LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana Inc. (NYSE: HUM) today announced that its board of directors has renewed its authorization for the use of up to $250 million for the repurchase of Humana common shares. The previous share repurchase authorization was set to expire on December 31, 2009, and the renewed authorization is effective until December 31, 2011. The company had approximately 170 million shares outstanding as of September 30, 2009. Company shares may be repurchased from time to time at prevailing prices in the open market, by block purchases, or in privately negotiated transactions.
Humana also announced today that its 2010 annual stockholders’ meeting will be held on Tuesday, April 20, 2010, at 10:00 a.m. eastern time at the company’s headquarters in Louisville, Kentucky. The record date for the 2010 annual meeting of stockholders will be February 26, 2010. The company will Web cast its annual stockholders’ meeting for those unable to attend the event in person.
The proxy statement for the 2010 annual meeting and the 2009 Annual Report to Stockholders will be available via the Internet. Humana stockholders may also obtain hard copies of the company’s proxy materials for the 2010 annual meeting free of charge by following the instructions provided on the company’s Web site or in the “Notice of Internet Availability of Proxy Materials” that will be mailed to stockholders in March 2010.
The Web cast of the company’s annual meeting of stockholders may be accessed via the Humana Investor Relations page at www.humana.com. The company suggests Web participants sign on approximately 15 minutes in advance of the scheduled meeting time. The company also suggests Web participants visit the site well in advance of the meeting to run a system test and to download any free software needed to view the presentation.
For those unable to listen to the live event, the virtual presentation archive will be available in the Presentations section of the Investor Relations page at www.humana.com approximately two hours after the live event.
Humana Inc., headquartered in Louisville, Kentucky, is one of the nation’s largest publicly traded health and supplemental benefits companies, with approximately 10.3 million medical members and approximately 7.3 million specialty-benefit members. Humana is a full-service benefits solutions company, offering a wide array of health and supplemental benefit plans for employer groups, government programs and individuals.
Over its 48-year history, Humana has consistently seized opportunities to meet changing customer needs. Today, the company is a leader in consumer engagement, providing guidance that leads to lower costs and a better health plan experience throughout its diversified customer portfolio.
More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of: