snfca8k.htm




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): July 1, 2015



    SECURITY NATIONAL FINANCIAL CORPORATION
(Exact name of registrant as specified in this Charter)


 
        Utah          000-09341             87-0345941         
 (State or other jurisdiction of incorporation)  (Commission File Number)  (IRS Employer Identification No.)
     
     
 5300 South 360 West, Salt Lake City, Utah    84123
 (Address of principal executive offices)     (Zip Code)
     
 
 

Registrant's Telephone Number, Including Area Code:  (801) 264-1060





                       Does Not Apply                  
(Former name or former address, if changed since last report)
 
 
 
 
 
 
 

 
 
Item 5.07. Submission of Matters to a Vote of Security Holders

The Annual Meeting of Stockholders (the “Annual Meeting”) of Security National Financial Corporation (the “Company”) was held on July 1, 2015, in Salt Lake City, Utah.  As of the record date, there were issued and outstanding 11,684,212 shares of Class A common stock and 1,507,561 shares of Class C common stock, such Class C shares representing a weighted voting total of 15,075,610 Class C common shares, for a combined voting total of 26,759,822 Class A and Class C common shares.  At the Annual Meeting there was present or represented by proxy a total of 8,973,441 Class A common shares (or approximately 77% of the outstanding Class A shares) and 1,471,483 Class C common shares, such Class C shares representing a weighted voting total of 14,714,830 Class C common shares (or approximately 98% of the outstanding Class C shares), for a  combined voting total of 23,688,271 Class A and Class C common shares (approximately 89% of the outstanding Class A and Class C shares).  Accordingly, under Article IX of the Company’s Articles of Incorporation and the Utah Revised Business Corporation Act, the combined voting total of Class A and Class C common shares was a majority of the outstanding voting total of shares of Class A and Class C common stock and constituted a quorum for the Annual Meeting.

At the Annual Meeting, the Company’s stockholders (i) approved the election of Scott M. Quist, J. Lynn Beckstead, Jr., Gilbert A. Fuller, John L. Cook, Robert G. Hunter, M.D., H. Craig Moody, Jason G. Overbaugh, S. Andrew Quist and Norman G. Wilbur as directors of the Company; (ii) approved, on an advisory basis, the compensation of the Company’s named executive officers; (iii) approved the amendment to the Company’s 2013 Stock Option Plan to authorize an additional 450,000 shares of Class A common stock to be available for issuance under the plan, of which up to 200,000 shares of Class A common stock may be issued as up to 200,000 shares of Class C common stock; and (iv) ratified the appointment of Eide Bailey LLC as the Company’s independent registered public accountants for the fiscal year ending December 31, 2015.

The results of the voting at the Annual Meeting on the matters submitted to the stockholders are set forth below.  It should be noted that at the Company’s Annual Stockholders Meeting held on July 2, 2014, the stockholders approved a resolution providing for a 1-for-10 reverse stock split of the Company’s Class C common stock and for weighted voting of the Class C common stock.  As a result, each share of Class C common stock has weighted voting of ten votes per share and may be converted into one share of Class A common stock. The voting results at the Annual Meeting set forth below reflect the weighted voting for the Class C common shares.
 
1. To elect three directors to be voted upon by Class A common stockholders voting separately as a class to serve until the 2016 Annual Meeting and until their successors are duly elected and qualified.
               
Name   Class   Votes For     Votes Withheld
               
 Scott M. Quist    Class A     6,830,334       165,621
 J. Lynn Beckstead, Jr.    Class A     6,791,233       204,722
Gilbert A. Fuller    Class A     6,830,977       164,978
                   
2. To elect the remaining six directors to be voted upon by Class A and Class C common stockholders together to serve until the 2016 Annual Meeting and until their successors are duly elected and qualified.
                   
 Name    Class     Votes For        Votes Withheld 
                   
 John L. Cook    Class A     6,833,637       162,318
     Class C     14,714,790       40
        Total     21,548,427       162,358
                   
 Robert G. Hunter, M.D.    Class A     6,833,762       162,193
     Class C     14,714,790       40
        Total     21,548,552       162,233
                   
 H. Craig Moody    Class A     6,832,706       163,249
     Class C     14,714,790       40
        Total     21,547,496       163,289
                   
 Jason G. Overbaugh    Class A     6,813,195       182,760
     Class C     14,714,790       40
        Total     21,527,985       182,800
                   
 S. Andrew Quist    Class A     6,812,677       183,278
     Class C     14,712,910       1,920
        Total     21,525,587       185,198
                   
 Norman G. Wilbur    Class A     5,677,833       l,318,122
     Class C     14,714,790       40
        Total     20,392,623       1,318,162
                   
 
 
 

 
 
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3. To approve, on an advisory basis, the compensation of the Company’s named executive officers.
                 
Class   Votes For     Votes Against     Votes Abstaining
                 
Class A     6,745,676       245,920       13,359
Class C     14,709,170       5,620       40
    Total     21,454,846       251,540       13,399
                       
4. To approve the amendment to the Company’s 2013 Stock Option Plan to authorize an additional 450,000 shares of Class A common stock to be available for issuance under the plan, of which up to 200,000 shares of Class A common shares may be issued as up to 200,000 shares of Class C common stock.
                       
Class   Votes For     Votes Against     Votes Abstaining
                       
Class A     6,801,196       193,164       10,595
Class C     14,709,170       5,620       40
    Total     21,510,366       198,784       10,635
                       
5. To ratify the appointment of Eide Bailey LLC as the Company’s independent registered public accountants for the fiscal year ended December 31, 2015.
                       
Class   Votes For     Votes Against     Votes Abstaining
                       
Class A     8,843,437       121,980       8,024
Class C     14,709,170       5,620       40
    Total     23,552,607       127,600       8,064
                       
 
 
 
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.
 
 
   SECURITY NATIONAL FINANCIAL CORPORATION
                                       (Registrant)
   
   
 Date: July 13, 2015  By: /s/ Scott M. Quist
        Scott M. Quist, President
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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