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, 2023   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, 6 th 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 exchange on which registered Class A Common Stock   SNFCA   The Nasdaq Global Select Market   Securities registered pursuant to Section 12(g) of the Act: None   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 23, 2023, in Salt Lake City, Utah. As of April 21, 2023, the record date, there were issued and outstanding 18,099,690 votable shares of Class A common stock and 2,854,907 votable shares of Class C common stock for a total of 20,954,597 votable shares of the Company’s common stock outstanding. A majority of the outstanding shares of Class A and Class C common stock (or 10,477,299 shares) constituted a quorum for the transaction of business at the Annual Meeting. A total of 14,117,706 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, Ludmya B. Love, Adam G. Quist, H. Craig Moody, Jason G. Overbaugh, John L. Cook, Robert G. Hunter, Gilbert A. Fuller, Shital A. Mehta, and S. Andrew Quist as directors of the Company; (ii) approved, on an advisory basis, the compensation of the Company’s named executive officers; (iii) approved a non-binding advisory resolution that the shareholders be asked to approve, on an advisory basis, the compensation of the Company’s Named Executive Officers every three years during the next six years; and (iv) ratified the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accountants for the fiscal year ending December 31, 2023.   The results of the voting at the Annual Meeting on the matters submitted to the stockholders are set forth below. The voting results at the Annual Meeting set forth below reflect the weighted voting for the Class C common shares, which have a weighted voting of ten votes per share.   1. To elect four directors to be voted upon by the 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     Total   Scott M. Quist   Class A     11,051,451       240,220       11,291,671   Ludmya B. Love   Class A     10,143,218       1,148,453       11,291,671   Adam G. Quist   Class A     10,994,688       296,983       11,291,671   H. Craig Moody   Class A     10,006,634       1,285,037       11,291,671     2. To elect the remaining six directors to be voted upon by the 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     Total   Jason G. Overbaugh   Class A     11,018,980       272,691       11,291,671       Class C     28,260,350       -       28,260,350       Total     39,279,330       272,691       39,552,021                                 John L. Cook   Class A     10,152,423       1,139,248       11,291,671       Class C     28,260,350       -       28,260,350       Total     38,412,773       1,139,248       39,552,021                                 Robert G. Hunter, MD   Class A     10,051,530       1,240,141       11,291,671       Class C     28,260,350       -       28,260,350       Total     38,311,880       1,240,141       39,552,021                                 Gilbert A. Fuller   Class A     10,086,084       1,205,587       11,291,671       Class C     28,260,350       -       28,260,350       Total     38,346,434       1,205,587       39,552,021                                 Shital A. Mehta   Class A     10,143,489       1,148,182       11,291,671       Class C     28,260,350       -       28,260,350       Total     38,403,839       1,148,182       39,552,021                                 S. Andrew Quist   Class A     10,994,743       296,928       11,291,671       Class C     28,260,350       -       28,260,350       Total     39,255,093       296,928       39,552,021           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     10,731,113       539,876       20,682   Class C     28,260,350       -       -   Total     38,991,463       539,876       20,682     4. To approve a non-binding, advisory resolution to determine whether, during the next six years, the Company’s shareholders will be asked to approve, on an advisory basis, the compensation of the Company’s Named Executive Officers every one, two or three years:   Class   Votes For Every 1 Year     For Every 2 Years     For Every 3 Years     Abstain                                     Class A     1,783,286       51,034       9,454,274       3,077   Class C     -       -       28,260,350       -   Total     1,783,286       51,034       37,714,624       3,077     The Company has determined to hold the vote, on an advisory basis, every three years for the next six years.   5. To ratify the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accountants for the year ending December 31, 2023:   Class   Votes For     Votes Against     Votes Abstaining                       Class A     13,797,081       10,304       1,696   Class C     28,260,350       -       -   Total     42,057,431       10,304       1,696           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 28, 2023 By: /s/ Scott M. Quist     Scott M. Quist, Chairman, President and     Chief Executive Officer