SECURITY NATIONAL FINANCIAL CORPORATION (NASDAQ:SNFCA) Files An 8-K Other EventsItem 8.01. Other Events
Stock Repurchase Authorization Announced
On September 7, 2018, the Board of Directors of Security National Financial Corporation (the "Company") approved a Stock Repurchase Plan that authorized the repurchase of 300,000 shares of the Company's Class A Common Stock in the open market. The repurchased shares of Class A common stock will be held as treasury shares to be used as the Company's employer matching contribution to the Employee 401(k) Retirement Savings Plan.
Item 9.01. Financial Statements and Exhibits
99.1 Press release issued by Security National Financial CorporationonSeptember 10, 2018
SECURITY NATIONAL FINANCIAL CORP ExhibitEX-99.1 2 exh99_1.htm PRESS RELEASE ISSUED BY SECURITY NATIONAL FINANCIAL CORPORATION ON SEPTEMBER 10,…To view the full exhibit click
About SECURITY NATIONAL FINANCIAL CORPORATION (NASDAQ:SNFCA)
Security National Financial Corporation is a holding company. The Company operates through three segments: life insurance, cemetery and mortuary, and mortgage loans. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance. The cemetery and mortuary segment consists of approximately seven mortuaries and five cemeteries in the state of Utah and a cemetery in the state of California. The mortgage loan segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes and real estate projects. The Company is also engaged in pre-need selling of funeral, cemetery, mortuary and cremation services through its Utah and California operations. It also sells pre-need funeral, cemetery and cremation services.