---
schema_version: "secwatch.filing_event.v1"
accession: "0000832480-23-000002"
form_type: "8-K"
ticker: "UTGN"
cik: "0000832480"
company_name: "UTG INC"
filed_at: "2023-01-03T23:59:59+00:00"
generated_at: "2026-06-20T21:08:30.112972+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# UTG approves $900K total bonuses for 2022; CFO salary increased to $117,500

## Summary
- CEO Correll bonus $290,000 ($6 cash + $289,994 stock); VP Ditto $250,000; Pres Rousey $260,000; CFO Miller $100,000.
- Total bonuses $900,000: cash $374,868 and stock $525,132 valued at $25.06/share.
- CFO Miller annual salary increased $5,000 to $117,500 effective Jan 1, 2023.
- Bonuses based on 2022 operating results; no written agreements or formula for awards.
- Compensation Committee approved; Correll and Rousey are board members but not on committee.

## SEC filing metadata
- accession: 0000832480-23-000002
- form_type: 8-K
- ticker: UTGN
- cik: 0000832480
- company_name: UTG INC
- filed_at: 2023-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/832480/000083248023000002/0000832480-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/832480/000083248023000002/utg8k132023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000832480-23-000002
- JSON: https://secwatch.observer/filing/0000832480-23-000002.json
- Plain text: https://secwatch.observer/filing/0000832480-23-000002.txt

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