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 29, 1996
(Date of Earliest Event Reported)
HUMANA INC.
(Exact name of Registrant as specified in its Charter)
Delaware 1-5975 61-0647538
(State of (Commission (I.R.S. Employer Tax
Incorporation) File Number) Identification No.)
500 West Main Street
Louisville, KY 40202
(Address of principal executive offices)
(502) 580-1000
(Registrant's telephone number, including area code)
Item 5. Other Events
On July 29, 1996, Humana Inc. (the "Company" or "Registrant") issued a
press release, a copy of which is attached hereto as Exhibit 99 and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
Exhibit 99. Copy of the Company's Press Release dated July 29, 1996.
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 29, 1996
<PAGE>
Exhibit Index
Exhibit 99. Copy of the Company's Press Release dated July 29, 1996.
EXHIBIT 99
FOR FURTHER INFORMATION:
Laurie Scarborough
Investor Relations
(502) 580-1037
Greg Donaldson
Public Affairs
(502) 580-3683
HUMANA ANNOUNCES CORPORATE REORGANIZATION
LOUISVILLE, KENTUCKY (July 29, 1996) --Humana Inc.(NYSE: HUM) today
announced details of a corporate reorganization. As part of the
reorganization, the company intends to enhance medical management and
customer service through a redirection of resources, and strengthen its
sales and marketing capabilities.
"Humana needs to get closer to its customers, reduce corporate
bureaucracy and streamline its decision-making," said the company's
recently appointed Chief Operating Officer Gregory H. Wolf.
"Our goal is to improve the health of our members and provide value
to our customers, partners and shareholders."
The company has realigned senior management resources to bring
greater focus to key operating areas, including provider affairs and
reengineering, customer service and quality, sales, marketing,
specialty products and services, and risk management.
"We are doubling the time and attention paid to medical management,"
said Wolf. "Our success in the future is tied to our ability to work with
our providers as partners."
Separately, Humana announced that it has accepted the resignation of
W. Roger Drury, chief financial officer, effective immediately. No
successor has been named.
Humana Inc., headquartered in Louisville, Ky., is one of the nation's
largest publicly-traded managed care companies with more than 3.7 million
health plan members primarily in 22 states and the District of Columbia.
Humana employs approximately 18,000 people nationwide. The company offers
coordinated health care through a variety of products and services:
health maintenance organizations, preferred provider organizations,
point-of-service plans and administrative-services-only plans.
