BUSINESS MEN'S FILES TO RESTRUCTURE

BUSINESS MEN'S FILES TO RESTRUCTURE

Business Men's Assurance Co. Tuesday announced that it has made a preliminary filing with the Securities and Exchange Commission to facilitate a possible corporate restructuring whereby BMA Properties, a wholly owned subsidiary, would become the parent holding company of BMA's insurance and non-insurance operations.

W. Thomas Grant II, president and chief executive officer of BMA, stated that the corporate restructuring would provide for greater flexibility.