National Western Life Group, Inc. announced on October 8, 2023, the company entered into an Agreement and Plan of Merger (the Merger Agreement) with S. USA Life Insurance Company, Inc. (SUSA) and PGH Merger Inc. (Merger Sub), providing for the merger of Merger Sub with and into the company, with the company surviving as a wholly owned subsidiary of SUSA (the Merger). The execution of the Merger Agreement was previously disclosed by National Western on October 10, 2023. Effective as of the Effective Time, each member of the board of directors of the company immediately prior to the Effective Time ceased to be a director of the company and a member of any committee of the company?s board of directors pursuant to the terms of the Merger Agreement.

The members of the board of directors of the company immediately prior to the Effective Time were Ross R. Moody, Dr. Thomas A. Blackwell, David S. Boone, Stephen E. Glasgow, E. Douglas McLeod, Charles D. Sonny Milos, Frances A. Moody-Dahlberg, E. Jere Pederson and Todd M. Wallace. The board of directors of the surviving corporation effective as of, and immediately following, the Effective Time, consisted of the members of the board of directors of Merger Sub immediately prior to the Effective Time, being Nicholas von Moltke (the New Director). Effective as of the business day following the Effective Time, the employment of each of Ross R. Moody and Rey Perez will terminate, and each such former officer will become entitled to receive the payments and benefits in accordance with their Change in Control Agreements with the Company The officers appointed to the company immediately following the Effective Time were Nicholas von Moltke, Chief Executive Officer and President, Ann-Kelley Winn, Secretary, Zachary Jones, Chief Financial Officer, and Drew Westall, Treasurer.