Nasdaq warns Atlantic American (NASDAQ: AAME) over delayed 10-K and 10-Q filings
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Atlantic American Corporation 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 March 31, 2026 and remains delinquent on its Form 10-K for the year ended December 31, 2025.
The company has until June 16, 2026 to submit a plan to regain compliance. If Nasdaq accepts the plan, it may allow up to 180 days from the Form 10-K’s original due date, or October 12, 2026, for the company to become current in its filings. The notice does not immediately affect the listing or trading of the company’s common stock on The Nasdaq Global Market, and the company states it is working diligently to complete the outstanding reports and, if necessary, will submit a compliance plan.
Positive
- None.
Negative
- The company is out of compliance with Nasdaq Listing Rule 5250(c)(1) due to missing its Form 10-K for the year ended December 31, 2025 and Form 10-Q for the quarter ended March 31, 2026, creating a formal listing deficiency that could lead to further Nasdaq actions if not remedied.
Insights
Nasdaq noncompliance notice raises listing-risk overhang until filings are cured.
Nasdaq informed Atlantic American Corporation that missing the Form 10-K for the year ended December 31, 2025 and the Form 10-Q for the quarter ended March 31, 2026 violates Listing Rule 5250(c)(1), which requires timely SEC filings. This is a formal deficiency, not yet a delisting.
The company has until June 16, 2026 to submit a compliance plan. If Nasdaq accepts it, the company could have up to 180 days from the Form 10-K due date, until October 12, 2026, to regain compliance. If Nasdaq rejects the plan, an appeal to a Nasdaq Hearings Panel is available.
The notice explicitly states there is no immediate effect on listing or trading on The Nasdaq Global Market. Actual impact will depend on the company’s ability to file the overdue Form 10-K and Form 10-Q and, if needed, obtain acceptance of its plan within the specified timelines.
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 or transferred its listing to a different exchange.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Missing annual report: Form 10-K
Missing quarterly report: Form 10-Q
Plan submission deadline: June 16, 2026
+3 more
6 metrics
Missing annual report
Form 10-K
Year ended December 31, 2025
Missing quarterly report
Form 10-Q
Quarter ended March 31, 2026
Plan submission deadline
June 16, 2026
Deadline to submit Nasdaq compliance plan
Potential extension period
180 calendar days
From Form 10-K original due date
Latest compliance date if extended
October 12, 2026
Possible last day to regain compliance
Listing rule cited
Nasdaq Listing Rule 5250(c)(1)
Requires timely filing of periodic reports
Key Terms
Nasdaq Listing Rule 5250(c)(1), Quarterly Report on Form 10-Q, Annual Report on Form 10-K, Nasdaq Hearings Panel, +2 more
6 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.
Quarterly Report on Form 10-Q financial
"had not yet filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026"
A quarterly report on Form 10-Q is a standardized financial filing public companies must submit to U.S. regulators every three months, summarizing recent financial results, cash flows, balance sheet changes, operations and material risks or legal developments. Investors treat it like a company report card that shows up-to-date facts rather than marketing copy, helping them track performance, spot trends, reassess risk and make buy or sell decisions.
Annual Report on Form 10-K financial
"remains delinquent in filing its Annual Report on Form 10-K for the year ended December 31, 2025"
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
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 the Company’s expectations"
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.
insurance holding company financial
"Atlantic American Corporation is an insurance holding company involved through its subsidiary companies"
FAQ
Why did Atlantic American Corporation (AAME) receive a Nasdaq notice in May 2026?
Atlantic American Corporation received a Nasdaq notice because it had not filed its Form 10-Q for the quarter ended March 31, 2026 and remained delinquent on its Form 10-K for the year ended December 31, 2025, violating Nasdaq Listing Rule 5250(c)(1) on timely SEC filings.
What deadline has Nasdaq given Atlantic American (AAME) to address its filing delays?
Nasdaq has given Atlantic American until June 16, 2026 to submit a plan to regain compliance. If Nasdaq accepts this plan, the company may receive up to 180 days from the Form 10-K’s original due date, or October 12, 2026, to become current in its SEC filings.
Does the Nasdaq deficiency notice immediately affect AAME stock trading?
The Nasdaq notice has no immediate effect on the listing or trading of Atlantic American’s common stock on The Nasdaq Global Market. The company’s shares continue to trade while it works to file the delayed Form 10-K and Form 10-Q and potentially submit a compliance plan.
What steps does Atlantic American (AAME) plan to take to regain Nasdaq compliance?
Atlantic American states it is working diligently to file its overdue Form 10-K and Form 10-Q as promptly as practicable. If those filings are not made by June 16, 2026, the company intends to submit to Nasdaq a formal plan explaining how it will regain compliance.
How long could Atlantic American have to regain Nasdaq compliance if its plan is accepted?
If Nasdaq accepts Atlantic American’s compliance plan, Nasdaq may grant up to 180 calendar days from the Form 10-K’s original due date. This would extend the period to regain compliance with reporting requirements until October 12, 2026, assuming the plan is approved.
What business does Atlantic American Corporation (AAME) operate in?
Atlantic American Corporation is an insurance holding company active through subsidiaries in specialty life, health, and property and casualty markets. Its principal insurance units include American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company.