SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) September 17, 2003
UNITED TRUST GROUP, INC.
(Exact Name of Registrant as specified in its charter)
ILLINOIS 0-16867 37-1172848
(State or other Juris- (Commission (I.R.S. Employer
diction of incorporation File Number) identification No.)
5250 SOUTH SIXTH STREET
P.O. BOX 5147
SPRINGFIELD, IL 62705
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (217)-241-6300
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. Other Events and Regulation FD Disclosure
On September 17, 2003, the Board of Directors of United Trust Group, Inc.
("UTG") approved a resolution amending the Company's Employee and Director Stock
Purchase Plan (the "Plan") originally established in 2002. The amendment was in
response to Statement of Financial Accounting Standards No. 150 "Accounting for
Certain Financial Instruments with Characteristics of both Liabilities and
Equity" which generally becomes effective for entities at the beginning of the
first interim period beginning after June 15, 2003. FAS 150 contained, among
other matters, new guidance on the accounting treatment of various financial
instruments issued in the form of shares that embody unconditional obligations
of the issuer to redeem the instruments by transferring its assets at a
specified or determinable date or dates or upon an event that is certain to
occur. The original plan contained such a provision, whereby UTG was required to
repurchase shares issued under the plan upon the termination of employment or
death of the plan participant. Under the FAS 150 guidance, such a financial
instrument would be classified as a liability rather than equity. The amendment
made to the plan changed these mandatory redemption provisions to comply with
the new rules and maintain an equity treatment status. Included with this filing
as Exhibit 99.1 is the United Trust Group, Inc. Employee and Director Stock
Purchase Plan as amended including the associated exhibits of Notice of Offering
and Subscription Agreement and Amended and Restated Stock Restriction and
Buy-Sell Agreement.
ITEM 7. Financial Statements and Exhibits
The following exhibits are included with this 8K filing:
Exhibit Number Description Page
99.1 United Trust Group, Inc.
Employee and Director Stock Purchase Plan 4
SIGNATURES
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.
UNITED TRUST GROUP, INC.
(Registrant)
By: /s/ Randall L. Attkisson
Randall L. Attkisson
President , Chief Operating
Officer and Director
By: /s/ Theodore C. Miller
Theodore C. Miller
Senior Vice President and
Chief Financial Officer
Date: September 18, 2003
