Shareholder Vote

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): June 23, 2022   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.)   433 Ascension Way , 6th Floor 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)   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 ( see General Instruction A.2 below):   ☐ 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   Name of each exchange on which registered Class A Common Stock   SNFCA   The Nasdaq Global Select Market   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 5.07. 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 June 17, 2022, in Salt Lake City, Utah. As of April 14, 2022, the record date, there were issued and outstanding 17,693,127 votable shares of Class A common stock and 2,757,165 votable shares of Class C common stock for a total of 20,450,292 votable shares of the Company’s common stock outstanding. A majority of the outstanding shares of Class A and Class C common stock (or 10,225,147 shares) constituted a quorum for the transaction of business at the Annual Meeting. A total of 16,495,835 votes were cast, which was a majority of the outstanding shares of Class A and Class C common stock, and thus a quorum for purposes of the Annual Meeting.   At the Annual Meeting, the Company’s stockholders (i) approved the election of Scott M. Quist, John L Cook, Jason G. Overbaugh, Gilbert A. Fuller, Robert G. Hunter, M.D., Ludmya B. Love, Shital A. Mehta, H. Craig Moody, S. Andrew Quist, and Adam G. Quist as directors of the Company;(ii) approved the Company’s 2022 Equity Incentive Plan; (iii) approved the amendment and restatement of the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of Class A and Class C common stock; (iv) approved, on an advisory basis, the compensation of the Company’s named executive officers; and (v) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants for the fiscal year ended December 31, 2022.   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 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 next Annual Meeting and until their successors are duly elected and qualified.   Name   Class   Votes For     Votes Withheld                     Scott M. Quist   Class A     10,884,645       301,381   Robert G. Hunter   Class A     10,557,768       608,258   Gilbert A. Fuller   Class A     10,603,355       582,671     2. To elect the remaining seven directors to be voted upon by Class A and Class C common stockholders together to serve until the next Annual Meeting and until their successors are duly elected and qualified.   Name   Class   Votes For     Votes Withheld                     Jason G. Overbaugh   Class A     10,835,447       350,579       Class C     27,282,070       -       Total     38,117,517       350,579                         John L. Cook   Class A     10,633,465       552,561       Class C     27,282,070       -       Total     37,915,535       552,561                         Ludmya B. Love   Class A     10,632,980       553,046       Class C     27,282,070       -       Total     37,915,050       553,046                         Shital A. Mehta   Class A     10,633,623       552,403       Class C     27,282,070       -       Total     37,915,693       552,403                         H. Craig Moody   Class A     10,547,342       638,684       Class C     27,282,070       -       Total     37,829,412       638,684     - 2 -     Name   Class   Votes For     Votes Withheld                     S. Andrew Quist   Class A     10,835,325       350,701       Class C     27,282,070       -       Total     38,117,395       350,701                         Adam G. Quist   Class A     10,834,836       351,190       Class C     27,282,070       -       Total     38,116,906       351,190     3. To approve the Company’s 2022 Equity Incentive Plan   Class   Votes For     Votes Against     Votes Abstaining                       Class A     10,551,493       629,363       5,170   Class C     27,282,070       -       -   Total     37,833,563       629,363       5,170     4. To approve the amendment and restatement of the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of Class A common stock from 20,000,000 shares to 40,000,000 shares and of Class C common stock from 3,000,000 shares to 6,000,000 shares.   Class   Votes For     Votes Against     Votes Abstaining                       Class A     13,091,416       669,295       6,917   Class C     27,282,070       -       -   Total     40,373,486       669,295       6,917     5. To approve, on an advisory basis, the compensation of the Company’s Named Executive Officers.   Class   Votes For     Votes Against     Votes Abstaining                       Class A     10,295,116       877,221       13,689   Class C     27,282,070       -       -   Total     37,577,186       877,221       13,689     6. To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants for the year ended December 31, 2021.   Class   Votes For     Votes Against     Votes Abstaining                       Class A     13,757,408       9,353       867   Class C     27,282,070       -       -   Total     41,039,478       9,353       867     - 3 -     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: June 23, 2022 /s/ Scott M. Quist   Scott M. Quist, Chairman, President   and Chief Executive Officer   - 4 -