21  Unum Group                        8-K:5,9     3/01/21   14:445K

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     32K 
 2: EX-10.1     Material Contract                                   HTML     73K 
 3: EX-10.2     Material Contract                                   HTML     71K 
10: R1          Document and Entity Information                     HTML     53K 
12: XML         IDEA XML File -- Filing Summary                      XML     13K 
 9: XML         XBRL Instance -- unm-20210301_htm                    XML     27K 
11: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 5: EX-101.CAL  XBRL Calculations -- unm-20210301_cal                XML      7K 
 6: EX-101.DEF  XBRL Definitions -- unm-20210301_def                 XML     45K 
 7: EX-101.LAB  XBRL Labels -- unm-20210301_lab                      XML     92K 
 8: EX-101.PRE  XBRL Presentations -- unm-20210301_pre               XML     44K 
 4: EX-101.SCH  XBRL Schema -- unm-20210301                          XSD     13K 
13: JSON        XBRL Instance as JSON Data -- MetaLinks               15±    22K 
14: ZIP         XBRL Zipped Folder -- 0000005513-21-000042-xbrl      Zip     46K 

‘8-K’   —   Current Report

This is an HTML Document rendered as filed.  [ Alternative Formats ]

 iX:   C:  C: 
 i 0000005513 i false00000055132021-03-012021-03-010000005513exch:XNYSus-gaap:CommonClassAMember2021-03-012021-03-010000005513exch:XNYSunm:A6250JuniorSubordinatedNotesDue2058Member2021-03-012021-03-01

Washington, D.C. 20549

FORM  i 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):  i March 1, 2021

(Exact name of registrant as specified in its charter)
 i Delaware
 i 62-1598430
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

 i 1 Fountain Square
 i Chattanooga,  i Tennessee  i 37402
(Address of principal executive offices) (Zip Code)

( i 423)  i 294-1011
(Registrant's telephone number, including area code)

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):
 i Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
 i Common stock, $0.10 par value  i UNM  i New York Stock Exchange
 i 6.250% Junior Subordinated Notes due 2058 i UNMA i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 i Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Consistent with previously disclosed changes to the executive compensation program, on March 1, 2021, the Human Capital Committee (the “Committee”) of the Board of Directors of Unum Group (the “Company”) awarded 50% of executives’ 2021 long-term incentives in the form of cash incentive units (“CIUs”), which are denominated and settled in cash, in lieu of performance share units. As in previous years, the remaining 50% of 2021 long-term incentives was granted in the form of performance-based restricted stock units, which vest ratably over three years from grant. The long-term incentives were awarded after the Committee confirmed that the 2020 corporate performance requirement previously established by the Committee as a condition to funding them had been met. The Committee determined that the CIUs will be earned based on the achievement of critical shareholder return measures for adjusted book value growth, dividend yield and relative total shareholder return, in each case over the three-year performance period from January 1, 2021 through December 31, 2023. From 0% to 200% of the targeted CIU award value may be earned following completion of the performance period based on the Company’s performance against these metrics. The target CIU values granted to each of the Company’s named executive officers were as follows: Richard P. McKenney - $3,750,000, Steven A. Zabel - $600,000, Michael Q. Simonds - $847,459, Timothy G. Arnold - $328,148, and Lisa Iglesias - $371,250. The foregoing description of the CIUs is not complete and is qualified in its entirety by reference to the full text of the applicable Forms of Cash Incentive Unit Agreement, copies of which for recipients in the U.S. and the U.K. are attached hereto as Exhibits 10.1 and 10.2, respectively.

Item 9.01    Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.Description
104Cover Page Interactive Data File (embedded with the Inline XBRL document).


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.
Unum Group
Date: March 2, 2021By:/s/ J. Paul Jullienne
Name:J. Paul Jullienne
Title:Vice President, Managing Counsel, and
Corporate Secretary

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:3/2/21
For Period end:3/1/214
 List all Filings 
Filing Submission 0000005513-21-000042   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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