ATLANTIC AMERICAN CORP

Atlantic American Corporation (AAME) has entered into two amendments to its credit agreement with Truist Bank. The Fourth Amendment extended deadlines for financial statement and compliance certificate deliveries. The Fifth Amendment further extended the deadline for 2025 audited financials and waived defaults related to the AM Best rating of its subsidiary, American Southern Insurance Company, lowering the minimum required rating to 'A-'.

Atlantic American Corporation entered into a Third Amendment to its Revolving Credit Agreement with Truist Bank. This amendment extends the deadline for the company to deliver its audited consolidated financial statements for the year ended December 31, 2025, and interim financial statements for the quarters ended March 31, 2026, and June 30, 2026. The new deadline for these submissions, along with related financial covenant compliance certificates, is October 12, 2026.

Atlantic American Corporation received notices from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to delayed filing of its Form 10-K for 2025 and Form 10-Q for Q1 2026. Following a submitted compliance plan, Nasdaq granted the company a 180-day extension, setting the new deadline to regain compliance as October 12, 2026. The company is working to file the delinquent reports, but failure to meet the deadline could result in delisting of its common stock.

Atlantic American Corp has entered into a Second Amendment to its Revolving Credit Agreement with Truist Bank. This amendment extends the deadline for the company to 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. The new deadline for these financial statements and related compliance certificates is July 31, 2026.

Atlantic American Corporation announced it received a notice from Nasdaq on May 21, 2026, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1). This is due to the company's failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026, and its Annual Report on Form 10-K for the year ended December 31, 2025. The company has until June 16, 2026, to submit a plan to regain compliance, with a potential extension up to October 12, 2026. The notice currently has no immediate effect on the listing of its common stock.

Atlantic American Corporation announced it received a notice from Nasdaq on May 21, 2026, stating non-compliance with Nasdaq Listing Rule 5250(c)(1). This is due to the company's failure to timely file its Quarterly Report on Form 10-Q for Q1 2026 and its Annual Report on Form 10-K for 2025. The notice does not immediately affect the trading of its common stock, and the company has until June 16, 2026, to submit a plan to regain compliance, with a potential extension until October 12, 2026.

Atlantic American Corporation announced that J. Ross Franklin notified the company of his decision to resign from his roles as Vice President, Chief Financial Officer, and Secretary. His resignation will be effective on May 27, 2026. The company stated that Mr. Franklin's departure is not due to any disagreements regarding the company's operations, policies, or practices, and the search for a successor CFO has begun.

Atlantic American Corporation received a notice from Nasdaq on April 17, 2026, indicating non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its 2025 Annual Report on Form 10-K. The company has 60 calendar days to submit a plan to regain compliance, with a potential extension of up to 180 days if the plan is accepted. The notice currently has no immediate effect on the company's Nasdaq Global Market listing.

Atlantic American Corporation received a notice from Nasdaq on April 17, 2026, for non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the year ended December 31, 2025. This notice does not immediately affect the trading of its common stock. The company has 60 calendar days to submit a plan to regain compliance, with a potential extension of up to 180 days from the original 10-K due date if the plan is accepted.