Citizens appoints Gerald W. Shields as permanent CEO effective Jan 1, 2022

CITIZENS, INC.

Gerald Shields named CEO; had served as interim CEO since Aug 2020 and on board since 2017.
Employment agreement: base salary $775k, annual short-term bonus up to $600k, LTI up to $250k.
Shields will remain Vice Chairman of the Board.
Relocation payment of $15,000; term initially 2 years with auto-renew.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gerald W. Shields

Chief Executive Officer

CIA · CITIZENS, INC.

Effective: 2022-01-01
Filed: December 21, 2021, 6:59 PM ET

Citizens, Inc. (“Citizens” or the “Company”) announced that its Board of Directors (the “Board”) has appointed Gerald W. Shields as Chief Executive Officer, effective January 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Gerald W. Shields was appointed as Chief Executive Officer at CITIZENS, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Citizens, Inc. (“Citizens” or the “Company”) announced that its Board of Directors (the “Board”) has appointed Gerald W. Shields as Chief Executive Officer, effective January 1, 2022.

View on SEC.gov

CITIZENS, INC. filing history →

Source: SEC EDGAR

accession 0000024090-21-000083

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.