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GLOBE LIFE INC.

(GL)
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GLOBE LIFE INC. : Change in Directors or Principal Officers (form 8-K)

11/05/2021 | 08:20am EST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Other Officers.

(d) On November 3, 2021, pursuant to the By-Laws of Globe Life Inc. (the "Company"), the Board of Directors (the "Board") of the Company voted to expand the number of directors to thirteen persons as of such date. The Board appointed Mark A. Blinn and James P. Brannen to fill the newly created directorships. Mr. Blinn and Mr. Brennan will each serve for an initial term commencing on November 3, 2021 and ending at the beginning of the April 28, 2022 Annual Meeting of Shareholders. There were no understandings or arrangements pursuant to which Mr. Blinn or Mr. Brennan were selected as directors.

Having been determined by the Board to be "independent" pursuant to NYSE rules and additional Company criteria, Mr. Blinn was named to serve on the Audit Committee of the Board and Mr. Brannen was named to serve on the Compensation Committee of the Board.

Mr. Blinn and Mr. Brannen are compensated for their service as directors pursuant to the Amended Globe Life Inc. 2018 Non-Employee Director Compensation Plan (the "Plan"), a sub-plan of the Globe Life Inc. 2018 Incentive Plan. Pursuant to the Plan, each newly-elected director will receive an annual cash retainer of $100,000 prorated for the period of his service (unless a timely election is made to receive an equivalent amount of restricted stock, restricted stock units, or stock options) and an annual equity retainer allowing him to elect to receive $160,000 of restricted stock, restricted stock units, or stock options prorated for the period of his service. As a member of the Audit Committee, Mr. Blinn will also receive an annual cash Audit Committee member retainer of $12,500 (prorated for the period of his service). There are no transactions or currently proposed transactions requiring disclosure pursuant to Item 404(a) of Regulation S-K involving Mr. Blinn or Mr. Brannen.

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© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 5 062 M - -
Net income 2021 732 M - -
Net Debt 2021 1 949 M - -
P/E ratio 2021 14,3x
Yield 2021 0,78%
Capitalization 10 209 M 10 209 M -
EV / Sales 2021 2,40x
EV / Sales 2022 2,29x
Nbr of Employees 3 261
Free-Float -
Chart GLOBE LIFE INC.
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Globe Life Inc. Technical Analysis Chart | GL | US37959E1029 | MarketScreener
Technical analysis trends GLOBE LIFE INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Last Close Price 101,10 $
Average target price 106,78 $
Spread / Average Target 5,62%
EPS Revisions
Managers and Directors
Larry M. Hutchison Co-Chairman & Co-Chief Executive Officer
Gary L. Coleman Co-Chairman & Co-Chief Executive Officer
Frank M. Svoboda Chief Financial Officer & Executive Vice President
James Eric McPartland Chief Information Officer & Executive VP
Joel P. Scarborough Senior Vice President-Legal & Compliance