secwatch.observer — SEC 8-K summary
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Issuer:     UTG INC (UTGN)
CIK:        0000832480
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0000832480-23-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832480/000083248023000002/0000832480-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832480/000083248023000002/utg8k132023.htm
  HTML page:      https://secwatch.observer/filing/0000832480-23-000002

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