secwatch.observer — SEC 8-K summary
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Issuer:     UTG INC (UTGN)
CIK:        0000832480
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0000832480-22-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

UTG approves $635K in cash and stock bonuses for top officers based on 2021 results
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- CEO Correll gets $200K total ($2 cash + $199,998 stock); VP Ditto $175K ($15 cash + $174,985 stock).
- President Rousey $175K ($125K cash + $50K stock); CFO Miller $85K ($57,900 cash + $27,100 stock).
- Stock valued at $27.10/share; bonuses based on 2021 operating results; no written employment agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832480/000083248022000002/0000832480-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832480/000083248022000002/utg8k2152022.htm
  HTML page:      https://secwatch.observer/filing/0000832480-22-000002

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