Security National (NASDAQ: SNFCA) OKs directors, 5% stock dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Security National Financial Corporation held its Annual Meeting of Stockholders in Salt Lake City, where all board nominees were elected, executive pay received advisory approval, and Deloitte & Touche LLP was ratified as auditor for the year ending December 31, 2026.
The meeting also approved an amendment to the 2022 Equity Incentive Plan allowing up to 500,000 previously authorized Class A shares to be issued instead as Class C shares. As of the April 20, 2026 record date, 22,445,316 Class A and 3,587,237 Class C common shares were outstanding, and 22,031,400 shares were represented, exceeding quorum requirements.
The Board declared a 5% stock dividend on outstanding Class A and Class C common stock, payable July 17, 2026 to stockholders of record on July 10, 2026. The company notes this represents its 38th consecutive year declaring a stock dividend, continuing a long-standing practice of annual stock distributions.
Positive
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Negative
- None.
8-K Event Classification
3 items: 5.07, 8.01, 9.01
3 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Class A shares outstanding: 22,445,316 shares
Class C shares outstanding: 3,587,237 shares
Total common shares outstanding: 26,032,553 shares
+5 more
8 metrics
Class A shares outstanding
22,445,316 shares
Class A common stock outstanding as of April 20, 2026
Class C shares outstanding
3,587,237 shares
Class C common stock outstanding as of April 20, 2026
Total common shares outstanding
26,032,553 shares
Combined Class A and Class C as of April 20, 2026
Shares represented at meeting
22,031,400 shares
Shares present in person or by proxy at the Annual Meeting
Stock dividend rate
5%
Stock dividend on outstanding Class A and Class C common stock
Dividend record date
July 10, 2026
Record date for 5% stock dividend eligibility
Dividend payment date
July 17, 2026
Payment date for the 5% stock dividend
Equity plan flexibility
500,000 shares
Shares that may be issued as Class C instead of Class A under 2022 plan
Key Terms
stock dividend, 2022 Equity Incentive Plan, independent registered public accountants, advisory basis, +1 more
5 terms
stock dividend financial
"the Board declared a 5% stock dividend (the “Stock Dividend”) on outstanding shares of the Company’s Class A and Class C Common Stock"
A stock dividend is when a company gives its existing shareholders extra shares instead of cash. It’s like receiving more pieces of the same pie rather than a bigger piece of money, which can increase the number of shares you own but usually doesn’t change the total value of your investment right away. Investors care about it because it can signal the company's growth and affect the stock’s price.
2022 Equity Incentive Plan financial
"approved the amendment of the Company’s 2022 Equity Incentive Plan to provide that up to 500,000 of the shares previously authorized"
independent registered public accountants financial
"ratified the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accountants for the fiscal year ending December 31, 2026"
Independent registered public accountants are external auditing firms licensed to examine a public company’s financial records and issue an objective opinion on whether the financial statements are accurate and follow accounting rules. They matter to investors because their independent check is like a neutral referee confirming the score in a game — it reduces the risk of errors or misleading information and helps investors trust the financial reports used to make decisions.
advisory basis financial
"approved, on an advisory basis, the compensation of the Company’s named executive officers"
weighted voting financial
"The voting results at the Annual Meeting set forth below reflect the weighted voting for the Class C common shares, which... have a weighted voting of ten votes per share"
FAQ
What did Security National Financial (SNFCA) announce in its latest 8-K?
Security National Financial reported results of its Annual Meeting and declared a 5% stock dividend. Stockholders elected all director nominees, approved an equity plan amendment, endorsed executive compensation, and ratified Deloitte & Touche LLP as independent auditor for 2026.
When will SNFCA’s 5% stock dividend be paid and who qualifies?
The 5% stock dividend will be issued on July 17, 2026 to stockholders of record on July 10, 2026. It applies to outstanding Class A and Class C common shares, continuing the company’s long-running annual stock dividend practice.
What change was approved to SNFCA’s 2022 Equity Incentive Plan?
Stockholders approved an amendment allowing up to 500,000 shares previously authorized only as Class A common stock to be issued instead as Class C common stock. This provides flexibility in how awards under the 2022 Equity Incentive Plan are denominated across the two share classes.
Was Security National Financial’s executive compensation approved by stockholders?
Yes. Stockholders approved, on an advisory basis, the compensation of Security National Financial’s named executive officers. Class A and Class C holders together cast 45,032,698 votes for, 4,666,774 votes against, and 15,718 votes abstaining on the say-on-pay proposal.
Who will serve as Security National Financial’s auditor for 2026?
Deloitte & Touche LLP was ratified as Security National Financial’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The proposal received 53,086,388 votes for, 17,847 votes against, and 1,942 votes abstaining from the combined share classes.