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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 (Date of earliest event reported): April 6, 2000
AETNA INC.
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(Exact Name of Registrant as Specified in its Charter)
Connecticut 1-11913 02-0488491
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
151 Farmington Avenue
Hartford, Connecticut 06156
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(Address of Principal Executive Offices) (Zip Code)
(860) 273-0123
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(Registrant's telephone number, including area code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. Other Events.
On April 6, 2000, Aetna Inc. issued a press release announcing that it has
retained an executive recruiting firm to assist in a search for a chief
executive officer for the health benefits company that will be created when the
Company completes its previously announced separation into two independent
publicly traded companies. The press release is attached hereto as
Exhibit 99.1.
Exhibit 99.1 - Press Release dated April 6, 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.
AETNA INC.
Date: April 6, 2000 By /s/ Alan M. Bennett
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Name: Alan M. Bennett
Title: Vice President and
Corporate Controller
EXHIBIT 99.1
151 Farmington Avenue
Hartford, Conn. 06156
MEDIA CONTACT:
Joyce A. Oberdorf
860-273-7392
[email protected]
INVESTOR CONTACT:
Robyn S. Walsh
860-273-6184
[email protected]
AETNA TO ENHANCE MANAGEMENT OF HEALTH COMPANY
-- Health CEO Search Important Step Toward Public Ownership --
HARTFORD, CT, APRIL 6, 2000 -- Aetna (NYSE: AET) today announced it has retained
an executive recruiting firm to assist in a search for a chief executive officer
for the health benefits company that will be created when the company is
separated into two independent publicly traded companies.
Aetna Chairman and CEO William H. Donaldson said, "We are engaged in a
comprehensive process to improve shareholder value and the quality of service to
our customers. Enhancing the management strength of the health business as it
prepares to become a publicly traded company is an important part of the
process. In addition, we are continuing with the comprehensive review of our
health business model with the goal of building on our industry-leading
franchise, and improving financial performance and relationships with
physicians, hospitals and patients.
"Our goal is to bring in the new health CEO as soon as possible, certainly well
before the company becomes independent," Donaldson said.
A Fortune 50 company, Aetna provides nearly 47 million people worldwide with
quality products, services and information to help them manage best what matters
most: their health and financial well-being.
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