---
schema_version: "secwatch.filing_event.v1"
accession: "0000832480-24-000003"
form_type: "8-K"
ticker: "UTGN"
cik: "0000832480"
company_name: "UTG INC"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:36:11.504209+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# UTG approves $600K in executive bonuses and salary increase for VP

## Summary
- 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.

## SEC filing metadata
- accession: 0000832480-24-000003
- form_type: 8-K
- ticker: UTGN
- cik: 0000832480
- company_name: UTG INC
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/832480/000083248024000003/0000832480-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/832480/000083248024000003/utg8k20240212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000832480-24-000003
- JSON: https://secwatch.observer/filing/0000832480-24-000003.json
- Plain text: https://secwatch.observer/filing/0000832480-24-000003.txt

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