UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 29, 2016
Midwest Holding
Inc.
(Exact name of
registrant as specified in its charter)
| NEBRASKA | 000-10685 | 20-0362426 | ||
| (State or other jurisdiction | (Commission File Number) | (IRS Employer Identification No.) | ||
| of incorporation) |
2900 South 70th Street,
Suite 400
Lincoln, Nebraska 68506
(Address of principal executive offices) (Zip
Code)
(402)
489-8266
(Registrant’s
telephone number, including area code)
|
Not Applicable |
|
(Former name or former address, if changed since last report) |
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 (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b)) | |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)) |
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On March 29, 2016, the Board of Directors of Midwest Holding Inc. (the “Company”) approved increases in the non-employee board of director retainers and meeting fees effective for 2016. The increases were approved as follows:
Annual board retainer - $5,000 per year
Board meeting fees – personal attendance - $1,000 per meeting
Board meeting fees – telephonic appearance - $350 per meeting
Committee meeting fees - $500 per meeting
SIGNATURE
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.
| MIDWEST HOLDING INC. | |||
| By: | /s/ Mark A. Oliver | ||
| Name: | Mark A. Oliver | ||
| Date: April 21, 2016 | Title: | Chief Executive Officer | |