Atlantic American (Nasdaq:AAME) received a Nasdaq notice on May 21, 2026, citing non‑compliance with Listing Rule 5250(c)(1) due to delayed Form 10-Q for Q1 2026 and delinquent Form 10-K for 2025.
The notice has no immediate effect on AAME’s Nasdaq listing. The company has until June 16, 2026 to submit a compliance plan, and Nasdaq may grant up to October 12, 2026 to regain compliance.
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Positive
Nasdaq notice has no immediate effect on AAME stock listing or trading
Deadline of June 16, 2026 to submit a compliance plan
Potential extension to October 12, 2026 to regain compliance if plan accepted
Company reports it is working diligently to file Form 10-Q and Form 10-K
Negative
Non‑compliance with Nasdaq Listing Rule 5250(c)(1) for timely SEC filings
Quarterly Form 10-Q for Q1 2026 remains unfiled
Annual Form 10-K for 2025 remains delinquent
Ongoing listing depends on Nasdaq’s review and acceptance of compliance plan
News Market Reaction – AAME
-3.14%
-3.14%Session close to close
In the May 26 session, AAME declined 3.14%, reflecting a moderate negative market reaction.
This announcement highlights that Atlantic American has expanded its reporting delays from the Form ...
Analysis
This announcement highlights that Atlantic American has expanded its reporting delays from the Form 10-K to the Form 10-Q, triggering another Nasdaq Listing Rule 5250(c)(1) notice. While the listing remains unaffected for now, the company faces clear deadlines to submit and execute a compliance plan. Investors may monitor progress on completing the delayed filings and any further Nasdaq correspondence as indicators of how quickly reporting normalizes.
Key Figures
Net income (quarter):$3.3 millionNet income (six months):$4.1 millionConsolidated premiums (quarter):$50.1 million+5 more
8 metrics
Net income (quarter)$3.3 millionThree months ended June 30, 2025
Net income (six months)$4.1 millionSix months ended June 30, 2025
Consolidated premiums (quarter)$50.1 millionQuarter ended June 30, 2025
Consolidated premiums (six months)$97.1 millionSix months ended June 30, 2025
Combined ratio – American Southern101%Quarter ended June 30, 2025
Combined ratio – Bankers Fidelity93.9%Quarter ended June 30, 2025
Cash and cash equivalents$46.4 millionAs reported in June 30, 2025 10-Q
Unrealized losses on fixed maturities$21.0 millionAs reported in June 30, 2025 10-Q
Nasdaq notice for delayed Form 10-K and related listing rule non-compliance.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
The prior Nasdaq non-compliance notice in April 2026 saw a positive next-day move despite negative regulatory news, indicating at least one instance of divergence between headline tone and price reaction.
Recent Company History
Over the last several months, Atlantic American has repeatedly communicated challenges meeting reporting timelines, tied to accounting changes for long-duration insurance contracts. A prior Nasdaq notice on Apr 21, 2026 for a delayed Form 10-K did not immediately impact listing or trading and the stock rose about 1% over the next day. Today’s notice extends those compliance concerns to the Form 10-Q, reinforcing ongoing reporting and regulatory overhangs.
Key Terms
form 10-q, form 10-k, nasdaq listing rule 5250(c)(1), securities and exchange commission, +2 more
6 terms
form 10-qregulatory
"had not yet filed its Quarterly Report on Form 10-Q for the quarterly period"
A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.
form 10-kregulatory
"remains delinquent in filing its Annual Report on Form 10-K for the year ended"
A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.
nasdaq listing rule 5250(c)(1)regulatory
"not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely"
Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.
securities and exchange commissionregulatory
"requires timely filing of periodic financial reports with the Securities and Exchange Commission."
A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.
nasdaq global marketregulatory
"trading of the Company’s common stock on The Nasdaq Global Market."
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
"Note regarding Private Securities Litigation Reform Act: Except for historical"
A federal law that changed how lawsuits by private investors against public companies over alleged securities fraud are started and handled. It requires plaintiffs to show specific facts about alleged wrongdoing up front, limits certain types of legal damages and stops lawyers from shopping for plaintiffs, so companies face fewer frivolous suits and investors know stronger cases move forward. Think of it as tightened screening at the courthouse to reduce baseless claims and clarify legal risk for investors.
ATLANTA, May 22, 2026 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq: AAME) announced today that on May 21, 2026, the Company received a notice from The Nasdaq Stock Market LLC stating that because the Company had not yet filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 (the “Form 10-Q”), and because the Company remains delinquent in filing its Annual Report on Form 10-K for the year ended December 31, 2025 (the “Form 10-K”), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. The Nasdaq notice has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Global Market. The Company has until June 16, 2026 to submit to Nasdaq a plan to regain compliance. If Nasdaq accepts the Company’s plan, then Nasdaq may grant the Company up to 180 calendar days from the Form 10-K’s original due date, or October 12, 2026, to regain compliance. The Company continues to work diligently to file the Form 10-Q and the Form 10-K as promptly as practicable. If the Company is unable to make such filings by June 16, 2026, the Company intends to submit to Nasdaq a plan to regain compliance.
Atlantic American Corporation is an insurance holding company involved through its subsidiary companies in specialty markets of the life, health, and property and casualty insurance industries. Its principal insurance subsidiaries are American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company.
Note regarding Private Securities Litigation Reform Act: Except for historical information contained herein, this press release contains forward-looking statements, including statements regarding the Company’s expectations as to the timing of the filing of the Form 10-Q and the Form 10-K and the Company’s ability to submit a compliance plan to Nasdaq. These forward-looking statements involve a number of risks and uncertainties and actual results could differ materially from those indicated by such forward-looking statements due to a number of factors, including the results of the Company’s financial reporting procedures and those factors discussed in reports that Atlantic American Corporation files from time to time with the Securities and Exchange Commission. In addition, forward-looking statements reflect the Company’s expectations as of the date hereof. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, except as may be required by law. Accordingly, undue reliance should not be placed upon these forward-looking statements.
For further information contact:
J. Ross Franklin
Hilton H. Howell, Jr.
Chief Financial Officer
Chairman, President & CEO
Atlantic American Corporation
Atlantic American Corporation
404-266-5580
404-266-5505
FAQ
Why did Atlantic American (AAME) receive a Nasdaq notice on May 21, 2026?
Atlantic American received the notice because its Form 10-Q for Q1 2026 is unfiled and its 2025 Form 10-K remains delinquent. According to Atlantic American, this causes non-compliance with Nasdaq Listing Rule 5250(c)(1) on timely SEC filings.
Does the Nasdaq non-compliance notice affect Atlantic American (AAME) stock trading?
The notice has no immediate effect on listing or trading of Atlantic American common stock. According to Atlantic American, its shares continue trading on the Nasdaq Global Market while it works to complete the delayed SEC reports.
What deadline does Atlantic American (AAME) have to regain Nasdaq compliance?
Atlantic American must submit a plan to regain compliance by June 16, 2026. According to Atlantic American, if Nasdaq accepts the plan, it may receive up to October 12, 2026 to become current on required SEC filings.
What SEC filings is Atlantic American (AAME) missing as of May 22, 2026?
Atlantic American has not filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. According to Atlantic American, it also remains delinquent on its Annual Report on Form 10-K for the year ended December 31, 2025.
How is Atlantic American (AAME) responding to the Nasdaq listing rule notice?
Atlantic American states it is working diligently to file both the Form 10-Q and Form 10-K. If filings are not made by June 16, 2026, the company intends to submit a plan to Nasdaq to regain compliance.
What is Nasdaq Listing Rule 5250(c)(1) and how does it affect AAME?
Nasdaq Listing Rule 5250(c)(1) requires timely filing of periodic reports with the SEC. According to Atlantic American, its late Form 10-Q and Form 10-K place the company out of compliance, prompting Nasdaq’s May 21, 2026 notice.
