First Trinity board waives Code of Conduct for CEO over three loan participations

First Trinity Financial CORP

Board approved waiver on April 21, 2023, for CEO Gregg E. Zahn regarding three loan participation agreements.
Loan participations were with a company mortgage loan originator but in a different business segment.
Board determined lack of prior notice may have violated Code's conflict-of-interest disclosure provision, but waived any violation.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

First Trinity Financial CORP: The Board of Directors approved a waiver of the Code of Conduct for the CEO regarding three loan participation agreements, determining that any possible violation was waived (effective 2023-04-21).

Change: code of ethics
Effective: 2023-04-21

Exact text from the filing

On April 21, 2023, the Board of Directors (the “Board”) of First Trinity Financial Corporation (the “Company”) approved a waiver of the Company’s Code of Conduct (the “Code”) with respect to certain actions by its Chief Executive Officer, Gregg E. Zahn, which pertained to three loan participation agreements made by him with one of the Company’s mortgage loan originators.

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Source: SEC EDGAR

accession 0001437749-23-011376

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