---
schema_version: "secwatch.filing_event.v1"
accession: "0000832480-23-000005"
form_type: "8-K"
ticker: "UTGN"
cik: "0000832480"
company_name: "UTG INC"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T01:06:22.732560+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# President and Director James Rousey retires; CEO Jess Correll assumes President role

## Summary
- James Rousey resigned as President of UTG, Inc. and Universal Guaranty Life Insurance Company, effective Feb 21, 2023.
- Rousey also resigned as Director of both entities; Board accepted resignation on Feb 22, 2023.
- CEO and Chairman Jess Correll will initially assume the title of President.

## SEC filing metadata
- accession: 0000832480-23-000005
- form_type: 8-K
- ticker: UTGN
- cik: 0000832480
- company_name: UTG INC
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/832480/000083248023000005/0000832480-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/832480/000083248023000005/utg8k2242023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000832480-23-000005
- JSON: https://secwatch.observer/filing/0000832480-23-000005.json
- Plain text: https://secwatch.observer/filing/0000832480-23-000005.txt

## Key facts
- Executive change
  James Rousey retired as President at UTG INC.
  - Action: retired
  - Role: President
  source text: he retired as President of UTG, Inc. and its subsidiary, Universal Guaranty Life Insurance Company as well as his position as a Director of both entities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/832480/000083248023000005/0000832480-23-000005-index.htm
- Executive change
  James Rousey retired as Director at UTG INC.
  - Action: retired
  - Role: Director
  source text: he retired as President of UTG, Inc. and its subsidiary, Universal Guaranty Life Insurance Company as well as his position as a Director of both entities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/832480/000083248023000005/0000832480-23-000005-index.htm
- Executive change
  Jess Correll was appointed as President at UTG INC.
  - Action: assumed
  - Role: President
  source text: Mr. Jess Correll, CEO and Chairman of the Board of the companies, will assume the title of President initially.
  evidence_url: https://www.sec.gov/Archives/edgar/data/832480/000083248023000005/0000832480-23-000005-index.htm

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