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    Globe Life Inc. filed SEC Form 8-K: Leadership Update

    2/28/25 4:43:10 PM ET
    $GL
    Life Insurance
    Finance
    Get the next $GL alert in real time by email
    gl-20250228
    0000320335false00003203352025-02-282025-02-280000320335us-gaap:CommonStockMember2025-02-282025-02-280000320335us-gaap:SubordinatedDebtMember2025-02-282025-02-28

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
    FORM 8-K
    CURRENT REPORT
    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
    Date of Report (Date of earliest event reported): February 28, 2025 (February 26, 2025)
    GLOBE LIFE INC.
    (Exact name of registrant as specified in its charter)
    Delaware 001-0805263-0780404
    (State or other jurisdiction
    of incorporation)
     
    (Commission
    File No.)
    (I.R.S. Employer
    ID No.)
    3700 South Stonebridge Drive, McKinney, Texas 75070
    (Address of principal executive offices) (Zip Code)
    Registrant’s telephone number, including area code: (972) 569-4000
    N/A
    (Former name or former address, if changed since last report)
     
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading symbol(s)Name of each exchanged on which registered
    Common Stock, $1.00 par value per shareGLNew York Stock Exchange
    4.250% Junior Subordinated DebenturesGL PRDNew York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):
    Emerging growth company☐
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐




    Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Other Officers.

    (d) On February 26, 2025, pursuant to the By-Laws of Globe Life Inc. (the "Company"), the Board of Directors (the "Board") of the Company voted to expand the number of directors from eleven to thirteen persons as of such date, and appointed Matthew J. Adams and Philip M. Jacobs to fill the newly-created directorships. Mr. Adams and Mr. Jacobs will each serve for an initial term commencing on February 26, 2025 and expiring at the Company’s April 24, 2025 Annual Meeting of Shareholders. There were no understandings or arrangements pursuant to which Mr. Adams or Mr. Jacobs were selected as directors.

    Having been determined by the Board to be "independent" pursuant to NYSE rules and additional Company criteria, Mr. Adams and Mr. Jacobs were named to serve on the Audit Committee of the Board.

    Mr. Adams and Mr. Jacobs are compensated for their service as directors pursuant to the Globe Life Inc. 2018 Non-Employee Director Compensation Plan (the "Plan"), a sub-plan of the Globe Life Inc. 2018 Incentive Plan. Pursuant to the Plan, each newly-elected director will receive an annual cash retainer of $100,000 prorated for the period of his service (unless a timely election is made to receive an equivalent amount of restricted stock, restricted stock units, or stock options) and an annual equity retainer allowing him to elect to receive $180,000 of restricted stock, restricted stock units, or stock options prorated for the period of his service. As members of the Audit Committee, each of Mr. Adams and Mr. Jacobs will also receive an annual cash Audit Committee member retainer of $12,500 (prorated for the period of his service). There are no transactions or currently proposed transactions requiring disclosure pursuant to Item 404(a) of Regulation S-K involving Mr. Adams or Mr. Jacobs.









    SIGNATURES
    Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
    Date: February 28, 2025
     GLOBE LIFE INC.
     /s/ Christopher T. Moore
     Christopher T. Moore

    Corporate Senior Vice President,
    Associate Counsel and Corporate Secretary


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