secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS, INC. (CIA)
CIK:        0000024090
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0000024090-21-000083
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24090/000002409021000083/0000024090-21-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24090/000002409021000083/cia-20211221.htm
  HTML page:      https://secwatch.observer/filing/0000024090-21-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer