8-K
filed May 17, 2024, 7:59 PM ET
CIK 0001395585
other material
confidence high
sentiment neutral
materiality 0.25
First Trinity Financial CORP: M&A transaction — First Trinity annual meeting confirms Gregg Zahn's control; all director nominees elected
First Trinity Financial CORP
- Gregg Zahn, holder of 98.9% of Class B common stock, deemed to have acquired control via director nominations.
- All 5 Class B director nominees (Lay, Hill, Klein, Sherrer, Kohout) elected unanimously with 100,000 votes each.
- Class A elected Zahn, Owens, Peintner, and Francine Zahn as directors.
- Shareholders ratified Kerber, Eck & Braeckel as auditor and approved say-on-pay; triennial frequency vote passed.
- No financial results or operational updates were disclosed in this filing.
Key facts
Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
First Trinity Financial CORP underwent a change of control involving Gregg E. Zahn (closed 2024-05-15).
- Action
- change of control
- Counterparty
- Gregg E. Zahn
- Closing
- 2024-05-15
Exact text from the filing
Gregg E. Zahn (“Mr. Zahn”) the holder of 100,000 shares of First Trinity Financial Corporation’s (the “Company”) Class B common stock may be deemed to have acquired control of the Company at its Annual Meeting of Shareholders held May 15, 2024 (“Annual Meeting”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
First Trinity Financial CORP shareholders approved Election of five directors by Class B Common Stock at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
The following five (5) individuals were elected. The votes were cast as follows: Total Withhold For All Net Director Votes All Except Total William S. Lay 100,000 0 0 100,000
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
First Trinity Financial CORP shareholders approved Election of four directors by Class A Common Stock at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
The following four (4) individuals were elected. The votes were cast as follows: Total Withhold For All Net Director Votes All Except Total Gregg E. Zahn 4,696,198 432,051 38,177 4,225,970
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
First Trinity Financial CORP shareholders approved Ratify selection of Kerber, Eck & Braeckel LLP as independent registered public accounting firm at the 2024-05-15 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Independent Registered Votes Votes Net Public Accounting Firm Total Against Abstained Votes For Kerber, Eck & Braeckel LLP 4,796,198 126,364 308,453 4,361,381
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
First Trinity Financial CORP shareholders approved Approve non-binding advisory resolution on frequency of advisory vote on executive compensation (every three years) at the 2024-05-15 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Votes Votes Votes Votes Total 1 Year 2 Years 3 Years Abstained Proposal 4: Say-When-On-Pay 4,796,198 1,690,231 242,417 2,293,896 569,654
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
First Trinity Financial CORP shareholders approved Approve non-binding advisory resolution on Named Executive Officer compensation at the 2024-05-15 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Votes Votes Net Total Against Abstained Votes For Proposal 3: Say-On-Pay 4,796,198 255,017 506,825 4,034,356
View on SEC.gov
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