Life Insurance Company of Alabama - Notice of 2020 Annual Meeting

We just posted this morning on some shareholder activism developments at LICOA.

We also just got a copy of their notice of annual meeting and summary annual financials, which are embedded below. The annual meeting is scheduled for November 9, 2020 at the Gadsden Country Club in Alabama.

Something shocking from the 2019 annual report: "the aggregate amount paid to all officers and directors, including director's fees, totaled $2,880,607." The figure for 2018 was only $2,492,713.

In 2018, they had a loss from operations of -$843,375. In 2019, the loss from operations was -$94,740. If the officers and directors had not received a pay increase of $387,894, the company could have had a gain from operations of $293,154 instead of the loss.

2020_10_19_12_54_09 by Nate Tobik on Scribd

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