8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): February 25, 2016

GWG Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware	None	26-2222607
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

220 South Sixth Street, Suite 1200, Minneapolis, MN 55402

(Address of principal executive offices) (Zip Code)

(612) 746-1944

(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.      Other Events.

Stock Buyback Program

The Board of Directors of GWG Holdings, Inc. authorized a stock buyback program, to be effective February 25, 2016 and pursuant to which GWG Holdings may, from time to time, purchase shares of its common stock for an aggregate repurchase price of up to $2,000,000. Stock buybacks may be executed through various means, including through the open market and privately negotiated transactions. The stock buyback program does not have an expiration date and does not obligate GWG Holdings to purchase any shares.

On February 25, 2016, GWG Holdings issued a press release relating to the matters discussed in this report. A copy of this press release is included with this report as Exhibit 99.1.

Item 9.01.      Financial Statements and Exhibits.

(d)   Exhibits.

99.1 Press Release dated February 25, 2016.

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 SIGNATURE

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.

	GWG Holdings, Inc.
Date: February 26, 2016	By:	/s/ Jon Sabes
		Jon Sabes
		Chief Executive Officer

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EXHIBIT INDEX

99.1 Press Release dated February 25, 2016.

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE:

 

GWG ANNOUNCES SHARE REPURCHASE PROGRAM

Minneapolis, MN - February 25, 2016 – GWG Holdings, Inc. (NASDAQ: GWGH) (“GWG Holdings” or the “Company”), announced today a common stock repurchase program, authorizing the Company to purchase up to $2 million of the Corporation's outstanding shares of common stock.

CEO Jon Sabes said, “We believe the Company’s common stock is significantly undervalued considering the Company’s net asset value of $13.36¹ per share, our unique business model serving thousands of independent financial advisors, and the substantial growth opportunity in the secondary market for life insurance.”

The share repurchase authorization was approved by GWG’s Board of Directors, is effective immediately, and has no expiration date. The authorization gives management discretion in determining the market and business conditions under which shares may be purchased.

¹ Net asset value per share is calculated as present value of the Company’s portfolio of life insurance policies using a discount rate of 6.96% (equal to the Company’s weighted average cost of capital) plus cash on hand less the sum of the Company’s interest bearing debt and preferred stock, divided by the number of basic shares outstanding. All figures as of September 30, 2015.

About GWG Holdings, Inc.

GWG Holdings, Inc. (NASDAQ: GWGH) is a specialty finance company and a leader in the secondary market for life insurance. GWG is dedicated to creating a vibrant secondary life insurance market for the economic benefit of seniors seeking post-retirement financial solutions, investors seeking yield derived from non-correlated assets, financial advisors seeking value-added products and services for their clients, and shareholders seeking to benefit from the growth of this marketplace. As of September 30, 2015, GWG’s growing portfolio consisted of nearly $900 million in face value of benefits. Since 2006, GWG has purchased nearly $1.8 billion in life insurance policy benefits and paid seniors over $303 million for their policies.

For more information about GWG: email info@gwglife.com or visit www.gwglife.com.

Investor Contacts:

Larry Clark (310) 622-8223

Tricia Ross (310) 622-8226

Financial Profiles, Inc.

GWGH@finprofiles.com

Media Contacts:

Stefan Prelog

Senior Vice President

Rubenstein Public Relations, Inc.

(212) 843-8076

sprelog@rubenstein.com

Rose Reifsnyder

Sr. Vice President, Marketing

GWG Holdings, Inc.

(612) 840-7204

rreifsnyder@gwglife.com