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Atlantic American (NASDAQ: AAME) gets credit reporting deadline extended

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Atlantic American Corporation reported that it entered into a Second Amendment to its Revolving Credit Agreement with Truist Bank. The amendment extends the date by which the company must deliver its audited consolidated financial statements for the year ended December 31, 2025, and its interim consolidated financial statements for the quarter ended March 31, 2026. It also extends the deadline to provide related certificates of compliance with financial covenants and other matters to no later than July 31, 2026.

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Insights

Loan amendment gives more time to deliver required financials.

Atlantic American Corporation and Truist Bank agreed to a Second Amendment to the Revolving Credit Agreement. The key change is a later deadline for the company to provide its audited 2025 financial statements, Q1 2026 interim statements, and related covenant-compliance certificates.

This kind of change focuses on reporting timing rather than core loan economics such as interest rates or principal. It signals lender willingness to accommodate the company’s reporting schedule while keeping the existing credit facility in place under adjusted documentation deadlines.

The amended deadline of July 31, 2026 now governs delivery of these financial packages. Future company disclosures may provide additional context on the progress of the 2025 audit and interim reporting that underpin these covenant requirements.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New reporting deadline July 31, 2026 Deadline to deliver 2025 audited and Q1 2026 interim financials and certificates
Audited period Year ended December 31, 2025 Audited consolidated financial statements covered by the extension
Interim period Quarter ended March 31, 2026 Interim consolidated financial statements covered by the extension
Revolving Credit Agreement financial
"entered into a Second Amendment to its Revolving Credit Agreement dated as of May 12, 2021"
A revolving credit agreement is a flexible loan arrangement where a borrower can borrow, repay, and borrow again up to a set limit, similar to a credit card. It matters because it gives businesses or individuals quick access to funds whenever needed, helping manage cash flow and cover expenses without applying for a new loan each time.
audited consolidated financial statements financial
"the Company’s audited consolidated financial statements for the year ended December 31, 2025"
A set of financial reports that combine a parent company and all its subsidiaries into one overall picture, examined and verified by an independent auditor. Think of it as a household budget that merges every family member’s accounts and is then checked by a neutral accountant; it gives investors a single, trustworthy view of the group’s assets, debts, income and cash flow. That independent check matters because it reduces the chance of hidden problems and helps investors compare companies on a level playing field.
financial covenants financial
"certificates of the Company’s compliance with financial covenants under the Credit Agreement"
Financial covenants are rules written into loan or bond agreements that require a company to keep certain financial measures within agreed limits—examples include minimum cash, maximum debt levels, or minimum profit margins. They act like guardrails for lenders: breaking a covenant can force renegotiation, trigger penalties or default, and quickly affect a company’s available cash and stock value, so investors watch them as early warning signs of financial stress.
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Understanding 8-K Material Events →
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported)
June 2, 2026 (May 27, 2026)

ATLANTIC AMERICAN CORPORATION
(Exact name of registrant as specified in its charter)

Georgia
0-3722
58-1027114
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

4370 Peachtree Road, N.E., Atlanta, Georgia
  
30319
    (Address of principal executive offices)
  
(Zip Code)

Registrant’s telephone number, including area code
(404) 266-5500

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
  
Trading
Symbol(s)
  
Name of each exchange on which registered
Common Stock, par value $1.00 per share
  
AAME
  
The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On May 27, 2026, Atlantic American Corporation (the “Company”) entered into a Second Amendment (the “Amendment”) to its Revolving Credit Agreement dated as of May 12, 2021 (as amended, the “Credit Agreement”) with Truist Bank as the lender (the “Lender”). The Amendment extends the date by which the Company must deliver to the Lender (i) the Company’s audited consolidated financial statements for the year ended December 31, 2025, (ii) the Company’s interim consolidated financial statements for the quarter ended March 31, 2026, and (iii) related certificates of the Company’s compliance with financial covenants under the Credit Agreement and certain other matters to no later than July 31, 2026.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1.

Item 9.01.
Financial Statements and Exhibits.

(d)
Exhibits.

Exhibit
Number
  
Description of Exhibit
10.1
 		  Second Amendment to Revolving Credit Agreement, dated as of May 27, 2026, by and between Atlantic American Corporation and Truist Bank.
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 
ATLANTIC AMERICAN CORPORATION
     
 
By:
/s/ Nickeesha Bates
   
Nickeesha Bates
    Vice President, Corporate Controller, Corporate Accounting/Finance
     
Date:  June 2, 2026
    


Source: View Original Filing on SEC EDGAR

FAQ

What did Atlantic American Corporation (AAME) change in its credit agreement?

Atlantic American Corporation signed a Second Amendment to its Revolving Credit Agreement with Truist Bank. The amendment primarily extends the deadlines for delivering 2025 audited financial statements, Q1 2026 interim statements, and related covenant compliance certificates to the lender.

Which financial statements are affected by Atlantic American’s new deadline?

The new deadline covers Atlantic American’s audited consolidated financial statements for the year ended December 31, 2025 and its interim consolidated financial statements for the quarter ended March 31, 2026. Related compliance certificates tied to financial covenants are also included in this extension.

What is the new reporting deadline under Atlantic American’s amended credit agreement?

Under the Second Amendment with Truist Bank, Atlantic American must deliver its specified 2025 audited and Q1 2026 interim financial statements and related compliance certificates no later than July 31, 2026. This replaces earlier delivery deadlines under the original Revolving Credit Agreement.

Who is Atlantic American Corporation’s lender under the Revolving Credit Agreement?

The lender under Atlantic American Corporation’s Revolving Credit Agreement is Truist Bank. The Second Amendment executed on May 27, 2026, between Atlantic American and Truist Bank, adjusts the timing for delivering required financial statements and covenant compliance certificates.

Does the Atlantic American amendment change financial covenants or only timing?

The disclosed change concerns timing of required deliveries, extending dates for financial statements and related compliance certificates. The description highlights new delivery deadlines; it does not describe revisions to the underlying financial covenants themselves in the summarized text provided.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents