other
confidence high
sentiment neutral
materiality 0.20
UTG approves $600K in executive bonuses and salary increase for VP
UTG INC
- CEO Jesse Correll receives $235,000 total bonus ($9 cash + $234,991 stock).
- VP Douglas Ditto receives $200,000 cash bonus; VP Daniel Roberts gets $65,000 ($35,020 cash + $29,980 stock).
- CFO Theodore Miller receives $100,000 ($69,900 cash + $30,100 stock).
- VP Daniel Roberts' salary increased $25,000 to $100,000 effective Feb 1, 2024.
- Bonuses based on 2023 operating results; no written agreements with officers.