---
schema_version: "secwatch.filing_event.v1"
accession: "0000024090-24-000036"
form_type: "8-K"
ticker: "CIA"
cik: "0000024090"
company_name: "CITIZENS, INC."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T16:04:12.675305+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Jon Stenberg appointed President of Citizens; named CEO effective July 1, 2024

## Summary
- Jon Stenberg appointed President effective March 18, 2024; to become CEO on July 1, 2024, succeeding Gerald Shields.
- Stenberg brings 30+ years experience; previously EVP at Symetra Life Insurance and GM at Ameriprise Financial.
- Employment agreement: base salary $450k (President) and $500k (CEO); annual bonus target $350k/$400k; LTI target $350k/$450k.
- Sign-on RSUs of $300k vesting over 3 years; relocation benefits up to $100k+ grossed up.
- Press release highlights no debt, positive net cash from operations since 2004, and AM Best rating for CICA Life.

## SEC filing metadata
- accession: 0000024090-24-000036
- form_type: 8-K
- ticker: CIA
- cik: 0000024090
- company_name: CITIZENS, INC.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24090/000002409024000036/0000024090-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24090/000002409024000036/cia-20240318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024090-24-000036
- JSON: https://secwatch.observer/filing/0000024090-24-000036.json
- Plain text: https://secwatch.observer/filing/0000024090-24-000036.txt

## Key facts
- Executive change
  Jon Stenberg was appointed as President at CITIZENS, INC..
  - Action: appointed
  - Role: President
  source text: On March 18, 2024, the Company announced that Jon Stenberg, age 58, has been appointed as President of the Company, reporting to Mr. Shields, until June 30, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/24090/000002409024000036/0000024090-24-000036-index.htm
- Executive change
  Jon Stenberg was appointed as Chief Executive Officer at CITIZENS, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: and will become the Chief Executive Officer on July 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/24090/000002409024000036/0000024090-24-000036-index.htm
- Executive change
  Gerald W. Shields departed as Chief Executive Officer at CITIZENS, INC..
  - Action: departed
  - Role: Chief Executive Officer
  source text: extended Mr. Shields’ term as Chief Executive Officer to June 30, 2024 in order to facilitate a smooth transition to a new Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/24090/000002409024000036/0000024090-24-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.