April Chapman
On June 28, 2024, April Chapman submitted correspondence stating her desire to resign her board position due to other commitments.
Highest-materiality recent filing
UTG shareholders elect all seven director nominees and approve advisory say-on-pay at annual meeting
All seven director nominees elected with 2,266,631 votes for each; 282 withheld; 173,642 broker non-votes.
UTG Inc. approves $940K cash/stock bonuses for 2025; salaries raised
CEO Jesse Correll receives $350K cash bonus; salary increased to $232,500.
UTG Inc. appoints Peter Ochs and Charles Perry to board; Howard Dayton becomes emeritus
Howard Dayton stepped down from UTG Board of Directors and will assume Emeritus status.
UTG shareholders approve 2025 Stock Option Plan
Shareholders approved the UTG Inc. 2025 Stock Option Plan at June 27, 2025 annual meeting.
UTG shareholders elect all seven directors and approve stock option plan at annual meeting
All seven director nominees elected with at least 2,055,552 votes for each (excluding Howard Dayton who received 5,055,510).
UTG Inc grants $930K in bonuses and salary increases to four officers for 2024 performance
CEO Jesse Correll: $350K bonus + $7.5K salary increase to $225K/year.
UTG Board adds $1M to buyback, total authorization now $23M; 10b5-1 plan adopted
Board reinstituted stock repurchase program and authorized additional $1,000,000 on Dec 27, 2024.
Director April Chapman resigns from UTG board effective June 28, 2024
April Chapman resigned as director of UTG Inc. and Universal Guaranty Life Insurance Company.
UTG shareholders elect nine directors, approve advisory exec comp
All nine director nominees elected with 2,289,772 votes for each, 2,393 withheld, and 257,099 broker non-votes.
UTG approves $600K in executive bonuses and salary increase for VP
CEO Jesse Correll receives $235,000 total bonus ($9 cash + $234,991 stock).
UTG, Inc. appoints Kerber, Eck & Braeckel as new auditor after Armanino LLP resigns
Armanino LLP resigned as independent auditor for year-end 2023, citing a change in direction at the audit firm.
UTG shareholders elect all nine director nominees and approve say-on-pay at annual meeting
All nine director nominees elected with overwhelming support; highest withhold count was 1,442 for April R. Chapman.
President and Director James Rousey retires; CEO Jess Correll assumes President role
James Rousey resigned as President of UTG, Inc. and Universal Guaranty Life Insurance Company, effective Feb 21, 2023.
UTG approves $900K total bonuses for 2022; CFO salary increased to $117,500
CEO Correll bonus $290,000 ($6 cash + $289,994 stock); VP Ditto $250,000; Pres Rousey $260,000; CFO Miller $100,000.
All ten director nominees elected with overwhelming support; no nominee received less than 2,317,386 votes For.
UTG approves $635K in cash and stock bonuses for top officers based on 2021 results
CEO Correll gets $200K total ($2 cash + $199,998 stock); VP Ditto $175K ($15 cash + $174,985 stock).
UTG Inc. approves salary increases for CEO, CFO, President, and VP effective Jan 1, 2022
CEO Jess Correll salary increased $22,500 to $217,500 annually.
UTG, Inc. engages Armanino LLP as certifying accountant after Brown Smith Wallace merger
Brown Smith Wallace LLC, UTG's auditor, will merge into Armanino LLP effective August 1, 2021.
On June 28, 2024, April Chapman submitted correspondence stating her desire to resign her board position due to other commitments.
he retired as President of UTG, Inc. and its subsidiary, Universal Guaranty Life Insurance Company as well as his position as a Director of both entities.
he retired as President of UTG, Inc. and its subsidiary, Universal Guaranty Life Insurance Company as well as his position as a Director of both entities.
Mr. Jess Correll, CEO and Chairman of the Board of the companies, will assume the title of President initially.
Max materiality 0.50 · Median 0.23 · Most common event other_material