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): May 19, 2005
REGAN HOLDING CORP.
(Exact name of registrant as specified in its charter)
California 000-19704 68-0211359
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
2090 Marina Avenue
Petaluma, California 94954
(Address of principal executive offices)
(707) 778-8638
(Registrant's telephone number, including area code)
N/A
(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.):
[ ] 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 1.01 Entry into a Material Definitive Agreement.
On May 19, 2005, the Compensation Committee of Regan Holding Corp's Board of
Directors and Lynda Regan, Regan Holding Corp's Chairman and Chief Executive
Officer, agreed to amend Ms. Regan's compensation arrangement such that Ms.
Regan will earn a salary of $10,000 per month until such time as the Committee
determines that such salary should be changed.
On May 19, 2005, the Compensation Committee of Regan Holding Corp's Board of
Directors and R. Preston Pitts, Regan Holding Corp's President, Chief Operating
Officer, and Chief Financial Officer, agreed to amend Mr. Pitts' compensation
arrangement such that Mr. Pitts will earn a salary of $10,000 per month until
such time as the Committee determines that such salary should be changed.
The salary reductions came at the request of Ms. Regan and Mr. Pitts,
respectively, in order to demonstrate their commitment and belief in the
Company.
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.
REGAN HOLDING CORP.
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(Registrant)
Date: May 25, 2005 /s/ R. Preston Pitts
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R. Preston Pitts
President, Chief Financial Officer
and Chief Operating Officer