UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): April 2, 2009
CONSECO, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-31792 75-3108137
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
organization)
11825 North Pennsylvania Street
Carmel, Indiana 46032
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(Address of principal executive offices) (Zip Code)
(317) 817-6100
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(Registrant's telephone number, including area code)
Not Applicable
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(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:
[ ] 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 of Certain Officers.
On April 2, 2009, the Human Resources and Compensation Committee (the
"Committee") of the Board of Directors of Conseco, Inc. (the "Company") approved
payments to the following named executive officers under the Company's Pay for
Performance ("P4P") Incentive Plan based on their respective performances with
respect to the targets that had been set for the year ended December 31, 2008:
Name Title P4P Bonus Payment Payment Amount as a
Percentage of Target
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Edward J. Bonach Chief Financial Officer $263,040 56%
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Eric R. Johnson President, 40|86 141,223 28
Advisors, Inc.
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Scott R. Perry President, Bankers Life 126,868 29
and Casualty Company
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Steven M. Stecher President, Conseco 170,172 42
Insurance Group
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At his request, the Committee did not award a P4P bonus payment for 2008 to C.
James Prieur, the Company's Chief Executive Officer. Based on 2008 results, the
amount that would have been payable to Mr. Prieur was approximately $630,000. In
addition to the payments set forth above, the Committee approved a retention
bonus of $500,000 to Mr. Bonach in recognition of his executive leadership role,
payable on December 31, 2010, assuming continued employment through that date.
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.
CONSECO, INC.
April 8, 2009
By: /s/ John R. Kline
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John R. Kline
Senior Vice President and
Chief Accounting Officer