<SEC-DOCUMENT>0001096906-19-000437.txt : 20191220
<SEC-HEADER>0001096906-19-000437.hdr.sgml : 20191220
<ACCEPTANCE-DATETIME>20191220171832
ACCESSION NUMBER:		0001096906-19-000437
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20191213
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191220
DATE AS OF CHANGE:		20191220

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SECURITY NATIONAL FINANCIAL CORP
		CENTRAL INDEX KEY:			0000318673
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				870345941
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-09341
		FILM NUMBER:		191302618

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 57220
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84157
		BUSINESS PHONE:		8012641060

	MAIL ADDRESS:	
		STREET 1:		PO BOX 57220
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84157

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SNL FINANCIAL CORP
		DATE OF NAME CHANGE:	19910401
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>security.htm
<DESCRIPTION>8K
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Washington, D.C.&#160; 20549</div>
    <div style="line-height: 1.25; font-weight: bold;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">__________________</div>
    <div style="line-height: 1.25; font-weight: bold;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM 8-K</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">__________________</div>
    <div style="line-height: 1.25; font-weight: bold;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Date of Report (Date of Earliest Event Reported): December 13, 2019</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 18pt;"><u>SECURITY NATIONAL FINANCIAL CORPORATION</u></div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Exact name of registrant as specified in this Charter)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zbd8b752c18994420bb8260007df784ed">

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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;"><u>Utah</u></div>
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          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;"><u>000-09341</u></div>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>87-0345941</u></div>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(State or other jurisdiction of incorporation)</div>
          </td>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;">(Commission File Number)</div>
          </td>
          <td style="width: 33%; vertical-align: top; font-weight: normal;">
            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">IRS Employer Identification No.)</div>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>5300 South 360 West,&#160; Salt Lake City, Utah</u></div>
          </td>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>84123</u></div>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Address of principal executive offices)</div>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Zip Code)</div>
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          <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Registrant's Telephone Number, Including Area Code:</div>
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            <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;<u>(801) 264-1060</u></div>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>Does Not Apply</u></div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Former name or former address, if changed since last report)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">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 (<font style="font-family: 'Times New Roman',Times,serif;"><u>see</u></font> General Instruction A.2 below):</div>
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    <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">[&#160; ]</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27pt;" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
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    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">[&#160; ]</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27pt;" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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    <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">[&#160; ]</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27pt;" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
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    <div style="text-align: justify; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">[&#160; ]</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 27pt;" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
      Act of 1934 (&#167;240.12b-2 of this chapter).</div>
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    </div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Emerging growth company&#160;&#160; [&#160;&#160; ]</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">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.&#160; &#160;&#160; [&#160;&#160; ]</div>
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    <div style="line-height: 1.25; font-weight: bold;">Item 8.01.&#160; <font style="font-style: italic;">Other Events</font></div>
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    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Acquisition of Kilpatrick Life Insurance Company</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">On December 13, 2019, Security National Financial Corporation, through its wholly owned subsidiary, Security National Life Insurance Company (&#8220;Security Life&#8221;) completed a stock
      purchase transaction with Kilpatrick Life Insurance Company, a Louisiana domiciled life insurance company (&#8220;Kilpatrick Life&#8221;) and its shareholders, which resulted in the purchase of all the outstanding shares of common stock of Kilpatrick Life. The
      closing of the transaction was subject to approval by the Louisiana Department of Insurance of the change of control of Kilpatrick Life, which was received on December 12, 2019.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">On November 12, 2019, the Company filed Form 8-K disclosing the execution of the Stock Purchase Agreement to acquire Kilpatrick Life. Under the terms of the transaction, the total
      Purchase Price that Security Life paid for all the shares held by the Kilpatrick shareholders was $23,780,000. </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">As a condition to the closing of the transaction, the Company will file an audited statement of assets acquired and liabilities assumed of Kilpatrick Life on the basis of the
      allocation of the purchase price as of December 13, 2019, the closing date of the transaction. The Company anticipates that the amended Form 8-K will be filed with the U.S. Securities and Exchange Commission (SEC) within 71 days from the filing of
      this Form 8-K report.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Item 9.01. <font style="font-style: italic;">Financial Statements and Exhibits</font></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">(c) Exhibits</div>
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    <div style="text-align: justify; text-indent: -36pt; margin-left: 36pt; line-height: 1.25;">10.1<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt" id="TRGRRTFtoHTMLTab">&#160;</font>Stock Purchase Agreement dated October 11,
      2019, with Kilpatrick Life Insurance Company, excluding exhibits*</div>
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    <div style="text-align: justify; text-indent: -18pt; margin-left: 18pt; line-height: 1.25;">*&#160; &#160; &#160; Incorporated by reference from Report on Form 8-K, as filed on November 12, 2019.</div>
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    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURES</div>
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    </div>
    <div style="text-indent: 36pt; line-height: 1.25;">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.</div>
    <div style="text-indent: 36pt; line-height: 1.25;"> <br>
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            <td style="width: 6.4%; vertical-align: top;">&#160;</td>
            <td style="width: 64.91%; vertical-align: top;">
              <div style="line-height: 1.25; font-weight: bold;">SECURITY NATIONAL FINANCIAL CORPORATION</div>
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            <td style="width: 28.69%; vertical-align: top;">&#160;</td>
            <td style="width: 6.4%; vertical-align: top;">&#160;</td>
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              <div style="line-height: 1.25;">(Registrant)</div>
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              <div style="line-height: 1.25;">Date: December 20, 2019</div>
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              <div style="line-height: 1.25;">By:</div>
            </td>
            <td style="width: 64.91%; vertical-align: top;"><u>&#160;/s/ Scott M. Quist</u></td>
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            <td style="width: 28.69%; vertical-align: top;">&#160;</td>
            <td style="width: 6.4%; vertical-align: top;">&#160;</td>
            <td style="width: 64.91%; vertical-align: top;">
              <div style="line-height: 1.25;">Scott M. Quist, Chairman, President and</div>
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            <td style="width: 6.4%; vertical-align: top;">&#160;</td>
            <td style="width: 64.91%; vertical-align: top;">
              <div style="line-height: 1.25;">Chief Executive Officer</div>
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