10-K/A: Conifer Holdings Files Amendment to 10-K to Correct Beneficial Ownership Calculation

Conifer Holdings files an amendment to its annual report on Form 10-K to correct a clerical error in the calculation of beneficial ownership percentages.

Summary

• Conifer Holdings, Inc. filed Amendment No. 2 to its Annual Report on Form 10-K/A for the fiscal year ended December 31, 2024.
• The amendment corrects a clerical error in the beneficial ownership table contained in Part III, Item 12 of the original Form 10-K.
• The correction pertains to the calculation of the beneficial ownership percentage of all named executive officers and directors as a group.
• The amendment also includes new certifications by the principal executive officer and the principal financial officer as required by Section 302 of the Sarbanes-Oxley Act of 2002.
• The number of outstanding shares of the registrant's common stock as of April 28, 2025, was 12,222,881.
• As of April 7, 2025, Jeffrey Hakala and Gerald Hakala, through Clarkston Ventures, LLC, beneficially own 42.1% of the company's shares, including Series B Preferred Stock.
• All named executive officers and directors as a group beneficially own 50.9% of the company's shares as of April 7, 2025, including Series B Preferred Stock.
• James Petcoff beneficially owns 23.5% of the company's shares as of April 7, 2025.

Sentiment

Score: 7

Explanation: The document is a routine amendment to correct a clerical error, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it shows the company is taking steps to ensure accuracy in its reporting.

Positives

• The company is transparently correcting an error in its filings.
• The filing includes updated certifications from the CEO and CFO, ensuring compliance with regulatory requirements.

Management Changes

Stakeholder Impact

• Shareholders are provided with corrected information regarding beneficial ownership.
• The filing ensures compliance with SEC regulations, maintaining investor confidence.

Key Dates

Keywords

beneficial ownership, amendment, Form 10-K, Conifer Holdings, executive officers, directors, shares, stock, Clarkston Ventures, Jeffrey Hakala, Gerald Hakala, James Petcoff