Company: CI
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001739940-25-000015
Chunk: 109

Company: Cigna Group
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 109
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 special meeting called by short-term shareholders whose interests may fundamentally conflict with those of our long-term holders and who have amassed the required threshold in a short period of time would not justify the required time and resources nor the significant distraction in calling a special meeting.

Our holding period requirement associated with our special meeting right is in line with—or even more shareholder friendly than—analogous rights endorsed by the SEC itself as well as those of other public companies.

Eliminating the holding period requirement, as requested by the proposal, would also cause our special meeting right to fall out of line with the holding period requirements set forth in other shareholder proposal rights endorsed by the SEC itself. Our current one-year holding period requirement is consistent with the SEC’s threshold requirements for shareholder proposals submitted pursuant to SEC Rule 14a-8, which requires at a minimum a one-year holding period and, in some cases, depending on the dollar value of ownership, a holding period of up to three years. A one-year holding period is also, in fact, far shorter than the three-year holding period requirement for shareholders to submit director nominations set forth in the SEC’s final proxy access rules adopted in 2010. Indeed, a three-year holding period became the standard for proxy access provisions adopted by public registrants (including The Cigna Group) even after the SEC’s proxy access rules were vacated by the U.S. Court of Appeals.

| The Cigna Group| 2025 Notice of Annual Meeting of Shareholders and Proxy Statement |     | 107 |

| SHAREHOLDER PROPOSALS |

Over the past four years, our shareholders have consistently rejected proposals to modify our existing shareholder special meeting right.

As set forth below, this proposal reflects the proponent’s fifth attempt to modify our special meeting right since 2020, and our shareholder base has repeatedly reaffirmed their support for our existing special meeting right.

| Year of Annual Meeting |     | Proposed Ownership Threshold |     | Result |
| 2020                   |     | 10%                          |     | FAILED |
| 2022                   |     | 10%                          |     | FAILED |
| 2023                   |     | 15%                          |     | FAILED |
| 2024                   |     | 15%                          |     | FAILED |

The right of shareholders to call a special meeting has been a topic of discussion throughout our shareholder engagement meetings over the past several years, driven in part by the proponent’s recurring shareholder proposals to modify the existing right. During those conversations, our long-term