-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OkAca26wM89eVM5kH+VnMnr8HBNN7LUA6qUYbQCmQyid9jIOxQgu2kMQwR46t80y BS7JqKdPs/Z6Z0I8OJfRww== 0000950134-02-009123.txt : 20020807 0000950134-02-009123.hdr.sgml : 20020807 20020807161648 ACCESSION NUMBER: 0000950134-02-009123 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020731 ITEM INFORMATION: Other events FILED AS OF DATE: 20020807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITIZENS INC CENTRAL INDEX KEY: 0000024090 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 840755371 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13004 FILM NUMBER: 02721861 BUSINESS ADDRESS: STREET 1: 400 EAST ANDERSON LANE CITY: AUSTIN STATE: TX ZIP: 78752 BUSINESS PHONE: 5128377100 MAIL ADDRESS: STREET 1: 400 EAST ANDERSON LANE CITY: AUSTIN STATE: TX ZIP: 78752 FORMER COMPANY: FORMER CONFORMED NAME: CONTINENTAL INVESTORS LIFE INC DATE OF NAME CHANGE: 19881222 8-K 1 d98768e8vk.txt FORM 8-K 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: July 31, 2002 (Date of earliest event reported) CITIZENS, INC. (Exact name of registrant as specified in its charter) COLORADO 0-16509 84-0755371 -------- ------- ---------- (State or other jurisdiction (Commission (IRS Employer incorporation File Number) Identification Number) 400 East Anderson Lane Austin, Texas 78752 - ----------------------- ----- (Address of principal (Zip Code) executive offices) (512) 837-7100 -------------- (Registrant's telephone number) ITEM 5. OTHER EVENTS. On July 31, 2002, class action certification was granted by a Travis County, Texas district court judge to the plaintiffs in a lawsuit filed in 1999 styled Delia Bolanos Andrade, et. al. v. Citizens Insurance Company of America, Citizens, Inc., Negocios Savoy, S.A., Harold E. Riley, and Mark A. Oliver, Case Number 99-09099. The suit alleges that life insurance policies sold to certain non-U.S. residents by Citizens Insurance Company of America are securities and were sold in violation of the registration provisions of the Texas securities laws. The suit seeks class action status naming as a class all non-U.S. residents who made premium payments since August 1996 and assigned policy dividends to a trust for the purchase of Citizens, Inc. Class A common stock. The remedy sought is rescission of the insurance premium payments. An appeal of the class action certification by the district court will be made shortly to the Texas Court of Appeals. Litigation counsel and defendants believe that the district court ruling is significantly in error and that there are substantial grounds for reversal. During the time of the appeal, the district court proceedings will be stayed. In the event the case proceeds to a trial, the defendants intend to defend vigorously against the claims. The Registrant is unable to determine the potential magnitude of the claims in the event of a final class action certification and the plaintiffs prevailing in the substantive action. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. None. 2 SIGNATURE Pursuant to the requirement 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. CITIZENS, INC. By: /s/ MARK A. OLIVER ---------------------------------- Mark A. Oliver, FLMI, President Date: August 7, 2002 3 -----END PRIVACY-ENHANCED MESSAGE-----