SNFCA 8-K
Security National Financial Corp (SNFCA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Title of each class | Trading symbol | Name of exchange on which registered | ||
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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).
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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 8.01. Other Events.
At the Board of Directors (the “Board”) Meeting of the Company on June 27, 2025, the Board declared a 5% stock dividend (the “Dividend”) on outstanding shares of the Company’s Class A and Class C Common Stock. The stock dividend will be issued on July 18, 2025 to the Class A and Class C common stockholders of record as of July 11, 2025.
The Company has issued 5% stock dividends on its shares of Class A and Class C Common Stock each year from 1991 through 2024, except in 2020 when stock dividends totaling 7.5% were issued. The Board is pleased to declare this 5% stock dividend in 2025.
On June 30, 2025, the Company issued a press release announcing the Dividend. A copy of that press release is attached hereto as Exhibit 99.1. The information contained in Exhibit 99.1 is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| EXHIBIT NUMBER | DESCRIPTION | |
| 99.1 | Press Release, dated June 30, 2025, entitled “Security National Financial Corporation Announces Stock Dividend” | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
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 30, 2025 | By: | /s/ Scott M. Quist |
| Scott M. Quist, Chairman, President and | ||
| Chief Executive Officer | ||
Exhibit 99.1
NEWS RELEASE
For Further Information Contact: Jeffrey R. Stephens
or Garrett S. Sill
Security National Financial Corporation
P.O. Box 57250
(Telephone) (801) 264-1060
(Fax) (801) 264-8430
Website: www.securitynational.com
FOR IMMEDIATE RELEASE
Security National Financial Corporation Announces Stock Dividend
Salt Lake City, Utah, June 30, 2025- Security National Financial Corporation (NASDAQ: SNFCA) announces that on June 27, 2025, its Board of Directors has authorized a 5% stock dividend for stockholders of record on July 11, 2025. The stock dividend will be issued on July 18, 2025.
Scott Quist, President and Chief Executive Officer of Security National Financial Corporation, stated: “This is the Company’s 37th consecutive year in declaring a stock dividend. We find many of our stockholders are pleased with the stock dividend due to the options it affords for long-term appreciation or cash flow if they choose to sell the shares.”
This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Security National Financial Corporation and its business. The predictions in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.