Atlantic American Corporation received a Nasdaq compliance notice due to delayed financial report filings, seeking a plan by June 16.
Quiver AI Summary
Atlantic American Corporation announced it received a notification from Nasdaq indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the company's failure to file its Quarterly Report on Form 10-Q for the quarter ending March 31, 2026, and its Annual Report on Form 10-K for the year ending December 31, 2025. While this notice does not currently affect the trading of the company's stock, Atlantic American has until June 16, 2026, to submit a compliance plan to Nasdaq. If accepted, the company may have until October 12, 2026, to regain compliance. The company is actively working to file the required reports and is prepared to submit a compliance plan if it cannot meet the deadline. Atlantic American Corporation operates in the insurance sector through various subsidiaries.
Potential Positives
- The Nasdaq notice does not currently impact the listing or trading of the Company’s common stock, providing some stability during the compliance process.
- The Company has an opportunity to submit a plan for regaining compliance by June 16, 2026, which indicates a potential path forward.
- If the plan is accepted, the Company could be granted an extension of up to 180 days to comply, allowing additional time to address the reporting issues.
- The Company is actively working on filing the overdue reports, demonstrating a commitment to resolve the compliance issues quickly.
Potential Negatives
- The company is currently non-compliant with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its 10-Q and 10-K reports, which raises concerns about its financial transparency and governance.
- If the company fails to submit an acceptable compliance plan by June 16, 2026, it risks further regulatory action or possible delisting from Nasdaq, which could adversely affect investor confidence.
- The ongoing delays in financial filings may indicate underlying issues within the company's financial reporting processes, potentially impacting its reputation and operational stability.
FAQ
What compliance issue did Atlantic American Corporation face with Nasdaq?
Atlantic American Corporation failed to file its Quarterly Report on Form 10-Q and its Annual Report on Form 10-K, violating Nasdaq Listing Rule 5250(c)(1).
What is the deadline for Atlantic American Corporation to submit a compliance plan?
The Company must submit a compliance plan to Nasdaq by June 16, 2026.
Will Atlantic American Corporation's stock trading be affected by the Nasdaq notice?
No, the Nasdaq notice has no immediate effect on the listing or trading of the Company’s common stock.
What subsidiaries does Atlantic American Corporation include?
Atlantic American Corporation's principal subsidiaries include American Southern Insurance Company, American Safety Insurance Company, and Bankers Fidelity Life Insurance Company.
Are there any risks associated with Atlantic American Corporation's forward-looking statements?
Yes, forward-looking statements involve risks and uncertainties, and actual results may differ materially from expectations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AAME Revenue
$AAME had revenues of $53M in Q3 2025. This is an increase of 16.71% from the same period in the prior year.
You can track AAME financials on Quiver Quantitative's AAME stock page.
You can access data on AAME stock through the Quiver Quantitative API.
$AAME Hedge Fund Activity
We have seen 4 institutional investors add shares of $AAME stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 28,224 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $79,873
- FOCUS PARTNERS WEALTH removed 18,335 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $42,720
- GEODE CAPITAL MANAGEMENT, LLC removed 10,868 shares (-23.5%) from their portfolio in Q1 2026, for an estimated $25,322
- WELLS FARGO & COMPANY/MN removed 3,323 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $9,404
- BRIDGEWAY CAPITAL MANAGEMENT, LLC added 1,712 shares (+1.0%) to their portfolio in Q1 2026, for an estimated $3,988
- BLACKROCK, INC. added 897 shares (+0.8%) to their portfolio in Q1 2026, for an estimated $2,090
- DIMENSIONAL FUND ADVISORS LP removed 699 shares (-0.2%) from their portfolio in Q1 2026, for an estimated $1,628
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
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 |
