CITIZENS, INC. (NYSE:CIA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02-Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
| Item9.01-Financial Statements and Exhibits | ||
| Exhibit Index |
Item5.02- Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On February27, 2017, Citizens, Inc. (Citizens) announced the
appointment of former Oklahoma governor Frank Keating, 73, as a
director, effective immediately. Gov. Keating is a partner at the
law firm of Holland Knight, LLP. Gov. Keating has held
significant leadership positions in both the public and private
sectors. In addition to serving as Governor of Oklahoma, his
impressive career includes serving as CEO of the American Bankers
Association and prior to that President and CEO of the American
Council of Life Insurers, the trade association for the life
insurance and retirement security industry. He also has served as
assistant secretary of the Treasury and associate attorney
general under President Ronald Reagan. He was later general
counsel and acting deputy secretary for the Department of Housing
and Urban Development (HUD) under President George H.W. Bush.
During his tenure at the Treasury Department and HUD, he worked
on significant issues affecting the banking, insurance and the
financial services industries. His law enforcement career
included serving as the U.S. attorney for the Northern District
of Oklahoma and as an FBI agent.
Mr.Keating fills an open Board seat vacated by former director
Tim Timmerman, having been elected by the currently serving
ClassA directors in accordance with the Colorado Business
Corporation Act and Citizens bylaws. At the time of this
announcement, Mr.Keating has not been appointed to serve on any
committees of the Board.
A copy of the press release issued by Citizens regarding this
announcement is attached as Exhibit 99.1 and is incorporated
herein by reference.
Item9.01- Financial Statements and Exhibits
| (d) | Exhibits |
| 99.1 | News Release issued by Citizens, Inc. on February27, 2017. |
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About CITIZENS, INC. (NYSE:CIA)
Citizens, Inc. is an insurance holding company. The Company operates in three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises. The Life Insurance segment issues ordinary whole life insurance in the United States and in the United States Dollar-denominated amounts to foreign residents. It operates this segment through its subsidiaries, including CICA Life Insurance Company of America (CICA) and Citizens National Life Insurance Company (CNLIC). The Home Service segment sells limited-liability, named peril property policies covering dwelling and contents. Its home service insurance products consist of small face amount ordinary whole life and pre-need policies, which are designed to fund final expenses for the insured, primarily consisting of funeral and burial costs. The Other Non-insurance Enterprises segment includes Computing Technology, Inc. and Insurance Investors, Inc. This segment also includes the results of Citizens, Inc., the parent company. CITIZENS, INC. (NYSE:CIA) Recent Trading Information
CITIZENS, INC. (NYSE:CIA) closed its last trading session up +0.30 at 9.65 with 127,767 shares trading hands.
