SECURITY NATIONAL FINANCIAL CORP 8-K

What Happened
Security National Financial Corporation (SNFCA) filed an 8-K on June 29, 2026 reporting results of its June 26, 2026 Annual Meeting and a Board declaration of a 5% stock dividend. At the record date (April 20, 2026) there were 22,445,316 Class A shares (including 1,124,565 treasury) and 3,587,237 Class C shares (including 104,604 treasury) outstanding, for a total of 26,032,553 shares. A total of 22,031,400 shares were represented and voted at the meeting. Stockholders elected nine directors (including Scott M. Quist, Gilbert A. Fuller and Adam G. Quist), approved an amendment to the 2022 Equity Incentive Plan, voted in favor (advisory) of executive compensation, and ratified Deloitte & Touche LLP as auditors. The Board declared a 5% stock dividend to be issued July 17, 2026 to holders of record as of July 10, 2026.

Key Details

• Shares outstanding (April 20, 2026): 22,445,316 Class A; 3,587,237 Class C; total 26,032,553. 22,031,400 shares were represented at the meeting.
• Directors: Nine directors elected; names include Scott M. Quist, Gilbert A. Fuller, Adam G. Quist, Shital A. Mehta, John L. Cook, S. Andrew Quist, Robert G. Hunter M.D., Jason G. Overbaugh, and H. Craig Moody.
• Equity plan amendment: Approved to allow up to 500,000 shares previously authorized only as Class A to be issued as Class C under the 2022 Equity Incentive Plan.
• Stock dividend: 5% stock dividend declared on June 26, 2026, payable July 17, 2026 to holders of record on July 10, 2026. SNF has paid annual stock dividends since 1991 (7.5% in 2020).

Why It Matters
Board continuity and re-approval of the equity plan maintain the company’s governance and compensation framework. The 5% stock dividend increases the number of shares outstanding proportionally (affecting per‑share metrics such as EPS and book value), but does not change each holder’s proportional ownership. Ratification of Deloitte & Touche as auditor and the advisory approval of executive compensation are routine governance matters that investors monitor for continuity and oversight.