# EDGAR Filing Document

**Accession Number:** 0000318673
**File Stem:** 0001641172-25-019375
**Filing Date:** 2025-7
**Character Count:** 26414
**Document Hash:** 73c2d3f852ce4595782660342c20350a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-019375.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0001641172-25-019375

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**EFFECTIVENESS DATE**: 20250714

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SECURITY NATIONAL FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000318673
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 870345941
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288659
- **FILM NUMBER:** 251121434

**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

As filed with the Securities and Exchange Commission on July 14, 2025

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**SECURITY NATIONAL FINANCIAL CORPORATION**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Utah** | **87-0345941** |
| (State or other jurisdiction of<br> incorporation or organization) | (I.R.S. Employer<br> Identification No.) |

---

433 Ascension Way, 6<sup>th</sup> Floor

Salt Lake City, Utah 84123

Telephone: (801) 264-1060

(Address of Principal Executive Offices, including Zip Code)

**Security National Financial Corporation 2022 Equity Incentive Plan**

(Full title of the plan)

Copies to: Dane Johansen Parr Brown Gee & Loveless 101 South, 200 East, Suite 700 Salt Lake City, Utah 84111 (801) 532-7840

Indicate by check mark whether the Company is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

---

| | |
|:---|:---|
| Large accelerated filer ☐ | Accelerated filer ☐ |
| Non-accelerated filer ☐<br> (Do not check if a smaller reporting company) | Smaller reporting company ☒ |
|  | Emerging growth company ☐ |

---

If an emerging growth company, indicate by check mark if the registration has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

In addition, pursuant to Rule 416(c) of the Securities Act of 1933, this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan(s) described herein.

**EXPLANATORY NOTE**

This Registration Statement on Form S-8 is filed pursuant to General Instruction E to Form S-8 for the purpose of registering an additional 3,000,000 shares of Class A common stock, $2.00 par value per share, ("Class A Stock"), of Security National Financial Corporation. (the "Company") that may be offered and sold under the Security National Financial Corporation 2022 Equity Incentive Plan (the "2022 Equity Incentive Plan"). The Company's shareholders approved the addition of these shares to the 2022 Equity Incentive Plan at the Company's Annual Meeting of Shareholders held on June 27, 2025.

Pursuant to General Instruction E to Form S-8, this Registration Statement incorporates by reference the contents of the Registrant's previously filed Registration Statement on Form S-8, File No. 333-266394, filed with the Securities and Exchange Commission (the "Commission") on July 29, 2022 relating to the 2022 Equity Incentive Plan, to the extent not otherwise amended or superseded by the contents hereof. In accordance with the instructional note to Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3.** **Incorporation of Documents by Reference**.

The following documents filed by the Company with the Commission are hereby incorporated herein by reference (SEC File No. 000-09341):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The
 Company's Proxy Statement on Form [DEF 14A](https://www.sec.gov/Archives/edgar/data/318673/000164117225006604/formdef14a.htm) filed with the Commission on April 29, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The
 Company's Annual Report on [Form 10-K](https://www.sec.gov/Archives/edgar/data/318673/000164117225001508/form10-k.htm) for the year ended December 31, 2024 filed with
 the Commission on March 31, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The
 Company's Quarterly Report on [Form 10-Q](https://www.sec.gov/Archives/edgar/data/318673/000164117225010568/form10-q.htm) filed with the Commission on May 15, 2025,
 which contains the Company's quarterly report for the quarter ended March 31, 2025;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The
 Company's Current Reports on Form 8-K dated [June 30, 2025](https://www.sec.gov/Archives/edgar/data/318673/000164117225017108/form8-k.htm) and [July 01, 2025](https://www.sec.gov/Archives/edgar/data/318673/000164117225017297/form8-k.htm) .

All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act, other than information furnished pursuant to Item 2.02 or Item 7.01 of Form 8-K, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained herein or in any subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

You may request a copy of these filings at no cost (other than exhibits unless those exhibits are specifically incorporated by reference herein) by writing or telephoning us at the following address:

Security National Financial Corporation

433 Ascension Way, 6<sup>th</sup> Floor

Salt Lake City, UT 84123

Telephone: (801) 264-1060

**Item 4.** **Description of Securities**.

Not applicable.

**Item 5.** **Interests of Named Experts and Counsel**.

Not applicable.

**Item 6.** **Indemnification of Directors and Officers**

The Company's Amended Bylaws adopted and approved December 2, 2022, provide that the Company may, to the maximum extent and in the manner permitted by the Utah Revised Business Corporation Act (the "Revised Act"), indemnify an individual made a party to a proceeding because he is or was a director or an officer, against liability incurred in the proceeding if his conduct was in good faith, he reasonably believed that his conduct was in, or not opposed to, the Company's best interests, and in the case of any criminal proceeding, he had no reasonable cause to believe his conduct was unlawful. Termination of the proceeding by judgment, order, settlement, conviction, upon a plea of nolo contendere or its equivalent, is not, of itself, determinative that the director or the officer did not meet the standard of conduct described. The Company may not indemnify a director in connection with a proceeding by or in the right of the Company in which the director or the officer was adjudged liable to the Company, or in connection with any other proceeding charging that the director of the officer derived an improper personal benefit, whether or not involving action in his official capacity, in which proceeding he was adjudged liable on the basis that he derived an improper personal benefit.

The Amended Bylaws further provide that the Company shall indemnify a director or an officer who was successful, on the merits or otherwise, in the defense of any proceeding, or in the defense of any claim, issue, or matter in the proceeding, to which he was a party because he is or was a director or an officer of the Company, against reasonable expenses incurred by him in connection with the proceeding or claim with respect to which he has been successful.

The Company may not indemnify a director or an officer unless authorized by and a determination has been made in a specific case that indemnification of the director of the officer is permissible in the circumstances because the director or officer has met the appliable standard of conduct set forth in the Amended Bylaws.

Under Section 16-10a-903 of the Revised Act, unless limited by its articles of incorporation, the Company shall indemnify a director who was successful, on the merits or otherwise, in the defense of any proceeding, or in the defense of any claim, issue, or matter in the proceeding, to which he was a party because he is or was a director of the corporation, against reasonable expenses incurred by him in connection with the proceeding or claim with respect to which he has been successful. Under Section 16-10a-907 of the Revised Act, unless otherwise provided by its articles of incorporation, an officer of the corporation is entitled to mandatory indemnification under Section 16-10a-903, and is entitled to apply for court-ordered indemnification under Section 16-10a-905, in each case to the same extent as a director.

The foregoing summaries are necessarily subject to the complete text of the statute, the Company's Amended Bylaws, and the arrangements referred to above, and are qualified in their entirety by reference thereto.

**Item 7.** **Exemption From Registration Claimed**.

Not applicable.

**Item 8. Exhibits**.

---

| | |
|:---|:---|
| **Exhibit**<br> **Number**  | **Description** |
| 4.1 | [Amended and Restated Articles of Incorporation of the Company](https://www.sec.gov/Archives/edgar/data/318673/000109690617000214/exh3_1.pdf) |
| 4.2 | [Amended Bylaws of the Company](https://www.sec.gov/Archives/edgar/data/318673/000109690619000199/exh3_2.pdf) |
| 4.3 | [Security National Financial Corporation 2022 Equity Incentive Plan](https://www.sec.gov/Archives/edgar/data/318673/000149315224011903/ex10-6.htm) |
| 5.1 | [Opinion of Parr Brown Gee & Loveless as to the legality of the securities being registered \*](ex5-1.htm) |
| 23.1 | [Consent of Deloitte & Touche LLP \*](ex23-1.htm) |
| 23.2 | [Consent of Parr Brown Gee & Loveless (included in exhibit 5.1 above)](ex5-1.htm) |
| 24.1 | [Power of Attorney (included on signature page of this Registration Statement)](#aj_001) |
| 107.1 | [Calculation of Filing Fee Table\*](ex107.htm) |

---

\*Filed herewith

**Item 9. Undertakings**.

(a) The undersigned Company hereby undertakes:

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; *provided*, *however*, that paragraphs (a)(1)(i) and (a)(1)(ii) of this item do not apply if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Company pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.

(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Company hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Company's annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Salt Lake City, State of Utah, on July 14, 2025

---

| |
|:---|
| **SECURITY NATIONAL FINANCIAL CORPORATION** |
| */ s/ Scott M. Quist* |
| Scott M. Quist |
| Chairman of the Board, President, and Chief Executive Officer |

---

**POWER OF ATTORNEY**

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons on behalf of the Company in the capacities and on the date indicated. Each person whose signature to this registration statement appears below hereby constitutes and appoints Scott M. Quist as his true and lawful attorney-in-fact and agent, with full power of substitution, to sign on his behalf individually and in the capacity stated below and to perform any acts necessary to be done in order to file (i) any and all amendments and post-effective amendments to this registration statement, and any and all exhibits, instruments or documents filed as part of or in connection with this registration statement or the amendments thereto and (ii) a registration statement and any and all amendments thereto, relating to the offering covered hereby filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended, with the Securities and Exchange Commission, and each of the undersigned does hereby ratify and confirm all that said attorneys-in-fact and agents, or their substitutes, shall do or cause to be done by virtue hereof.

---

| | | |
|:---|:---|:---|
| Signature | Title | Date |
| */s/ Scott M. Quist* |  |  |
| Scott M. Quist | Chairman of the Board, President, and Chief Executive Officer | July 14, 2025 |
| */s/ John L. Cook* |  |  |
| John L. Cook | Director | July 14, 2025 |
| */s/ Robert G. Hunter* |  |  |
| Robert G. Hunter | Director | July 14, 2025 |
| */s/ Gilbert A. Fuller* |  |  |
| Gilbert A. Fuller | Director | July 14, 2025 |
| */s/ Shital A. Mehta* |  |  |
| Shital A. Mehta | Director | July 14, 2025 |
| */s/ Jason G. Overbaugh* |  |  |
| Jason G. Overbaugh | Director | July 14, 2025 |
| */s/ S. Andrew Quist* |  |  |
| S. Andrew Quist | Director | July 14, 2025 |
| */s/ Adam G. Quist* |  |  |
| Adam G. Quist | Director | July 14, 2025 |
| */s/ H. Craig Moody* |  |  |
| H. Craig Moody | Director | July 14, 2025 |

---

**SECURITY NATIONAL FINANCIAL CORPORATION**

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit**<br> **Number**  | **Description** |
| 4.1 | [Articles of Amendment and Restatement of the Articles of Incorporation of the Company](https://www.sec.gov/Archives/edgar/data/318673/000109690617000214/exh3_1.pdf) |
| 4.2 | [Amended Bylaws of the Company](https://www.sec.gov/Archives/edgar/data/318673/000109690619000199/exh3_2.pdf) |
| 4.3 | [Security National Financial Corporation 2022 Equity Incentive Plan](https://www.sec.gov/Archives/edgar/data/318673/000149315224011903/ex10-6.htm) |
| 5.1 | [Opinion of Parr Brown Gee & Loveless as to the legality of the securities being registered\*](ex5-1.htm) |
| 23.1 | [Consent of Deloitte & Touche LLP\*](ex23-1.htm) |
| 23.2 | [Consent of Parr Brown Gee & Loveless (included in Exhibit 5.1 above)](ex5-1.htm) |
| 24.1 | [Power of Attorney (included on signature page of this Registration Statement)](#aj_001) |
| 107.1 | [Calculation of Filing Fee Table\*](ex107.htm) |

---

\*Filed herewith

## Exhibit 5.1

**Exhibit 5.1**

July 14, 2025

Security National Financial Corporation

433 Ascension Way, 6<sup>th</sup> Floor

Salt Lake City, UT 84123

***Re: Registration Statement on Form S-8 filed by Security National Financial Corporation on July 14, 2025, with respect to additional shares issuable under the Security National Financial Corporation 2022 Equity Incentive Plan (the <u>"2022 Equity Incentive Plan</u>")***

Ladies and Gentlemen:

We have acted as counsel to Security National Financial Corporation, a Utah Corporation (the "<u>Company</u>"), in connection with the Company's registration under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), of the offer and sale of an aggregate of up to an additional 3,000,000 shares of the Company's Class A common stock, par value $2.00 (the "<u>Additional Shares</u>") under the Company's 2022 Equity Incentive Plan (the "<u>Plan</u>"), pursuant to an amendment to the Plan as adopted by the Company's Board of Directors on December 6, 2024, and the Company's shareholders on June 27, 2025.

We have examined originals or copies, certified or otherwise identified to our satisfaction, of the Registration Statement and the exhibits thereto, including, but not limited to the Plan, the Articles of Amendment and Restatement to the Articles of Incorporation of the Company and the Amended Bylaws of the Company currently in effect, and such documents, corporate records and other instruments as we have deemed necessary or appropriate for the purpose of this opinion.

As to questions of fact material to this opinion, we have relied on certificates or comparable documents of public officials and of officers and representatives of the Company. In rendering the opinion expressed below, we have assumed without verification the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as copies and the authenticity of the originals of such copies.

Based on the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that, when issued to Plan participants in accordance with the provisions of the Plan, as applicable, and paid for in accordance with the terms thereof, respectively, and pursuant to the Registration Statement, the Additional Shares will be validly issued, fully paid and nonassessable.

In rendering our opinion, we have relied on the applicable laws of the State of Utah, as those laws presently exist and as they have been applied and interpreted by courts having jurisdiction within the State of Utah and the existing laws of the United States of America. We express no opinion as to the laws of any other jurisdiction.

This opinion letter speaks as of its date. We disclaim any express or implied undertaking or obligation to advise of any subsequent change of law or fact (even though the change may affect the legal analysis or a legal conclusion in this opinion letter). This opinion letter is limited to the matters set forth herein, and no opinion may be inferred or implied beyond the matters expressly stated herein.

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement, and consent to the reference of our firm under "Legal Matters" in the Prospectus included in the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Securities and Exchange Commission thereunder.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Securities Act.

---

| |
|:---|
| Very truly yours, |
| /s/ Parr Brown Gee & Loveless |
| PARR BROWN GEE & LOVELESS |

---

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 31, 2025, relating to the financial statements of Security National Financial Corporation, appearing in the Annual Report on Form 10-K of Security National Financial Corporation for the year ended December 31, 2024.

/s/ Deloitte & Touche LLP

Salt Lake City, Utah

July 14, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'?

**Exhibit 107.1**

**Calculation of Filing Fee Table**

**Form S-8**

**Registration Statement Under**

**The Securities Act of 1933**

(Form Type)

**Security National Financial Corporation**

(Exact Name of Registrant as Specified in its Charter)

Table 1 – Newly Registered Securities

**CALCULATION OF REGISTRATION FEE**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Title of Securities to be Registered** | **Amount to be Registered<sup>(1)</sup>** | **Proposed Maximum Offering Price per Share** | **Proposed Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| **Class A Common Stock, $2.00 par value per share** |  |  |  |  |  |
| Amendment to the Security National Financial Corporation 2022 Equity Incentive Plan | 3000000<sup>(2)(4)</sup> | $10.20<sup>(3)</sup> | $30600000.00 | 0.000153100 | $4685 |
| **Total Offering Amounts**  | 3000000 |  | 30600000.00 |  | $4685 |
| **Total Fee Offsets** |  |  |  |  |  |
| **Net Fee Due** |  |  |  |  | 4685 |

---

(1) Pursuant
 to Rule 416(a) promulgated under the Securities Act of 1922, as amended (the "  ***Securities Act*** "), this Registration Statement shall also cover any additional shares of
 the Class A common stock, par value $2.00 per share, of Security National Financial Corporation
 (the "Company") which become issuable under the 2022 Equity Incentive Plan, as
 applicable, by reason of any stock dividend, stock split, recapitalization or other similar
 transaction effected without the receipt of consideration which results in an increase in
 the number of outstanding shares of common stock of the Company.

(2) To
 the extent that (i) an award under the amendment to the 2022 Equity Incentive Plan, as applicable,
 expires, lapses or is terminated, converted into an award in respect of shares of another
 entity in connection with a spin-off or other similar event, exchanged for cash, surrendered,
 repurchased or canceled, in any case, in a manner that results in the Company acquiring the
 underlying shares at a price not greater than the price paid by the participant or not issuing
 the underlying shares, such shares will be available for future grants under the 2022 Equity
 Incentive Plan, as applicable .

(3) Pursuant
 to Rule 457(c) of the Securities Act, and solely for the purposes of calculating the registration
 fee, the proposed maximum price is based on the average of the high and low prices of the
 common stock of the Company as reported on the NASDAQ Capital Market on July 9, 2025 ($10.20
 per share).

(4) Represents
 3,000,000 shares of Class A common stock of the Company reserved for issuance under the amendment
 to the 2022 Equity Incentive Plan.