ATLANTIC AMERICAN CORP (AAME) Form 8-K — Oct 16, 2026

Atlantic American entered two amendments to its Truist Bank revolving credit agreement in a single week. The Fifth Amendment and Waiver waived two Events of Default: an April 22, 2026 downgrade of subsidiary American Southern's AM Best rating to 'A-' in violation of the credit covenant, and the company's failure to give prompt notice of that downgrade. The amendments repeatedly pushed back the deadline for delivering FY2025 audited financial statements — first to October 15, 2026, then to October 23, 2026 — and extended 2026 interim financial and covenant compliance certificates to November 30, 2026, indicating the company has not yet completed its 2025 audit.

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