The company said on February 26, 2025 that its Board of Directors expanded the number of directors from 11 to 13 and appointed Matthew J. Adams and Philip M. Jacobs to fill the newly created seats.

1. 01

   The company said on February 26, 2025 that its Board of Directors expanded the number of directors from 11 to 13 and appointed Matthew J. Adams and Philip M. Jacobs to fill the newly created seats.

2. 02

   The company said Adams and Jacobs will each serve an initial term beginning on February 26, 2025 and expiring at the Annual Meeting of Shareholders on April 24, 2025. It explained that there were no understandings or arrangements under which the two were selected as directors.

3. 03

   Globe Life said the Board determined that Adams and Jacobs are "independent" under NYSE rules and additional company criteria, and named them to the Audit Committee of the Board.

4. 04

   Globe Life said that under the Globe Life Inc. 2018 Non-Employee Director Compensation Plan, newly appointed directors receive an annual cash retainer of $100,000 and an annual equity retainer of $180,000, with the option to elect restricted stock, restricted stock units or stock options, both prorated for their period of service. Audit Committee members also receive an annual cash retainer of $12,500, prorated for their period of service.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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