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      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>

      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>

      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>

      <div style="padding-bottom: 6pt;"> <br />
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      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM <ix:nonNumeric name="dei:DocumentType" id="Fact_9b5d148c487e4063a88975f943a5a680" contextRef="c20220214to20220214">8-K</ix:nonNumeric></div>

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      <div style="text-align: center; font-size: 10pt; font-weight: bold;">CURRENT REPORT</div>

      <div style="text-align: center; font-size: 10pt;">PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>

      <div style="font-size: 10pt;"> <br />
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      <div style="text-align: center; font-size: 10pt; font-weight: bold;">Date of Report (Date of earliest event reported): <ix:nonNumeric name="dei:DocumentPeriodEndDate" id="Fact_d792e3602f6645949f3714dc5d4b3876" contextRef="c20220214to20220214" format="ixt:datemonthdayyearen">February 14, 2022</ix:nonNumeric></div>

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              <div style="text-align: center; ">(State or other jurisdiction <br />
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              <div style="text-align: left; ">&#160;</div>
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              <div style="text-align: center; ">(Commission <br />
                File Number)</div>
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              <div style="text-align: left; ">&#160;</div>
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    <td style="width: 30%; vertical-align: top; font-size: 10pt;">
              <div style="text-align: center; ">(IRS Employer <br />
                Identification No.)</div>
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      <div style="text-align: center; font-size: 10pt; font-weight: bold;"><ix:nonNumeric name="dei:EntityAddressAddressLine1" id="Fact_06393f995edf4aa49ae0a4c434ab4cc3" contextRef="c20220214to20220214">205 North Depot Street</ix:nonNumeric></div>

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      <div style="text-align: center; font-size: 10pt; font-weight: bold;">(<ix:nonNumeric name="dei:CityAreaCode" id="Fact_f8e4404d6ff44245b9e9ced3045e93da" contextRef="c20220214to20220214">217</ix:nonNumeric>) <ix:nonNumeric name="dei:LocalPhoneNumber" id="Fact_2b6885db760e49549145d91868c48ac5" contextRef="c20220214to20220214">323-6300</ix:nonNumeric></div>

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      <div style="font-size: 10pt;"> <br />
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      <div style="text-align: center; font-size: 10pt; font-weight: bold;">Not Applicable</div>

      <div style="text-align: center; font-size: 10pt;">(Former Name or Former Address, if Changed Since Last Report)</div>

      <div style="font-size: 10pt;"> <br />
      </div>

      <div style="text-align: left; margin-top: 6pt; margin-bottom: 6pt; font-size: 10pt;"> 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): </div>

      <div style="text-align: left; margin-bottom: 7.1pt; font-size: 10pt;"><ix:nonNumeric name="dei:WrittenCommunications" id="Fact_5e10341392b749acb98d5f1925d63916" contextRef="c20220214to20220214" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric> Written communications pursuant to Rule 425 under the Securities
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      <div style="text-align: left; margin-bottom: 6.95pt; font-size: 10pt;"><ix:nonNumeric name="dei:SolicitingMaterial" id="Fact_6af41095e2044c19977b9e02a9bf2d2c" contextRef="c20220214to20220214" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric> Soliciting material pursuant to Rule 14a-12 under the Exchange Act
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      <div style="text-align: left; margin-bottom: 6.95pt; font-size: 10pt;"><ix:nonNumeric name="dei:PreCommencementTenderOffer" id="Fact_d2c734a102dc4fa9b6680e6437b70130" contextRef="c20220214to20220214" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric> Pre-commencement communications pursuant to Rule 14d-2(b) under
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      <div style="text-align: left; margin-bottom: 2.05pt; font-size: 10pt;"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" id="Fact_784e13b0aba64c30ba3d30d0bed2ebbb" contextRef="c20220214to20220214" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric> Pre-commencement communications pursuant to Rule 13e-4(c) under
        the Exchange Act (17 CFR 240.13e-4(c))</div>

      <div style="margin-bottom: 2.05pt; font-size: 10pt;"> <br />
      </div>

      <div style="text-align: left; font-size: 10pt;">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>

      <div><br />
      </div>

      <div style="text-align: left; font-size: 10pt;">Emerging growth company <ix:nonNumeric name="dei:EntityEmergingGrowthCompany" id="Fact_166b4acca076447d9bc49dbb14e49766" contextRef="c20220214to20220214" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric></div>

      <div><br />
      </div>

      <div style="text-align: left; font-size: 10pt;">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. &#9744;</div>

      <div><br /></div>

      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"> <br />
      </div>

      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Section 5 &#8211; Corporate Governance and Management</div>

      <div><br />
      </div>

      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Item 5.02.&#160; Compensatory Arrangements of Certain Officers.</div>

      <div><br />
      </div>

      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">At a meeting of the Compensation Committee of the Board of Directors on February 14, 2022, bonuses were approved for Mr. Jesse T. Correll, CEO and
        Chairman of the Board of Directors, Mr. Douglas P. Ditto, Vice President, Mr. James P. Rousey, President and Mr. Theodore C. Miller, CFO.</div>

      <div><br />
      </div>

      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">


  <tr>

    <td style="width: 26.28%; vertical-align: top; border-bottom: #000000 2px solid;" rowspan="2">&#160;</td>

    <td style="width: 26.28%; vertical-align: top; border-bottom: #000000 2px solid;" rowspan="2">
              <div>&#160;</div>
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Cash Bonus</div>
            </td>

    <td style="width: 47.43%; vertical-align: top;" colspan="2">&#160;</td>

  </tr>

  <tr>

    <td style="width: 26.28%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Stock Bonus*</div>
            </td>

    <td style="width: 21.15%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Total Bonus</div>
            </td>

  </tr>

  <tr>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Jesse T. Correll</div>
            </td>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; &#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160; $ &#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2</div>
            </td>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$ 199,998</div>
            </td>

    <td style="width: 21.15%; vertical-align: top;">
              <div style="text-align: right; margin-right: 14.4pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$200,000</div>
            </td>

  </tr>

  <tr>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Douglas P. Ditto</div>
            </td>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$&#160; &#160; &#160; &#160; &#160; 15</div>
            </td>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$ 174,985</div>
            </td>

    <td style="width: 21.15%; vertical-align: top;">
              <div style="text-align: right; margin-right: 14.4pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$175,000</div>
            </td>

  </tr>

  <tr>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">James P. Rousey</div>
            </td>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$ 125,000</div>
            </td>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$&#160;&#160; 50,000</div>
            </td>

    <td style="width: 21.15%; vertical-align: top;">
              <div style="text-align: right; margin-right: 14.4pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$175,000</div>
            </td>

  </tr>

  <tr>

    <td style="width: 26.28%; vertical-align: top;">
              <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Theodore C. Miller</div>
            </td>

    <td style="width: 26.28%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$&#160;&#160; 57,900</div>
            </td>

    <td style="width: 26.28%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$&#160;&#160; 27,100</div>
            </td>

    <td style="width: 21.15%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: right; margin-right: 14.4pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$&#160; 85,000</div>
            </td>

  </tr>

  <tr>

    <td style="width: 26.28%; vertical-align: middle;">
              <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Total</div>
            </td>

    <td style="width: 26.28%; vertical-align: top; border-bottom: 4px double black;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$ 182,917</div>
            </td>

    <td style="width: 26.28%; vertical-align: top; border-bottom: 4px double black;">
              <div style="text-align: right; margin-right: 21.6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$ 452,083</div>
            </td>

    <td style="width: 21.15%; vertical-align: top; border-bottom: 4px double black;">
              <div style="text-align: right; margin-right: 14.4pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">$635,000</div>
            </td>

  </tr>


</table>
      <div><br />
      </div>

      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">* UTG stock is valued at $27.10 per share, the current market value reported on the date of bonus approval.</div>

      <div><br />
      </div>

      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">The bonuses are based on the Company&#8217;s 2021 operating results and are not the result of any written agreement or specific formula.</div>

      <div><br />
      </div>

      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">Messrs. Correll and Rousey are members of the Board of Directors but are not members of the Compensation Committee.&#160; The Company continues to have
        neither written employment agreements nor oral arrangements with any of its corporate officers.</div>

      <div><br />
      </div>

      <div><br /></div>

      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">SIGNATURES</div>

      <div style="text-align: left; text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">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><br />
      </div>

      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">UTG, INC.</div>

      <div><br />
      </div>

      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">


  <tr>

    <td style="width: 7.86%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Date:</div>
            </td>

    <td style="width: 32.24%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">February 15, 2022</div>
            </td>

    <td style="width: 5.32%; vertical-align: top;">&#160;</td>

    <td style="width: 5.77%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">By:</div>
            </td>

    <td style="width: 48.8%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">/s/ Theodore C. Miller</div>
            </td>

  </tr>

  <tr>

    <td style="width: 7.86%; vertical-align: top;">&#160;</td>

    <td style="width: 32.24%; vertical-align: top;">&#160;</td>

    <td style="width: 5.32%; vertical-align: top;">&#160;</td>

    <td style="width: 5.77%; vertical-align: top;">&#160;</td>

    <td style="width: 48.8%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Theodore C. Miller</div>
            </td>

  </tr>

  <tr>

    <td style="width: 7.86%; vertical-align: top;">&#160;</td>

    <td style="width: 32.24%; vertical-align: top;">&#160;</td>

    <td style="width: 5.32%; vertical-align: top;">&#160;</td>

    <td style="width: 5.77%; vertical-align: top;">&#160;</td>

    <td style="width: 48.8%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Senior Vice President and Chief Financial Officer</div>
            </td>

  </tr>


</table>
    </div>

  </div>

  <div> <br />
  </div>

  <div> <br />
  </div>

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{"company-data": {"conformed-name": "UTG INC", "cik": "0000832480", "assigned-sic": "6311", "irs-number": "202907892", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16867", "film-number": "22638977"}, "business-address": {"street1": "205 NORTH DEPOT STREET", "city": "STANFORD", "state": "KY", "zip": "40484", "phone": "2173236300"}, "mail-address": {"street1": "205 NORTH DEPOT STREET", "city": "STANFORD", "state": "KY", "zip": "40484"}, "former-company": [{"former-conformed-name": "UNITED TRUST GROUP INC", "date-changed": "20001206"}, {"former-conformed-name": "UNITED TRUST INC /IL/", "date-changed": "19920703"}]}
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):
February 14, 2022
UTG, INC
(Exact name of registrant as specified in its charter)
Delaware
0-16867
20-2907892
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
205 North Depot Street
Stanford
,
Kentucky
40484
(Address of principal executive offices, including zip code)
(
217
)
323-6300
(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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act
        of 1934 (§240.12b-2 of this chapter):
Emerging growth company
☐
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. ☐
Section 5 – Corporate Governance and Management
Item 5.02.  Compensatory Arrangements of Certain Officers.
At a meeting of the Compensation Committee of the Board of Directors on February 14, 2022, bonuses were approved for Mr. Jesse T. Correll, CEO and
        Chairman of the Board of Directors, Mr. Douglas P. Ditto, Vice President, Mr. James P. Rousey, President and Mr. Theodore C. Miller, CFO.
Cash Bonus
Stock Bonus*
Total Bonus
Jesse T. Correll
$            2
$ 199,998
$200,000
Douglas P. Ditto
$          15
$ 174,985
$175,000
James P. Rousey
$ 125,000
$   50,000
$175,000
Theodore C. Miller
$   57,900
$   27,100
$  85,000
Total
$ 182,917
$ 452,083
$635,000
* UTG stock is valued at $27.10 per share, the current market value reported on the date of bonus approval.
The bonuses are based on the Company's 2021 operating results and are not the result of any written agreement or specific formula.
Messrs. Correll and Rousey are members of the Board of Directors but are not members of the Compensation Committee.  The Company continues to have
        neither written employment agreements nor oral arrangements with any of its corporate officers.
SIGNATURES
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.
UTG, INC.
Date:
February 15, 2022
By:
/s/ Theodore C. Miller
Theodore C. Miller
Senior Vice President and Chief Financial Officer