Security National Financial Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.07. Submission of Matters to a Vote of Security Holders.
The Annual Meeting of Stockholders (the “Annual Meeting”) of Security National Financial Corporation (the “Company”) was held on June 21, 2024, in Salt Lake City, Utah. As of April 15, 2024, the record date, there were issued and outstanding 19,300,897 votable shares of Class A common stock and 2,935,963 votable shares of Class C common stock for a total of 22,236,860 votable shares of the Company’s common stock outstanding. A majority of the outstanding shares of Class A and Class C common stock (or 11,118,431 shares) constituted a quorum for the transaction of business at the Annual Meeting. A total of 39,559,545 votes were cast, which was a majority of the outstanding shares of Class A and Class C common stock, and thus a quorum for purposes of the Annual Meeting.
At the Annual Meeting, the Company’s stockholders (i) approved the election of Scott M. Quist, Shital A. Mehta, S. Andrew Quist, John L. Cook, Jason G. Overbaugh, H. Craig Moody, Robert G. Hunter, Gilbert A. Fuller, Ludmya B. Love, and Adam G. Quist as directors of the Company; and (ii) ratified the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accountants for the fiscal year ending December 31, 2024.
The results of the voting at the Annual Meeting on the matters submitted to the stockholders are set forth below. The voting results at the Annual Meeting set forth below reflect the weighted voting for the Class C common shares, which have a weighted voting of ten votes per share.
1. To elect four directors to be voted upon by the Class A common stockholders voting separately as a class to serve until the next Annual Meeting and until their successors are duly elected and qualified:
| Name | Class | Votes For | Votes Withheld | Total | ||||
| Scott M. Quist | Class A | 9,044,036 | 1,440,269 | 10,484,305 | ||||
| Shital A. Mehta | Class A | 7,848,371 | 2,635,934 | 10,484,305 | ||||
| S. Andrew Quist | Class A | 8,871,253 | 1,613,052 | 10,484,305 | ||||
| John L. Cook | Class A | 7,843,693 | 2,640,612 | 10,484,305 |
2. To elect the remaining six directors to be voted upon by the Class A and Class C common stockholders together to serve until the next Annual Meeting and until their successors are duly elected and qualified:
| Name | Class | Votes For | Votes Withheld | Total | ||||
| Jason G. Overbaugh | Class A | 8,874,971 | 1,609,334 | 10,484,305 | ||||
| Class C | 29,075,240 | - | 29,075,240 | |||||
| Total | 37,950,211 | 1,609,334 | 39,559,545 | |||||
| H. Craig Moody | Class A | 7,140,283 | 3,344,022 | 10,484,305 | ||||
| Class C | 29,075,240 | - | 29,075,240 | |||||
| Total | 36,215,523 | 3,344,022 | 39,559,545 | |||||
| Robert G. Hunter, MD | Class A | 7,712,693 | 2,771,612 | 10,484,305 | ||||
| Class C | 29,075,240 | - | 29,075,240 | |||||
| Total | 36,787,933 | 2,771,612 | 39,559,545 | |||||
| Gilbert A. Fuller | Class A | 7,677,855 | 2,806,450 | 10,484,305 | ||||
| Class C | 29,075,240 | - | 29,075,240 | |||||
| Total | 36,753,095 | 2,806,450 | 39,559,545 | |||||
| Ludmya B. Love | Class A | 7,834,327 | 2,649,978 | 10,484,305 | ||||
| Class C | 29,075,240 | - | 29,075,240 | |||||
| Total | 36,909,567 | 2,649,978 | 39,559,545 | |||||
| Adam G. Quist | Class A | 8,873,803 | 1,610,502 | 10,484,305 | ||||
| Class C | 29,075,240 | - | 29,075,240 | |||||
| Total | 37,949,043 | 1,610,502 | 39,559,545 |
3. To ratify the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accountants for the year ending December 31, 2024:
| Class | Votes For | Votes Against | Votes Abstaining | |||
| Class A | 12,853,364 | 117,971 | 5,812 | |||
| Class C | 29,075,240 | - | - | |||
| Total | 41,928,604 | 117,971 | 5,812 |
Item 8.01. Other Events.
At the Annual Board of Directors (the “Board”) Meeting of the Company on June 21, 2024, the Board declared a 5% stock dividend (the “Dividend”) to holders of the Company’s Class A and Class C shares of Common Stock. The stock dividend will be issued on July 12, 2024 to the Class A and Class C common stockholders of record as of July 5, 2024.
The Company has issued 5% stock dividends on its shares of Class A and Class C Common Stock each year from 1991 through 2023, except in 2020 when stock dividends totaling 7.5% were issued. The Board is pleased to declare this 5% stock dividend in 2024.
On June 24, 2024, the Company issued a press release announcing the [Dividend]. A copy of that press release is attached hereto as Exhibit 99.1. The information contained in Exhibit 99.1 is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| EXHIBIT NUMBER | DESCRIPTION | |
| 99.1 | Press Release, dated June 24, 2024, entitled “Security National Financial Corporation Announces Stock Dividend” | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SECURITY NATIONAL FINANCIAL CORPORATION | ||
| (Registrant) | ||
| Date: June 24, 2024 | By: | /s/ Scott M. Quist |
| Scott M. Quist, Chairman, President and | ||
| Chief Executive Officer | ||