Consummate the purchase of Class B common stock
Delivered after the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 9 Feb 2021
- Due
- 31 Mar 2021
- Delivered
- April 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The purchase of the Class B common stock by Citizens is expected to be consummated in March 2021.”
What we found
Evidence strength A What the grades mean
While the payment was made in March 2021, the company confirmed that all regulatory approvals required to consummate the transaction were not obtained until April 2021.
-
A Citizens, Inc. 10-Q filed 2021-05-05
“the purchase price was paid to the Foundation on March 5, 2021 and is reported within other assets rather than treasury stock on the consolidated balance sheets as all regulatory approvals had not been received as of March 31, 2021.” ✓ confirmed on the page
-
A Citizens, Inc. 10-K filed 2022-03-11
“In April 2021, the Company and the Foundation obtained all regulatory approval required to consummate the B Share Transaction.” ✓ confirmed on the page
Checked 25 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Consummate
- Deliverable
- Class B common stock purchase
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: dismissal of all claims by all parties in the Colorado litigation; execution of mutual releases
- Depends on
- Court, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-CIA-023302 · Corrections policy