Citizens, Inc. · NYSE:CIA
Citizens — Presentation (January 2020)
8 slides from Citizens's investor presentation, Jan 24, 2020
Slide 1: Shareholder Engagement
Shareholder Engagement Strategy & Transformation Performance Key Achievements Compensation Plans Governance Highlights 1
Slide 2: Strategy & Transformation, Corporate Achievements, and Financial Performance
Strategy & Transformation, Corporate Achievements, and Financial Performance Strategy and transformation 2017 – 2019 focused on customer‐centric growth strategies to put Citizens on a stronger financial footing along with driving sustainable growth. Recognizing three top tier initiatives 1. Building
Slide 3: Current Executive Compensation Program
Current Executive Compensation Program Principles Key Components Rationale Competitive Base Salary • In light of some of the unusual challenges facing our Company, the Customary, fixed element of compensation Compensation Committee felt it was critical to have a compensation program intended to attr
Slide 4: Executive Compensation Principles: CEO Employment Agreement
Current Executive Compensation Program & Principles Citizens also entered into a new employment agreement with our CEO Geoff Kolander in January 2019. With the sole exception of certain provisions regarding severance payments upon a change in control, the key What We Do compensatory terms of Mr. Kol
Slide 5: Executive Compensation Principles: ISS Say-on-Pay Recommendation
Current Executive Compensation Program & Principles Citizens acknowledges that ISS recommended a vote against our say‐on‐pay proposal because of what they perceived to be "problematic" change in control provision in Mr. Kolander’s Employment Agreement including a modified single trigger severance ag
Slide 6: Good Corporate Governance Highlights
Good Corporate Governance Highlights Regular assessment of Board composition and attributes Separation of CEO and Chairman roles Annual election of directors Commitment to board refreshment and diversity (five directors nominated since 2017) 6
Slide 7: Good Corporate Governance Highlights (continued)
Good Corporate Governance Highlights (continued) Independent directors meet regularly in executive sessions and hold day‐long strategy sessions with executive management prior to every board meeting Annual Board and committee self‐evaluations Annual say‐on‐pay vote 7
Slide 8: Our Commitment to an Open Dialogue with our Shareholders
Our Commitment Commitment to an Open Dialogue with our STRUCTURE Shareholders STRATEGY RELATIONSHIPS We believe in building positive relationships with our shareholders. SHAREHOLDERS We are committed to engaging with our shareholders on topics such as corporate governance and executive compensation