Nasdaq flags Atlantic American (NASDAQ: AAME) for late SEC filings
Rhea-AI Filing Summary
ATLANTIC AMERICAN CORP (AAME) disclosed that Nasdaq has notified the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not filed its Form 10-Q for the quarter ended June 30, 2026 and remains delinquent on its 2025 Form 10-K and March 31, 2026 Form 10-Q. The rule requires timely filing of all periodic reports with the SEC.
Nasdaq previously granted an extension until October 12, 2026 for Atlantic American to regain compliance. The company now has until September 4, 2026 to submit an updated plan addressing the June 30, 2026 Form 10-Q. If Nasdaq accepts the plan, any extension for that Form 10-Q will still be limited to October 12, 2026; if not accepted, Atlantic American may appeal to a Nasdaq Hearings Panel.
The notice has no immediate effect on the listing or trading of Atlantic American’s common stock on The Nasdaq Global Market. Management states that it is working diligently and making progress toward filing the delinquent reports and regaining compliance within the current extension period. Atlantic American operates as an insurance holding company with life, health, and property and casualty subsidiaries.
Positive
- Nasdaq has granted Atlantic American an extension until October 12, 2026 to regain compliance, giving additional time to complete the delinquent SEC filings.
- The Nasdaq notice currently has no immediate effect on the listing or trading of Atlantic American’s common stock on The Nasdaq Global Market.
Negative
- Atlantic American is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed filing of its 2025 Form 10-K and two Form 10-Qs.
- Nasdaq set a September 4, 2026 deadline for an updated compliance plan regarding the June 30, 2026 Form 10-Q, creating a near-term regulatory milestone and ongoing listing risk.
8-K Event Classification
2 items: 3.01, 9.01
2 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Compliance deadline: October 12, 2026
Updated plan due date: September 4, 2026
Nasdaq Listing Rule: Rule 5250(c)(1)
+1 more
4 metrics
Compliance deadline
October 12, 2026
Date by which Atlantic American must regain compliance with Nasdaq Listing Rule 5250(c)(1)
Updated plan due date
September 4, 2026
Deadline to submit an updated plan to Nasdaq regarding the June 30, 2026 Form 10-Q
Nasdaq Listing Rule
Rule 5250(c)(1)
Rule requiring timely filing of periodic financial reports with the SEC
Par value of common stock
$1.00 per share
Stated par value of Atlantic American’s common stock listed on The Nasdaq Global Market
Key Terms
Nasdaq Listing Rule 5250(c)(1), Delinquent Reports, compliance plan, Nasdaq Hearings Panel, +1 more
5 terms
Nasdaq Listing Rule 5250(c)(1) regulatory
"the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1)"
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.
Delinquent Reports regulatory
"collectively with the Form 10-Q, the “Delinquent Reports”"
compliance plan regulatory
"following the Company’s submission of a compliance plan, Nasdaq granted"
A compliance plan is a company's documented roadmap of rules, procedures and checks designed to ensure it follows laws, industry rules and internal policies. Think of it as an instruction manual and regular checklist that helps prevent costly mistakes, fines or business disruptions by flagging problems early and guiding corrective action. Investors watch these plans because a clear, enforced plan lowers legal and reputational risk and indicates stronger management and governance.
Nasdaq Hearings Panel regulatory
"the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
forward-looking statements regulatory
"this press release contains forward-looking statements, including statements regarding"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
Why did AAME receive a Nasdaq notice of noncompliance?
Atlantic American (AAME) received a Nasdaq notice because it has not filed its Form 10-Q for June 30, 2026 and remains delinquent on its 2025 Form 10-K and March 31, 2026 Form 10-Q, violating Nasdaq Listing Rule 5250(c)(1) on timely SEC filings.
What deadlines has Nasdaq set for AAME to address the delinquent reports?
Atlantic American has an extension until October 12, 2026 to regain compliance with Nasdaq Listing Rule 5250(c)(1) and must submit an updated plan to Nasdaq by September 4, 2026 specifically addressing the June 30, 2026 Form 10-Q.
Does the Nasdaq notice immediately affect AAME stock listing or trading?
No. The company states the Nasdaq notice has no immediate effect on the listing or trading of Atlantic American’s common stock on The Nasdaq Global Market, though it remains out of compliance until the delinquent reports are filed.
What happens if Nasdaq does not accept AAME’s updated compliance plan?
If Nasdaq does not accept Atlantic American’s updated plan regarding the June 30, 2026 Form 10-Q, the company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel, as described in the notice.
What business is Atlantic American Corporation (AAME) involved in?
Atlantic American is an insurance holding company operating in specialty markets of the life, health, and property and casualty insurance industries through subsidiaries including American Southern Insurance Company and Bankers Fidelity Life Insurance Company.
What is Nasdaq Listing Rule 5250(c)(1) mentioned in the AAME disclosure?
Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the SEC. Atlantic American is currently not in compliance with this rule due to its delayed Form 10-K and Form 10-Q filings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
