Security National Financial Corp. Schedules Annual Meeting of Stockholders
Ticker: SNFCA · Form: DEF 14A · Filed: Apr 19, 2024 · CIK: 318673
Sentiment: neutral
Topics: Annual Meeting, Proxy Statement, Director Election, Auditor Ratification, Corporate Governance
TL;DR
<b>Security National Financial Corporation will hold its Annual Meeting of Stockholders on June 21, 2024, to elect directors and ratify auditors.</b>
AI Summary
SECURITY NATIONAL FINANCIAL CORP (SNFCA) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. Annual Meeting of Stockholders scheduled for June 21, 2024, at 10:00 a.m. MDT. Meeting to be held at 433 Ascension Way, 1st Floor, Salt Lake City, Utah 84123. Key agenda items include election of ten directors. Ratification of Deloitte & Touche LLP as independent registered public accountants for FY2024. Other business as may properly come before the meeting will be addressed.
Why It Matters
For investors and stakeholders tracking SECURITY NATIONAL FINANCIAL CORP, this filing contains several important signals. Stockholders will vote on the composition of the Board of Directors, influencing corporate governance and strategic direction. The ratification of the independent auditor is crucial for financial transparency and investor confidence.
Risk Assessment
Risk Level: low — SECURITY NATIONAL FINANCIAL CORP shows low risk based on this filing. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance procedures rather than significant financial or operational events.
Analyst Insight
Stockholders should review the proxy materials to make informed voting decisions on director elections and auditor ratification.
Key Numbers
- ten — Directors to be elected (Election of directors)
- 2024 — Fiscal Year End (Fiscal year for which Deloitte & Touche LLP is proposed as auditor)
Key Players & Entities
- SECURITY NATIONAL FINANCIAL CORP (company) — Registrant name
- Deloitte & Touche LLP (company) — Proposed independent registered public accountants
- June 21, 2024 (date) — Date of Annual Meeting
- 10:00 a.m. Mountain Daylight Time (time) — Time of Annual Meeting
- 433 Ascension Way, 1st Floor, Salt Lake City, Utah 84123 (location) — Address of Annual Meeting
FAQ
When did SECURITY NATIONAL FINANCIAL CORP file this DEF 14A?
SECURITY NATIONAL FINANCIAL CORP filed this Proxy Statement (DEF 14A) with the SEC on April 19, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by SECURITY NATIONAL FINANCIAL CORP (SNFCA).
Where can I read the original DEF 14A filing from SECURITY NATIONAL FINANCIAL CORP?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by SECURITY NATIONAL FINANCIAL CORP.
What are the key takeaways from SECURITY NATIONAL FINANCIAL CORP's DEF 14A?
SECURITY NATIONAL FINANCIAL CORP filed this DEF 14A on April 19, 2024. Key takeaways: Annual Meeting of Stockholders scheduled for June 21, 2024, at 10:00 a.m. MDT.. Meeting to be held at 433 Ascension Way, 1st Floor, Salt Lake City, Utah 84123.. Key agenda items include election of ten directors..
Is SECURITY NATIONAL FINANCIAL CORP a risky investment based on this filing?
Based on this DEF 14A, SECURITY NATIONAL FINANCIAL CORP presents a relatively low-risk profile. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance procedures rather than significant financial or operational events.
What should investors do after reading SECURITY NATIONAL FINANCIAL CORP's DEF 14A?
Stockholders should review the proxy materials to make informed voting decisions on director elections and auditor ratification. The overall sentiment from this filing is neutral.
How does SECURITY NATIONAL FINANCIAL CORP compare to its industry peers?
Security National Financial Corporation operates within the finance services sector, as indicated by its SIC code.
Are there regulatory concerns for SECURITY NATIONAL FINANCIAL CORP?
The filing is made under the Securities Exchange Act of 1934, specifically Rule 14a-101, governing proxy statements.
Industry Context
Security National Financial Corporation operates within the finance services sector, as indicated by its SIC code.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Rule 14a-101, governing proxy statements.
What Investors Should Do
- Review the proxy statement for detailed information on director nominees.
- Evaluate the qualifications and independence of Deloitte & Touche LLP.
- Vote on the proposed items at the Annual Meeting.
Key Dates
- 2024-06-21: Annual Meeting of Stockholders — Election of directors and ratification of auditors
Year-Over-Year Comparison
This is a DEF 14A filing, which is a standard annual disclosure for proxy statements and does not represent a change from previous filings in terms of reporting frequency or type.
Filing Stats: 4,740 words · 19 min read · ~16 pages · Grade level 11.2 · Accepted 2024-04-19 14:03:25
Key Financial Figures
- $2.00 — 292,195 shares of Class A common stock, $2.00 par value per share, and 2,935,963 shar
Filing Documents
- formdef14a.htm (DEF 14A) — 574KB
- 0001493152-24-015300.txt ( ) — 576KB
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 23 Report of the Compensation Committee 25 Report of the Audit Committee 26 Proposal 2 - Ratification of Appointment of Independent Registered Public Accountants 27 Annual Report and Financial Statements 31 SECURITY NATIONAL FINANCIAL CORPORATION 433 Ascension Way, 6th Floor Salt Lake City, Utah 84123 PROXY For Annual Meeting of Stockholders To Be Held on Friday, June 21, 2024 GENERAL INFORMATION This Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Directors of Security National Financial Corporation (the “Company”) for use at the Annual Meeting of Stockholders (the “Annual Meeting”) to be held on Friday, June 21, 2024, at 433 Ascension Way, 1st Floor, Salt Lake City, Utah 84123, beginning at 10:00 a.m., Mountain Daylight Time, or at any adjournments or postponements thereof. The shares covered by the enclosed proxy, if such is properly executed and received by the Board of Directors prior to the meeting, will be voted in favor of the proposals to be considered at the Annual Meeting, and in favor of the election of the nominees to the Board of Directors (with four nominees to be elected by the Class A common stockholders voting separately as a class, and six nominees to be elected by the Class A and Class C common stockholders voting together) as listed unless such proxy specifies otherwise, or the authority to vote in the election of directors is withheld. A proxy may be revoked at any time before it is exercised by giving written notice to the Secretary of the Company at 433 Ascension Way, 6th Floor, Salt Lake City, Utah 84123, Attention: Jeffrey R. Stephens, by submitting in writing a proxy bearing a later date, by authorizing a proxy again on a later date on the Internet or by telephone, or by attending the Annual Meeting and voting in person. Stockholders may vote their shares in person if th