NATIONAL WESTERN LIFE GROUP, INC. (NASDAQ:NWLI) 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.

On December 12, 2018, the Compensation and Stock Option Committee of National Western Life Group, Inc. (“NWLGI”) approved the calendar year National Western Life Insurance Company 2019 Officer Bonus Program (“Bonus Program”) which includes as participants various named executive officers. NWLGI is the holding company for National Western Life Insurance Company (“NWLIC”). The Bonus Program is designed to provide additional compensation based on NWLIC achieving certain performance and profit criteria in order to hold executives accountable through their compensation for the performance of the business. The Bonus Program participants are as follows:

National Western Life Insurance Company 2019 Officer Bonus Program

Ross R. Moody – Chairman of the Board and Chief Executive Officer

Kitty K. Nelson – President and Chief Operating Officer

Rey Perez – Executive Vice President, Chief Legal Officer and Secretary

Charles D. Milos – Senior Vice President, Mortgage Loans and Real Estate

Brian M. Pribyl – Senior Vice President, Chief Financial Officer and Treasurer

David D. Ramsey – Senior Vice President, Chief Actuary

Patricia L. Scheuer – Senior Vice President, Chief Investment Officer

Steven W. Mills – Senior Vice President, Chief Administrative Officer

The Bonus Program is in effect for the year ending December 31, 2019. Amounts earned under the Bonus Program will be paid in 2020 when final results are determined. A copy of the Bonus Program is attached hereto as Exhibit 10(o) and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.