[8-K] GLOBE LIFE INC. Reports Material Event

Rhea-AI Filing Summary

Globe Life Inc. amended its Supplemental Executive Retirement Plan (SERP). The update revises the early retirement reduction factors, setting benefit levels from 50% at age 55 up to 100% at age 65.

The amendment also provides that SERP participants who are in the Executive Severance Plan and experience a “Qualifying Termination” during a “Change of Control Protection Period” will be deemed vested and eligible for Retirement Income. In that case, the participant’s retirement age is deemed the greater of actual age or 55; the Pension Plan benefit is assumed vested, early-retirement eligible, and calculated as of the greater of actual age or 55; and no additional Credited service is included in either the Pension Plan or SERP benefit.

Insights

Executive compensation & benefits analyst

Neutral plan change clarifies early-retirement factors and change-of-control vesting.

Globe Life updated its SERP to specify a clear early-retirement factor schedule (50% at age 55 scaling to 100% at 65). This defines how benefits are reduced for earlier retirements and provides predictable calculations for participants.

The amendment also defines treatment during a change of control: certain participants in the Executive Severance Plan with a Qualifying Termination are deemed vested and eligible for Retirement Income, with benefits calculated using age‑55 floors and no added credited service. These are administrative and governance clarifications rather than financial performance events.

Actual impact depends on workforce demographics and any future change‑of‑control events; the excerpt provides no cost figures or timelines beyond November 5, 2025.

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UNITED STATES

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): November 6, 2025 (November 5, 2025)

GLOBE LIFE INC.

(Exact name of registrant as specified in its charter)

Delaware

001-08052

63-0780404

(State or other jurisdiction of incorporation)

(Commission File No.)

(I.R.S. Employer ID No.)

3700 South Stonebridge Drive, McKinney, Texas 75070

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (972) 569-4000

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:

☐			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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $1.00 par value per share			GL			New York Stock Exchange
Common Stock, $1.00 par value per share			GL			NYSE Texas, Inc.
4.250% Junior Subordinated Debentures			GL PRD			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 5, 2025, Globe Life Inc. (the “Company”) entered into an Amendment One (the “Amendment”) to the Globe Life Inc. Supplemental Executive Retirement Plan (the “SERP”). The Amendment:

•Revises the early retirement reduction factor for reducing the amount of benefit payable under the SERP when participants retire before the age of 65 as set forth below:

Age			Factor
55			50		%
56			55		%
57			60		%
58			70		%
59			80		%
60			90		%
61			92		%
62			94		%
63			96		%
64			98		%
65			100		%

•Provides that if a participant in the SERP is in the Company’s Executive Severance Plan (the “Severance Plan”) and the participant’s employment is terminated due to a “Qualifying Termination” during a “Change of Control Protection Period” as such terms are defined in the Severance Plan, the participant will be deemed vested and eligible for Retirement Income under the SERP, notwithstanding other provisions of the SERP.

•A participant’s benefit in the case of a Qualifying Termination during a Change of Control Protection Period will be determined based on the following assumptions:

◦Participant’s retirement age shall be deemed to the greater of their actual age of age 55;

◦Participant’s Pension Plan benefit determined under Section 4.2(c) of the SERP shall be assumed to be vested, early retirement eligible and calculated as of the greater of participant’s actual age or age 55; and

◦Participant shall receive no additional Credited (as defined in the Pension Plan) in either the calculation of the Pension Plan or SERP benefit.

The foregoing summary of the terms of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01    Financial Statement and Exhibits.

(d)    Exhibits.

(10.1)    Amendment One to the Globe Life Inc. Supplemental Executive Retirement Plan

(104)    Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

 

Date: November 6, 2025						GLOBE LIFE INC.
						/s/ Christopher T. Moore
						Christopher T. Moore Corporate Senior Vice President, Associate Counsel and Corporate Secretary

FAQ

What did GL change in its SERP?

The company revised early-retirement reduction factors and set vesting eligibility rules for certain terminations during a change of control.

What are the new early-retirement factors for GL’s SERP?

Benefits are 50% at age 55, 55% at 56, 60% at 57, 70% at 58, 80% at 59, 90% at 60, 92% at 61, 94% at 62, 96% at 63, 98% at 64, and 100% at 65.

How does the change-of-control provision affect GL (GL) SERP participants?

If in the Executive Severance Plan and terminated in a Qualifying Termination during the Change of Control Protection Period, participants are deemed vested and eligible for Retirement Income.

How are benefits calculated under a Qualifying Termination for GL?

Retirement age and Pension Plan calculations use the greater of actual age or 55; the Pension Plan is assumed vested and early‑retirement eligible; no additional credited service is included.

Who is eligible for these GL SERP protections?

SERP participants who also participate in the Executive Severance Plan and meet the Qualifying Termination criteria during the Change of Control Protection Period.

Where can I find the full GL amendment text?

See Exhibit 10.1: Amendment One to the Globe Life Inc. Supplemental Executive Retirement Plan.