Business Context and Reporting Period
This Form 8-K filing by Atlantic American Corporation covers the period ending August 1, 2017. The report addresses a significant change in executive leadership within the finance department.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure: John G. Sample, Jr. retired as Chief Financial Officer effective July 31, 2017.
- Appointment: J. Ross Franklin was appointed as Interim Chief Financial Officer effective August 1, 2017.
Management Commentary and Outlook
Mr. Franklin will serve in the interim role until a permanent successor is appointed. He brings over fifteen years of insurance industry experience in accounting and financial management. He has been employed by the Company and its subsidiaries since 2000, most recently serving as Vice President, Accounting and Treasurer of the Bankers Fidelity Life Insurance Company subsidiary since 2009. He holds a Master of Professional Accounting and an MBA from Georgia State University and is a Certified Public Accountant.
Investor Verification Checklist
- Confirm the timeline for the search and appointment of a permanent Chief Financial Officer.
- Review the Company's subsequent filings for any financial impact related to the leadership transition.
- Verify Mr. Franklin's continued tenure in the interim role in future reports.