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
Date of Report: July 12, 2000
(Date of Earliest Event Reported)
HUMANA INC.
(Exact name of Registrant as specified in its Charter)
|
Delaware |
1-5975 |
61-0647538 |
500 West Main Street
Louisville, KY 40202
(Address of principal executive offices)
(502) 580-1000
(Registrant
Item 5. Other Events
On July 13, 2000, Humana Inc. (the "Company" or
Item 7. Financial Statements and Exhibits.
Exhibit 99.1 Copy of the Company's Press Release dated July 13, 2000
Exhibit 99.2 Copy of the Company's Press Release dated July 13, 2000
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.
HUMANA INC.
/S/ Arthur P. Hipwell
By: Arthur P. Hipwell
Senior Vice President
and General Counsel
Dated: July 13, 2000
<PAGE>
Exhibit Index
Exhibit 99.1 Copy of the Company's Press Release dated July 13, 2000
Exhibit 99.2 Copy of the Company's Press Release dated July 13,2000.
Humana Inc.
500 West Main Street
P.O. Box 1438
Louisville, KY 40201-1438
http://www.humana.com
n e w s r e l e a s e
FOR MORE INFORMATION, CONTACT:
Tom Noland
Humana Corporate Communications
Phone (502) 580-3674
E-MAIL: tnoland@humana.com
Regina Nethery
Humana Investor Relations
Phone (502) 580-3644
E-MAIL: rnethery@humana.com
Charles Brewer, chairman of
EarthLink, joins Humana's board of directors
LOUISVILLE, Ky.- July 13, 2000-Humana Inc.
(NYSE: HUM) announced today that Charles Brewer,
chairman of EarthLink (NASDAQ: ELINK) - one of the
world's largest Internet service providers - has
joined its board of directors.
Brewer's appointment is consistent with
Humana's ongoing commitment to using the speed,
convenience and cost-efficiency of Internet
technology to improve customer service and enhance
the information environment in which Humana's 5.9
million health plan members and more than 300,000
participating physicians make health care choices.
Humana is a leader in e-health connectivity and
was named the nation's 29th most Web-savvy company
by PC WEEK magazine in November 1999.
"Charles is an important addition to Humana's
board in this time of rapid change," said Michael
B. McCallister, president and chief executive
officer of Humana. "As a successful New Economy
pioneer, Charles brings to Humana both a deep
understanding of the Internet's power to transform
the transactional side of a business and a
passionate commitment to superb customer service."
- MORE -
Headquartered in Atlanta, EarthLink provides
a full range of innovative access, Web-hosting and
e-commerce solutions to 3.5 million individuals
and businesses around the world. In February
EarthLink merged with MindSpring, another leading
Internet service provider, which Brewer founded in
1994 and where he served as chairman and chief
executive officer until the merger with EarthLink.
"Humana is a health care leader with a great
heritage. I think it will have an even greater
future, and I'm proud that I will have an
opportunity to contribute to that," Brewer said.
"I hope that my experience in building a
membership-based business by emphasizing company
culture and great customer service will be
helpful."
Before founding MindSpring, Brewer, 41, was
chief executive officer of AudioFax, Inc., an
Atlanta company providing fax server software. He
was previously vice president of Sanders and
Company, a venture-capital firm based in Atlanta.
He holds a master of business administration
degree from Stanford University in Palo Alto,
Calif., and is a Phi Beta Kappa graduate of
Amherst College in Amherst, Mass., where he
received a bachelor of arts degree in economics.
Humana Inc., headquartered in Louisville,
Ky., is one of the nation's largest publicly
traded managed health care companies, with
approximately 5.9 million medical members located
primarily in 15 states and Puerto Rico. Humana
offers coordinated health care coverage through a
variety of plans -- health maintenance
organizations, preferred provider organizations,
point of service plans, and administrative service
products -- to employer groups, government-
sponsored plans, and individuals.
More information regarding Humana is
available via the Internet at www.humana.com.,
including on-line copies of our annual report to
shareholders, Form 10-K, Form 10-Qs, proxy
statement, and recent presentations to investor
groups. A publication-quality photograph of Brewer
is also available on the Web site.
# # #
500 West Main Street
P.O. Box 1438
Louisville, KY 40201-1438
http://www.humana.com
news release
For More Information Contact:
Regina Nethery
Humana Investor Relations
(502) 580-3644
E-mail: Rnethery@humana.com
Tom Noland
Humana Corporate Communications
(502) 580-3674
E-mail: Tnoland@humana.com
HUMANA APPROVES STOCK BUYBACK AND ANNOUNCES
EXPECTATIONS FOR SECOND QUARTER RESULTS
- Repurchase of up to five million shares planned
- Second quarter EPS expected to be in line with consensus
estimate of $.11 per diluted share
LOUISVILLE, KY (July 13, 2000) - Humana Inc.
(NYSE: HUM) today reported that its board of
directors authorized the repurchase of as many as
five million of its common shares. The company
has 167.7 million shares outstanding as of June
30, 2000.
The company said the shares may be repurchased
from time to time in open-market purchases, in
negotiated transactions, or by using forward-
purchase contracts.
Humana said the share repurchase will be used in
conjunction with an equity incentive plan aimed at
the retention of key employees during the
Company's turnaround.
Humana also announced that it expects its earnings
per share for the second quarter to be in line
with analysts' consensus of $.11 per diluted
share, with a full press release on the company's
second quarter results to be issued on August 3,
2000.
Humana Inc., headquartered in Louisville,
Kentucky, is one of the nation's largest publicly
traded managed health care companies, with
approximately 5.9 million medical members located
primarily in 15 states and Puerto Rico. Humana
offers coordinated health care coverage through a
variety of plans - health maintenance
organizations, preferred provider organizations,
point-of service-plans and administrative service
products - to employer groups, government-
sponsored plans and individuals.
More information regarding Humana is available via
the Internet at www.humana.com, including on-line
copies of our annual report to shareholders, Form
10-K, Form 10-Qs, proxy statement, and recent
presentations to investor groups.
This news release contains forward-looking
statements. The forward-looking statements made
in this news release are made pursuant to the safe
harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking
statements may be significantly impacted by
certain risks and uncertainties described in
Humana's annual report on Form 10-K for the year
ended December 31, 1999 and in Humana's quarterly
report on Form 10-Q for the quarter ended March
31, 2000, as filed with the Securities and
Exchange Commission.