Conseco Expands Director/Officer Stock Purchase Plan.CARMEL, Ind IND Investigational new drug Therapeutics A status assigned by the FDA to a drug before allowing its use in humans, exempting it from premarketing approval requirements so that experimental clinical trials may be conducted. See Phase 1.2, 3 studies, Sponsorship. .--(BUSINESS WIRE)--July 30, 1998--The board of directors of Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) today expanded a program originally implemented in April 1996 which is designed to encourage long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. shareholders by directors and officers of the company. The board approved the purchase of up to 4 million additional shares in the program. Under the program, directors and officers have purchased in the open market a total of 8 million shares since April 1996. Purchases under the program are financed with personal bank loans. Conseco guarantees the loans, but is indemnified by the participants. Under the program, shares may be purchased in the open market or in negotiated transactions with independent parties. Headquartered in Carmel, Ind., Conseco is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization dedicated to providing its customers with solutions for both wealth protection and wealth creation. Through its subsidiaries, Conseco is one of the nation's leading providers of supplemental health insurance, retirement annuities, universal life insurance and consumer finance products and services.
CONTACT: Conseco, Inc.
Jim Rosensteele, 317/817-2893
World Wide Web: http://www.conseco.com
Investor Hotline: 800.4.CONSECO
Fax-on-Demand: 800.344.6452
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion