aetna inc (AET) Key Developments
Aetna Inc. Names Harold L. Paz as Executive Vice President and Chief Medical Officer
Jul 9 14
Aetna announced that Dr. Harold L. Paz will join the company later in July as executive vice president and chief medical officer (EVP/CMO). Paz will lead clinical strategy and policy at the intersection of all of Aetna's domestic and global businesses. Paz has served as chief executive officer of Penn State Milton S. Hershey Medical Center, Penn State's senior vice president for health affairs and dean of its College of Medicine since April 2006. Most recently, Paz led the negotiations between Penn State Hershey and PinnacleHealth toward the formation of a new integrated healthcare enterprise across central Pennsylvania.
Aetna Reportedly Selling Coventry Health's Assets
Jun 24 14
Aetna Inc. (NYSE:AET) is reportedly looking to sell assets of Coventry Health Care Inc. Aetna is reportedly working with Bank of America Merrill Lynch on a sale.
Aetna Elects Mark T. Bertolini as a Director; Approves Amendments to the Articles of Incorporation and By-Laws
Jun 4 14
On May 30, 2014, the shareholders of Aetna approved a proposal to amend Article 11 of the Company's Amended and Restated Articles of Incorporation to eliminate the supermajority voting provisions contained in the Articles of Incorporation and a proposal to amend Article 8(a) of the Articles of Incorporation to provide holders of at least 25% of the voting power of all outstanding shares the right to call a special meeting of shareholders, and the Company effected those amendments. On May 30, 2014, the shareholders of company also approved a proposal to amend Section 5.02 of the Company's Amended and Restated By-Laws to eliminate the supermajority voting provisions contained in the By-Laws. Also on May 30, 2014, following the effectiveness of the amendment to Article 8(a) of the Articles of Incorporation, the company's Board of Directors amended Sections 1.03 and 1.04 of the By-Laws to address procedural issues in connection with the exercise of the shareholders' right to call a special meeting of shareholders. In addition, on May 30, 2014, the Board amended Section 4.01 of the By-Laws to eliminate the second sentence of such Section 4.01 (regarding appointment of certain officers), which was determined to be unnecessary.
The shareholders also elected the director nominee Mark T. Bertolini as a director of the company until the next Annual Meeting and until their successors are duly elected.
Aetna Inc. Presents at Goldman Sachs 35th Annual Global Healthcare Conference, Jun-11-2014 10:00 AM
May 31 14
Aetna Inc. Presents at Goldman Sachs 35th Annual Global Healthcare Conference, Jun-11-2014 10:00 AM. Venue: Terranea Resort in Rancho Palos Verdes, 100 Terranea Way, Los Angeles, California, United States. Speakers: Mark T. Bertolini, Chairman, Chief Executive Officer, President, Chairman of Executive Committee, Member of Investment & Finance Committee and Member of Investment & Finance Committee.
Aetna Inc. Declares Quarterly Cash Dividend, Payable on July 25, 2014
May 30 14
The Board of Directors of Aetna Inc. declared a quarterly cash dividend of $0.225 per share on the company's common stock. The dividend is payable on July 25, 2014, to shareholders of record at the close of business on July 10, 2014.