secwatch.observer — SEC 8-K summary
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Issuer:     UTG INC (UTGN)
CIK:        0000832480
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0000832480-24-000003
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832480/000083248024000003/0000832480-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832480/000083248024000003/utg8k20240212.htm
  HTML page:      https://secwatch.observer/filing/0000832480-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer