Horace Mann Educators Corporation (HMN) Earnings Call Transcript & Summary

Thank you, Mr. Chairman. Broadridge Financial Solutions, Inc. has been assisting us this morning and coordinating our efforts to tabulate the votes. As to the legal formalities, I have an affidavit signed by Broadridge, stating that all appropriate shareholder meeting notices and documents were provided on or about April 6, 2020, to all shareholders of record as of March 24, 2020, the record date. We have present by proxy holders of approximately 40 million shares of stock, constituting 96.8% of the 41,277,498 shares of the corporation's outstanding common stock entitled to vote at this meeting. Therefore, you have a quorum, Mr. Chairman.

Thank you. I declare that a quorum of shareholders is present and the meeting is duly convened. The minutes of the 2019 Annual Shareholders Meeting of Horace Mann Educators Corporation are available on the web portal for today's meeting. The next order of business will be the voting by the shareholders on 3 items: First, the election of 9 directors of the corporation to serve until the next annual meeting of the shareholders. Secondly, the approval of the advisory resolution on Named Executive Officers' compensation. And third, the ratification of the appointment of KPMG, LLP as the company's auditors for 2020. All proposals are detailed in the proxy statement. If you have not done so, any shareholder who wishes to vote or change their vote, please do so now. I'll pause for a minute. [Voting]

I now declare the voting on the business matters of today's agenda closed. The final vote results will be disclosed in an 8-K following the meeting. Next, I would like to turn the meeting over to Marita Zuraitis, who would like to share a few words.

At Horace Mann, we are dedicated to taking care of the educators preparing our children for the future, supporting our employees, giving back to the communities in which we live and work, and providing our shareholders with solid long-term return. During the challenging times brought on by the COVID-19 pandemic, we believe we have a responsibility to do more to help support the people who support us. We have provided our customers financial flexibility through an auto premium credit, grace periods on payments and enhanced coverages for those delivering essential goods. We have added policies and procedures to protect the 95% of our employee base working from home and the essential workers in our offices. We are giving back to the communities in which we live and work, including support to help teachers provide the highest-needs students, the educational materials and technology they need to learn from home. To learn more about the company, our strategy and our financial performance, visit investors.horacemann.com, and thank you for being a shareholder.

Marita, thank you for your comments. I now call on Mr. Carley to report to you on the preliminary shareholder vote on the business items before this meeting today.

Thank you, Mr. Chairman. I, as Inspector of Election, certify that approximately 39.3 million shares or more than 99% have voted for the election of each of the persons nominated as Director. Approximately 38.7 million shares or 99% have been voted approving the advisory resolution on Named Executive Officers' compensation; and finally, approximately 38.5 million shares or 97% have been voted ratifying the appointment of KPMG as the company's auditors for 2020.

Thank you. I hereby declare that the 9 directors who were nominated for election are duly elected to the Board of Directors, the advisory resolution on Named Executive Officers' compensation is approved and KPMG has been ratified as the company's auditors for 2020. Congratulations, ladies and gentlemen, thank you for your willingness to shoulder the responsibilities your position on the Board requires. We did not receive any questions from shareholders for today's meeting. However, the company and management always welcomes the opportunity to engage with our shareholders and address questions. There being no further business before the meeting, I declare the meeting adjourned. Thank you again for attending. We appreciate your ongoing support of Horace Mann.