UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In connection with Unico American Corporation’s (the “Company”) decision to place Crusader Insurance Company, a wholly-owned subsidiary of the Company, into runoff and as a part of the workforce reductions described in Item 2.05 of the Form 8-K filed on September 30, 2021, as amended by the Form 8-K/A filed on October 13, 2021, and as further amended by the Form 8-K/A filed on December 21, 2021, Donny J. Esparza, the Company’s Senior Vice President of Marketing and Distribution, is separating from the Company effective December 16, 2021. In connection with his separation, Mr. Esparza is expected to receive a severance payment of approximately $19,000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UNICO AMERICAN CORPORATION (Registrant) | |||
Date: December 21, 2021 | By: | /s/ Jennifer E. Ziegler | |
| Name: | Jennifer E. Ziegler | |
| Title: | Executive Vice President, | ||
| Chief Financial Officer, and Treasurer | |||
Cover |
Dec. 16, 2021 |
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| Cover [Abstract] | |
| Entity Registrant Name | Unico American Corporation |
| Entity Central Index Key | 0000100716 |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Emerging Growth Company | false |
| Document Period End Date | Dec. 16, 2021 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Entity Incorporation State Country Code | NV |
| Entity File Number | 000-03978 |
| Entity Tax Identification Number | 95-2583928 |
| Entity Address Address Line 1 | 26050 Mureau Road |
| Entity Address City Or Town | Calabasas |
| Entity Address State Or Province | CA |
| Entity Address Postal Zip Code | 91302 |
| City Area Code | 818 |
| Local Phone Number | 591-9800 |
| Security 12b Title | Common Stock, No Par Value |
| Trading Symbol | UNAM |
| Security Exchange Name | NASDAQ |
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