Citizens extends CEO Gerald Shields' term to June 30, 2024 as board searches for successor

CITIZENS, INC.

Employment Agreement extended from Dec 31, 2023 to June 30, 2024 to allow CEO search and smooth transition.
Base salary of $400,000 for the 6-month Extended Term.
Eligible for up to $300,000 cash bonus and $125,000 RSUs (based on 2024 pay-for-performance goals).
All unvested RSUs from initial term vest at end of Extended Term; any new RSUs vest March 31, 2025.
Board is actively searching for a successor; Shields will assist transition.

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