NATIONAL WESTERN LIFE GROUP, INC. (NASDAQ:NWLI) Files An 8-K Completion of Acquisition or Disposition of Assets

NATIONAL WESTERN LIFE GROUP, INC. (NASDAQ:NWLI) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 7.01 Completion of Acquisition or Disposition of Assets

On January 31, 2019, National Western Life Insurance Company (“NWLIC”), a wholly owned subsidiary of National Western Life Group, Inc. (“Company”), completed the previously announced acquisition of Ozark National Life Insurance Company (“Ozark National”) and N.I.S. Financial Services, Inc. (“NIS”) from CNS Corporation to the terms of the Stock Purchase Agreement dated October 3, 2018.

TheStock Purchase Agreementcontains customary representations, warranties, and covenants by NWLIC and CNS Corporation. The Stock Purchase Agreement also provides for certain indemnification rights following the closing of the transaction that are customary for a transaction of this nature, subject to certain limitations set forth in theagreement.

The foregoing description of the Stock Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Stock Purchase Agreement, a copy of which was filed as Exhibit 2.1 to the Current Report on Form8-K filed by the Company with the Securities and Exchange Commission on October 4, 2018, and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

On February 1, 2019, the Company issued a press release announcing the completion of the acquisition of Ozark National and NIS. A copy of this press release is being furnished as Exhibit 99.1 to this Current Report on Form8-K.

The information in this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities under such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Item 7.01Financial Statements and Exhibits

( a ) Financial statements of businesses acquired.

Ozark National has not previously prepared financial statements in accordance with generally accepted accounting principles (“GAAP”). to Item 7.01(a)(1) and the requirements of Regulation S-X, the Company will determine the significance of the GAAP basis financial statements of Ozark National and NIS in relation to the Company’s 2017 financial results included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and will file financial statements, if required, by amendment to this Current Report on Form 8-K no later than 71 days after the date of this Current Report on Form 8-K is required to be filed.

( b ) Pro forma financial information.

Ozark National has not previously prepared financial statements in accordance with generally accepted accounting principles (“GAAP”). to Item 7.01(b)(1) and the requirements of Regulation S-X, the Company will determine the significance of the GAAP basis financial statements of Ozark National and NIS in relation to the Company’s 2017 financial results included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and will file pro forma financial information, if required, by amendment to this Current Report on Form 8-K no later than 71 days after the date of this Current Report on Form 8-K is required to be filed.

( d ) Exhibits