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
Item5.02 – Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
| Item9.01 – Financial Statements and Exhibits | ||||
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Exhibit Index |
Item5.02 – Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On February1, 2017, Citizens, Inc. (Citizens) announced the
appointment of Terry Festervand, 64, as Chief Operating Officer.
Ms.Festervand joins Citizens with over 18 years of insurance
experience at American International Group, Inc. (AIG) in various
capacities. During the last five years, she served at AIG Life
and Retirement, first as Senior Vice President and Treasurer and
later as Senior Vice President, Accounting Operations. Earlier in
her career at AIG, she was the Director of Global Sarbanes Oxley
(SOX) Compliance (AIG Corporate, New York) and led the
development and implementation of a SOX compliance program
throughout AIGs worldwide operations. Ms.Festervand brings
Citizens team expertise in coordinating publicly traded company
responsibilities with insurance operations, having been an
Executive Vice President, Chief Financial Officer at AIG (Advisor
Group, Atlanta).
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 February 1, 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 down -0.14 at 9.26 with 131,275 shares trading hands.