# EDGAR Filing Document

**Accession Number:** 0001794783
**File Stem:** 0001794783-23-000026
**Filing Date:** 2023-2
**Character Count:** 12571
**Document Hash:** 95d7e2498c1a1ed7d7ecdfd09b62e118
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001794783-23-000026.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001794783-23-000026

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230222

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SelectQuote, Inc.
- **CENTRAL INDEX KEY:** 0001794783
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **IRS NUMBER:** 943339273
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39295
- **FILM NUMBER:** 23654394

**BUSINESS ADDRESS:**
- **STREET 1:** 6800 WEST 115TH STREET
- **STREET 2:** SUITE 2511
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66211
- **BUSINESS PHONE:** 9132741994

**MAIL ADDRESS:**
- **STREET 1:** 6800 WEST 115TH STREET
- **STREET 2:** SUITE 2511
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66211

?xml version="1.0" ? slqt-20230222

**UNITED STATES**

**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): February 22, 2023**

_____________________________________

**SELECTQUOTE, INC.**

**(Exact name of registrant as specified in its charter)**

_____________________________________

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39295** | **94-3339273** |
| (State or other jurisdiction of incorporation)  | (Commission File Number) | (I.R.S. Employer Identification No.)  |
| **6800 West 115th Street, Suite 2511** | **6800 West 115th Street, Suite 2511** | **6800 West 115th Street, Suite 2511** |
| **Overland Park, Kansas 66211** | **Overland Park, Kansas 66211** | **Overland Park, Kansas 66211** |
| (Address of principal executive offices) (Zip code) | (Address of principal executive offices) (Zip code) | (Address of principal executive offices) (Zip code) |
| **(913) 599-9225** | **(913) 599-9225** | **(913) 599-9225** |
| (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) |
| **No change since last report** | **No change since last report** | **No change since last report** |
| (Former Name or Address, If Changed Since Last Report) | (Former Name or Address, If Changed Since Last Report) | (Former Name or Address, If Changed Since Last Report) |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☒ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value | SLQT | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.02 Appointment of Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On February 9, 2023, the Board of Directors of SelectQuote, Inc. (the "Company") appointed Ryan M. Clement, 42, to serve as the Company's Chief Financial Officer, effective February 10, 2023. Mr. Clement was previously appointed Interim Chief Financial Officer in May 2022 and will continue to serve as the Company's principal financial officer as Chief Financial Officer.

In connection with his appointment as Chief Financial Officer, Mr. Clement and the Company entered into an employment agreement (the "Employment Agreement"), which provides for (a) an annual minimum base salary of $375,000; (b) an annual target bonus opportunity equal to 50% of his base salary, which target may be increased at the discretion of the Compensation Committee of the Board of Directors; (c) continued participation in the Company's long-term equity incentive program, pursuant to which he will eligible for an annual equity award with a target value of not less than $800,000; and (d) a one-time equity award of 62,500 restricted stock units, to be granted in accordance with the Company's 2020 Omnibus Incentive Plan in February 2023. Mr. Clement will also be eligible to receive a one-time cash bonus in the amount of $200,000 (the "Special Bonus") upon the Company's achievement of certain strategic objectives identified in the Employment Agreement. If such objectives are not attained, the Special Bonus will not be earned. In the event the Special Bonus is earned, but Mr. Clement resigns from the Company or is terminated for cause before February 10, 2024, the amount of the Special Bonus will be reduced to $100,000.

The Employment Agreement also contains certain standard restrictive covenants and sets forth the compensation entitled to be received by Mr. Clement in the event of the termination of his employment under various circumstances, including a change in control of the Company.

The foregoing description of the Employment Agreement is qualified in its entirety by reference to the text of the Employment Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 to be filed with Securities and Exchange Commission (the "SEC").

The information required to be disclosed pursuant to Item 401(e) of Regulation S-K is incorporated herein by reference to the Company's definitive proxy statement filed with the SEC on October 6, 2022. Mr. Clement has no family relationship with any of the Company's directors or executive officers, and there are no arrangements or understandings pursuant to which he was selected as Chief Financial Officer. Mr. Clement does not have a direct or indirect interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

**Item 8.01 Other Events.**

On February 22, 2023, the Company issued a press release announcing the appointment of Mr. Clement as Chief Financial Officer. A copy of the press release is being furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The exhibit is being furnished pursuant to Item 8.01, and the information contained therein shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall either of them be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

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(d) Exhibits

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description of Exhibit</u> |
| <u>[99.1](exhibit991-pressreleasedat.htm)</u> | Press Release dated February 22, 2023 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **SELECTQUOTE, INC.** | **SELECTQUOTE, INC.** |
| Date: February 22, 2023 | By: | */s/ Daniel A. Boulware* |
|  | Name: | Daniel A. Boulware |
|  | Title: | General Counsel and Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

**SelectQuote Names Ryan Clement as Chief Financial Officer** 

02/22/2023

*Clement has served as Interim CFO since May 2022*

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- SelectQuote, Inc. (NYSE: SLQT) today announced that the Board of Directors appointed Ryan Clement, SVP of Financial Planning & Analysis, to serve as the company's Chief Financial Officer. Clement was named interim CFO in May 2022.

CEO Tim Danker commented, "Over the last year, Ryan has excelled as our Interim CFO and has demonstrated both the financial acumen and leadership qualities we are looking for in the company's next permanent CFO. Ryan has played a critical role in our strategic redesign that has vastly improved SelectQuote's operating results and financial stability and positions the company to execute on our objectives in the future. Ryan has won the full confidence of our Board, our leadership team, our associates, and our financial partners. I'm very excited to continue to work closely with Ryan to build upon our 38 years as a leader in insurance distribution and to continue to grow our rapidly developing healthcare services platform."

Prior to joining SelectQuote in January 2022 as the SVP of Financial Planning & Analysis, Clement served as the CFO of Sifted (formerly VeriShip), a SaaS-based software technology company. Prior to Sifted, Ryan spent seven years at Edelman Financial Engines, one of the nation's largest registered investment advisory firms, where he served in various senior level finance and operational roles. Ryan earned his undergraduate and MBA degrees from the University of Missouri – Columbia.

Clement commented, "This is an exciting time for SelectQuote. As our results from our past four quarters have demonstrated, our strategy is working. We have worked hard over the past year to sharpen our focus on profitability and cashflow, and we feel great about the performance of each of our business segments. We have the partners, technology, and team to continue to help millions of Americans in even more ways."

**About SelectQuote:**

Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health, and property. The company pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin SelectQuote's success: a strong force of highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads.

With an ecosystem offering high touchpoints for consumers across Insurance, Medicare, Pharmacy, and Value-Based Care, the company now has four core business

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lines: SelectQuote Senior, SelectQuote Healthcare Services, SelectQuote Life, and SelectQuote Auto and Home. SelectQuote Senior serves the needs of a demographic that sees around 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a specialized medication management pharmacy, and Population Health, which proactively connects its members with best-in-class healthcare services that fit each member's unique healthcare needs. The platform improves health outcomes and lowers healthcare costs through proactive engagement and access to high-value healthcare solutions.

**Investor Relations:**

Sloan Bohlen<br>877-678-4083<br><u>investorrelations@selectquote.com</u>

**Media:**

Matt Gunter<br>913-286-4931<br><u>matt.gunter@selectquote.com</u>

Source: SelectQuote, Inc.

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