UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) December 16, 2016 (December 14, 2016)
NATIONAL WESTERN LIFE GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 000-55522 | 47-3339380 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
850 East Anderson Lane Austin, Texas | 78752-1602 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
Registrant’s telephone number, including area code (512) 836-1010
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 14, 2016, the Compensation and Stock Option Committee of National Western Life Group, Inc. (“NWLGI”) approved calendar year 2017 National Western Life Insurance Company ("NWLIC") bonus programs which include as participants various named executive officers of NWLGI. NWLGI is the holding company for NWLIC. These bonus programs are 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 programs and executive officer participants are as follows:
| • | National Western Life Insurance Company 2017 Executive Officer Bonus Program |
Ross R. Moody - Chairman of the Board and Chief Executive Officer
Kitty K. Nelson - President and Chief Operating Officer
| • | National Western Life Insurance Company 2017 Domestic Marketing Officer Bonus Program |
Brian R. Bulakites - Senior Vice President, Chief Marketing Officer
| • | National Western Life Insurance Company 2017 International Marketing Officer Bonus Program |
Carlos A. Martinez - Senior Vice President, International Marketing
| • | National Western Life Insurance Company 2017 Officer Bonus Program |
Riad Hasan - Senior Vice President - Chief Information Officer
Charles D. Milos - Senior Vice President, Mortgage Loans and Real Estate
Rey Perez - Senior Vice President, Chief Legal Officer and Secretary
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
The bonus programs are in effect for the year ending December 31, 2017. Amounts earned under the Domestic Marketing Officer Bonus Program and the International Marketing Officer Bonus Program may be paid as frequently as quarterly during 2017. Otherwise, amounts earned under the bonus programs will be paid in 2018 when final results are determined. Copies of the 2017 bonus programs are attached hereto as Exhibits 10(e), 10(f), 10(g), and 10(h) and are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
| (d) Exhibits | ||
| Exhibit | ||
| Number | Description | |
| 10(e) | National Western Life Insurance Company 2017 Executive Officer Bonus Program - Addendum | |
| 10(f) | National Western Life Insurance Company 2017 Domestic Marketing Officer Bonus Program | |
| 10(g) | National Western Life Insurance Company 2017 International Marketing Officer Bonus Program | |
| 10(h) | National Western Life Insurance Company 2017 Officer Bonus Program | |
| SIGNATURE | |||
| Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. | |||
| NATIONAL WESTERN LIFE GROUP, INC. | |||
| Date: December 16, 2016 | /S/Brian M. Pribyl | ||
| Brian M. Pribyl | |||
| Senior Vice President, | |||
| Chief Financial Officer | |||
| and Treasurer | |||