Atlantic American Corporation (AAME) received a Nasdaq notice on April 17, 2026 for failing to file its Form 10‑K for the year ended December 31, 2025. The company announced the notice on April 21, 2026 and is required to submit a plan to regain compliance within 60 calendar days, with a deadline of June 16, 2026. Nasdaq may grant an extension of up to 180 days if the plan is accepted.
The delay stems from the company’s adoption of Accounting Standards Update 2018‑12, which requires restatements of long‑duration insurance contract balances and additional audit procedures. The accounting change has increased the complexity of the 10‑K preparation, but the company does not anticipate a significant impact on its 2025 results.
Management has stated that it is working to complete and file the Form 10‑K as soon as practicable and expects to meet the extension period. The company also noted that it does not anticipate a significant change in 2025 results of operations and will file the audited financial statements within the extended timeframe.
Atlantic American’s financial health remains strong, with a perfect Piotroski Score of 9 and liquid assets that exceed short‑term obligations. The Nasdaq notice does not affect the company’s current listing or trading on the Nasdaq Global Market, but failure to regain compliance could trigger delisting procedures.
The Nasdaq process requires the company to present a compliance plan within 60 days of the notice. If Nasdaq accepts the plan, the company may receive an extension of up to 180 days from the original filing deadline, allowing additional time to complete the 10‑K without immediate listing consequences.
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