GLOBE LIFE INC. 8-K

What Happened Globe Life Inc. announced on Feb. 25, 2026 that its Board expanded from 12 to 14 directors and appointed Derek T. Kan and Sandra L. Phillips to the newly created seats. Their initial terms begin Feb. 25, 2026 and expire at the Company's Annual Meeting of Shareholders on April 30, 2026. The Board determined both to be "independent" under NYSE rules; Mr. Kan was named to the Audit Committee and Ms. Phillips to the Governance and Nominating Committee.

Key Details

• Board size increased from 12 to 14 on Feb. 25, 2026; appointments effective that date.
• Initial terms run through the April 30, 2026 Annual Meeting of Shareholders.
• Director pay under the Globe Life Inc. 2018 Non-Employee Director Compensation Plan: $110,000 annual cash retainer (prorated) and $190,000 annual equity retainer (prorated); Mr. Kan also receives a $12,500 annual Audit Committee member retainer (prorated).
• Company states there were no arrangements or related-party transactions requiring disclosure under Item 404(a) involving the new directors.

Why It Matters Board additions and committee assignments affect corporate governance and oversight — the Audit Committee appointment is relevant for financial oversight. The filing also clarifies compensation and independence status, which are material to shareholders evaluating governance practices and potential costs. No related-party transactions were reported for the new directors.