Kemper details interim CEO compensation: $800k base, $1.0M RSUs

Rhea-AI Filing Summary

Kemper Corporation filed an amendment to disclose compensation terms for Interim CEO C. Thomas Evans, Jr. Effective October 14, 2025, his annualized base salary is $800,000 during his interim term.

He will also receive a restricted stock unit award with a grant date fair value of $1,000,000. 50% of the award vests on the one-year anniversary of the grant date and the remaining 50% vests on the two-year anniversary, in each case subject to continued service. The grant date is expected to be the first trading day in December 2025.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

0000860748false00008607482025-10-152025-10-150000860748us-gaap:CommonStockMember2025-10-152025-10-150000860748kmpr:A5875FixedRateResetJuniorSubordinatedDebenturesDue2062Member2025-10-152025-10-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 15, 2025 

Kemper Corporation

(Exact name of registrant as specified in its charter)

Commission File Number: 001-18298

DE						95-4255452
(State or other jurisdiction of incorporation)						(IRS Employer Identification No.)

200 E. Randolph Street, Suite 3300, Chicago, IL 60601

(Address of principal executive offices, including zip code)

312-661-4600

(Registrant’s telephone number, including area code)

(Former name or former 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 (see General Instruction A.2.below):

☐ 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:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.10 per share			KMPR			NYSE
5.875% Fixed-Rate Reset Junior Subordinated Debentures due 2062			KMPB			NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in 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.    ¨

Section 5 – Corporate Governance and Management

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

On October 15, 2025, Kemper Corporation (“Kemper” or the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) disclosing the appointment of C. Thomas Evans, Jr., the Company’s Executive Vice President, Secretary and General Counsel, as the Company’s Interim President and Chief Executive Officer (“Interim CEO”), effective October 14, 2025 (the “Transition Date”). This Form 8-K/A amends the Original Form 8-K to disclose changes to Mr. Evans’ compensation arrangements with the Company.

On November 4, 2025, the Human Resources and Compensation Committee of the Company’s Board of Directors, approved an annualized base salary rate for Mr. Evans of $800,000, effective as of the Transition Date and during his term as Interim CEO, and a restricted stock unit award with a grant date fair value of $1,000,000 (the “Award”). Fifty percent of the Award will vest on the one-year anniversary of the grant date and the remaining fifty percent of the Award will vest on the two-year anniversary of the grant date, in each case, subject to Mr. Evans’ continued service with the Company. The grant date of the Award is expected to be the first trading day in the month of December 2025.

Section 9 – Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number			Exhibit Description
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

Kemper Corporation

Date:

November 7, 2025

/s/    Baird Allis

Baird Allis

Assistant Secretary

FAQ

What did Kemper (KMPB) disclose in this 8-K/A?

Compensation terms for Interim CEO C. Thomas Evans, Jr., including an $800,000 annualized salary and a $1,000,000 RSU award with time-based vesting.

When did C. Thomas Evans, Jr. become Interim CEO of Kemper (KMPB)?

He became Interim CEO effective October 14, 2025.

What is the Interim CEO’s salary at Kemper (KMPB)?

An annualized base salary of $800,000, effective as of October 14, 2025, during his interim term.

What equity award did the Interim CEO receive at Kemper (KMPB)?

A restricted stock unit award with a $1,000,000 grant date fair value.

How do the RSUs for Kemper’s Interim CEO vest?

Vesting is 50% on the one-year anniversary of the grant date and 50% on the two-year anniversary, subject to continued service.

When is the RSU grant date expected for Kemper’s Interim CEO?

The grant date is expected to be the first trading day in December 2025.