New Globe Life (NYSE: GL) directors join audit and governance roles

Rhea-AI Filing Summary

Globe Life Inc. expanded its Board of Directors from twelve to fourteen members and appointed Derek T. Kan and Sandra L. Phillips to fill the new seats effective February 25, 2026. They will serve until the April 30, 2026 Annual Meeting of Shareholders.

Both have been designated as independent directors under NYSE rules and company criteria. Mr. Kan joined the Audit Committee, while Ms. Phillips joined the Governance and Nominating Committee. Each new director will receive a prorated annual cash retainer of $110,000 and a prorated annual equity retainer of $190,000, with Mr. Kan also receiving a prorated $12,500 Audit Committee member retainer.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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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): February 27, 2026 (February 25, 2026)

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 exchanged 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 Other Officers.

(d) On February 25, 2026, pursuant to the By-Laws of Globe Life Inc. (the "Company"), the Board of Directors (the "Board") of the Company voted to expand the number of directors from twelve to fourteen persons as of such date, and appointed Derek T. Kan and Sandra L. Phillips to fill the newly-created directorships. Mr. Kan and Ms. Phillips will each serve for an initial term commencing on February 25, 2026 and expiring at the Company’s April 30, 2026 Annual Meeting of Shareholders. There were no understandings or arrangements pursuant to which Mr. Kan or Ms. Phillips were selected as directors.

Having been determined by the Board to be "independent" pursuant to NYSE rules and additional Company criteria, Mr. Kan was named to serve on the Audit Committee of the Board and Ms. Phillips was named to serve on the Governance and Nominating Committee of the Board.

Mr. Kan and Ms. Phillips are compensated for their service as directors pursuant to the Globe Life Inc. 2018 Non-Employee Director Compensation Plan (the "Plan"), a sub-plan of the Globe Life Inc. 2018 Incentive Plan. Pursuant to the Plan, each newly-elected director will receive an annual cash retainer of $110,000 prorated for the period of his or her service (unless a timely election is made to receive an equivalent amount of restricted stock, restricted stock units, or stock options) and an annual equity retainer allowing him or her to elect to receive $190,000 of restricted stock, restricted stock units, or stock options prorated for the period of his or her service. As a member of the Audit Committee, Mr. Kan will also receive an annual cash Audit Committee member retainer of $12,500 (prorated for the period of his service). There are no transactions or currently proposed transactions requiring disclosure pursuant to Item 404(a) of Regulation S-K involving Mr. Kan or Ms. Phillips.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 27, 2026						GLOBE LIFE INC.
						/s/ Christopher T. Moore
						Christopher T. Moore Corporate Senior Vice President, Associate Counsel and Corporate Secretary

FAQ

What board changes did Globe Life (GL) disclose in this 8-K?

Globe Life expanded its Board of Directors from twelve to fourteen members and appointed Derek T. Kan and Sandra L. Phillips to the new seats, with initial terms running until the April 30, 2026 Annual Meeting of Shareholders.

Who are the new directors added to Globe Life (GL)’s board?

Globe Life appointed Derek T. Kan and Sandra L. Phillips as new directors effective February 25, 2026. Both were determined to be independent under NYSE rules and company criteria, and will serve initial terms ending at the April 30, 2026 Annual Meeting.

Which board committees will Globe Life’s new directors serve on?

Derek T. Kan will serve on Globe Life’s Audit Committee, while Sandra L. Phillips will serve on the Governance and Nominating Committee. These assignments reflect their designation as independent directors under NYSE rules and additional company independence criteria.

How will Globe Life (GL)’s new directors be compensated?

Each new director will receive a prorated annual cash retainer of $110,000 and a prorated annual equity retainer of $190,000 in restricted stock, restricted stock units, or stock options. Derek T. Kan also receives a prorated $12,500 annual Audit Committee member cash retainer.

Are there related-party transactions with Globe Life’s new directors?

The company states there are no transactions or currently proposed transactions requiring disclosure under Item 404(a) of Regulation S-K involving Derek T. Kan or Sandra L. Phillips, indicating no disclosable related-party dealings with Globe Life at this time.

How long will the new Globe Life directors serve initially?

Derek T. Kan and Sandra L. Phillips will each serve an initial term starting February 25, 2026 and expiring at Globe Life’s April 30, 2026 Annual Meeting of Shareholders, after which shareholders typically vote on the slate of directors.

Filing Exhibits & Attachments

4 documents

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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.3 KB
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