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) March 21, 2005
UNITED TRUST GROUP, INC.
(Exact Name of Registrant as specified in its charter)
ILLINOIS 0-16867 37-1172848
(State or other Jurisdiction (Commission (I.R.S. Employer
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)
(217) 241-6300
Registrant's telephone number, including area code
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:
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))
Section 1 - Registrant's Business and Operations
Item 1.01. Entry into a Material Definitive Agreement
On March 21, 2005, Universal Guaranty Life Insurance Company ("UG") entered into
an agreement for the sale of 2,216,776 shares of common stock owned of BNL
Financial Corporation ("BNL"). These shares represent approximately 10.57% of
the current outstanding shares of BNL and represent all shares owned by UG. UG
is a wholly-owned subsidiary of United Trust Group, Inc. (the "Company"). The
shares are being reacquired by the issuing entity for an agreed upon sales price
of $ 2,300,000. The sale is contingent upon the acquiring company obtaining
necessary regulatory approvals and is expected to close within 30 days.
Should the sale be consummated, the Company will record a realized gain, net of
taxes, of approximately $ 1,268,750, or $ 0.32 per common share outstanding.
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: March 21, 2005
