-----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, M2kzCWyRhD/1rBY9TmzQNFtaSZYoIKyEY+ccR0v4yJbHkdBFP0cpJXr1OqF6234h 3e6vMiy1kw52n3pZXBHJdw== 0000832480-09-000006.txt : 20090811 0000832480-09-000006.hdr.sgml : 20090811 20090811154753 ACCESSION NUMBER: 0000832480-09-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090811 ITEM INFORMATION: Other Events FILED AS OF DATE: 20090811 DATE AS OF CHANGE: 20090811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UTG INC CENTRAL INDEX KEY: 0000832480 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 202907892 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16867 FILM NUMBER: 091003770 BUSINESS ADDRESS: STREET 1: PO BOX 5147 STREET 2: 5250 SOUTH SIXTH STREET ROAD CITY: SPRINGFIELD STATE: IL ZIP: 62703 BUSINESS PHONE: 2173236300 MAIL ADDRESS: STREET 1: PO BOX 5147 STREET 2: 5250 SOUTH SIXTH STREET CITY: SPINGFIELD STATE: IL ZIP: 62705 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TRUST GROUP INC DATE OF NAME CHANGE: 20001206 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TRUST INC /IL/ DATE OF NAME CHANGE: 19920703 8-K 1 utg8k20090722.htm 8K utg8k20090722.htm

 
 
 
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): August 11, 2009
 
 
UTG, INC.
(Exact name of registrant as specified in its charter)
         
Delaware
  
0-16867
  
20-2907892
(State or other jurisdiction of
  
(Commission File Number)
  
(I.R.S. Employer Identification No.)
Incorporation or organization)
        
 
5250 South Sixth Street
 
 
Springfield, Illinois 62703
 
 
(Address of principal executive offices and zip code)
 
(217) 241-6300
 
(Registrant’s telephone number, including area code)
 
Not Applicable
(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):
 
 
o Written communications pursuant to Rule 425 under the Securities Act
 
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act
 
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
 
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
 
 

 


Section 8 – Other Events

Item 8.01.  Other Events.

On July 20, 2009, UTG, Inc.’s indirect 73% owned subsidiary American Capitol Insurance Company, a Texas life insurance company, entered into a definitive stock purchase agreement for the sale of its 100% owned life insurance subsidiary, Texas Imperial Life Insurance Company.  The transaction is expected to close by December 31, 2009 and is contingent upon regulatory approval and other factors.

Texas Imperial Life Insurance Company represents approximately $29,000,000 or 6% of the consolidated assets of UTG, Inc.  The sale is anticipated to have near zero impact to the consolidated income statement of UTG.  On a Statutory basis of accounting, this transaction will result in an increase of approximately $3,300,000 to the Statutory capital and surplus of American Capitol Insurance Company.

Texas Imperial Life Insurance Company is an immaterial subsidiary acquired in 2006 as part of the acquisition of ACAP Corporation and subsidiaries.  UTG, Inc. has a history of acquisition and consolidation.  Texas Imperial Life Insurance Company is a Texas only stipulated premium insurance company.  This fact makes a consolidation or merger of this company with any of the other insurance companies within the group impractical.



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.
 

UTG, INC.


Date:
August 11, 2009
  
By:
/s/ Theodore C. Miller
       
Theodore C. Miller
       
Senior Vice President and Chief Financial Officer



 


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