Beverley McClure
HORACE MANN EDUCATORS CORP /DE/About Beverley J. McClure
Independent director of Horace Mann Educators Corporation (HMN) since 2013; age 70 as of March 15, 2025. Former Senior Vice President, Enterprise Operations at USAA with a 35-year career; founder of Fresh Perspectives LLC (2007–2019); Senior Advisor at Endeavor Management (2010–2013). Holds Chartered Life Underwriter (CLU) and Fellow, Life Management Institute (FLMI) designations. Serves as Chair of the Nominating & Governance Committee and member of the Compensation Committee.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| United Services Automobile Association (USAA) | Senior Vice President, Enterprise Operations | Retired 2007 after 35-year career | Service excellence, customer experience, culture and quality management focus |
| Fresh Perspectives LLC | Founder (executive coaching, small business consulting) | 2007–2019 (dissolved 2019) | Leadership coaching, business transformation support |
| Endeavor Management | Senior Advisor | 2010–2013 | Service culture, leadership coaching, operational execution, customer experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| None disclosed | — | — | HMN proxy biography for McClure discloses no current public company directorships beyond HMN |
Board Governance
| Attribute | Detail |
|---|---|
| Independence status | Independent director |
| HMN Board service | Director since 2013 |
| Committee assignments | Nominating & Governance (Chair); Compensation (member) |
| Committee activity (2024) | Nominating & Governance: 4 meetings (all independent members) |
| Compensation Committee | 5 meetings in 2024; all members independent; current members: Mark E. Konen (Chair), Beverley J. McClure, H. Wade Reece |
| Board meetings (2024) | 8 meetings; no incumbent director attended fewer than 90% of Board and committee meetings; all nine directors (including McClure) attended last Annual Meeting |
| Board structure and practices (context) | Hedging and pledging prohibited; clawback policy in place for executives; director stock ownership requirements |
Fixed Compensation
| Element | Amount/Policy | Notes |
|---|---|---|
| Board member annual retainer (non-Chair) | $85,000 | Paid following Annual Meeting; prorated if joining mid-cycle |
| Committee Chair retainer | $20,000 (all committees other than Audit); $30,000 (Audit) | Executive Committee Chair not paid a retainer |
| Technology Liaison retainer | $15,000 | Not applicable to McClure |
| Cash actually earned (2024) – McClure | $105,000 | Consistent with $85,000 board retainer + $20,000 N&G Chair retainer |
| All other compensation (insurance premiums) – McClure | $200 | Group term life and business travel accident insurance premiums |
2024 Non-Employee Director Compensation – McClure
| Year | Fees Earned or Paid in Cash ($) | Stock Awards ($) | All Other Compensation ($) | Total ($) |
|---|---|---|---|---|
| 2024 | 105,000 | 130,000 | 200 | 235,200 |
Note: In 2024, the Board approved increases to annual retainers and annual RSU award levels for non-employee directors (market benchmarking by CAP) .
Performance Compensation
| Award Type | Grant Date | Fair Value | Vesting | Shares/Units Outstanding |
|---|---|---|---|---|
| RSUs (annual) | May 22, 2024 | $130,000 | 1-year vest following Annual Meeting | As of 12/31/2024, each director had 3,917 unvested RSUs |
| Options | — | — | — | No director option awards disclosed for 2024 |
Program structure: Annual non-employee director equity is granted in RSUs with a one-year vest; directors may elect to defer cash fees into RSUs. RSU quantity determined by fair value on grant date.
Other Directorships & Interlocks
| Company | Role | Committee Roles | Interlock/Conflict Notes |
|---|---|---|---|
| None disclosed | — | — | HMN proxy discloses no other public company board roles for McClure; no director interlocks identified |
Related-party transactions: HMN reports a longstanding commercial relationship with BlackRock (a >5% holder) for risk analytics and fund investments; no transactions involving McClure are disclosed.
Expertise & Qualifications
- Board role and focus: Chair, Nominating & Governance Committee; member, Compensation Committee—oversight of board succession, governance principles, ESG risk oversight, and compensation design/oversight .
- Professional expertise: Service excellence, customer experience, culture creation, employee engagement, and quality management from senior operating career at USAA and advisory roles; CLU and FLMI designations .
- Board skills/demographics context: Age 70; the Board maintains a retirement guideline at age 75 absent special circumstances, supporting refreshment .
Equity Ownership
| Metric | Value | As-Of / Policy |
|---|---|---|
| Beneficial ownership (common shares) | 16,352 | March 15, 2025 |
| Percent of class | <1% | March 15, 2025 (table footnote) |
| Unvested RSUs | 3,917 | Each director as of December 31, 2024 |
| Director stock ownership guideline | 5x annual cash retainer | Must retain RSUs until guideline met |
| Compliance with guideline | In compliance (exceptions listed did not include McClure) | As of December 31, 2024 |
| Hedging/Pledging | Prohibited for directors | Insider Trading Policy and compensation governance summary |
Governance Assessment
- Board effectiveness and engagement: McClure chairs the Nominating & Governance Committee (4 meetings in 2024) and serves on Compensation (5 meetings in 2024); the Board met 8 times with no incumbent under 90% attendance and full Annual Meeting attendance—evidence of strong engagement. Her governance remit includes board succession, governance principles, and ESG oversight, aligning with investor expectations.
- Independence and alignment: Independent since appointment; compliant with robust ownership guidelines (5x cash retainer), with hedging and pledging prohibited—favorable alignment signals for investors.
- Compensation structure (director): Balanced mix of cash retainer and time-vested RSUs ($105,000 cash; $130,000 RSUs in 2024); structure reflects market benchmarking and avoids option risk for directors—generally shareholder-friendly.
- Conflicts/related-party exposure: No related-person transactions disclosed involving McClure; HMN’s related party transactions oversight and policy are articulated (Audit Committee review >$120,000).
- Shareholder sentiment context: HMN reports extensive shareholder engagement in 2024 on governance/compensation; prior say-on-pay support at 97.4% (2023) indicates constructive investor alignment (context for compensation governance, though SOP targets executives).
RED FLAGS
- None identified specific to McClure: no attendance issues, no pledging/hedging, no related-party transactions disclosed, ownership guideline met. The Board’s retirement guideline at age 75 supports refreshment, with McClure currently age 70.