-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PWbzb1/v2/iuPTPM7K5SH3ehX+rn+bsl00DgBNzzFr/4Rj0fqGvXCWSrgpzqYXtn f1MhDkwERcwMJRuCiQ9YbA== 0000912057-96-027554.txt : 19961202 0000912057-96-027554.hdr.sgml : 19961202 ACCESSION NUMBER: 0000912057-96-027554 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961125 ITEM INFORMATION: Other events FILED AS OF DATE: 19961126 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN TREATY AMERICAN CORP CENTRAL INDEX KEY: 0000814181 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 231664166 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15972 FILM NUMBER: 96672132 BUSINESS ADDRESS: STREET 1: 3440 LEHIGH ST CITY: ALLENTOWN STATE: PA ZIP: 18103 BUSINESS PHONE: 2159652222 MAIL ADDRESS: STREET 2: 3440 LEHIGH STREET CITY: ALLENTOWN STATE: PA ZIP: 18103 8-K 1 8-K COVER 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) November 25, 1996 PENN TREATY AMERICAN CORPORATION -------------------------------- (Exact name of registrant as specified in its charter) Pennsylvania 0-15972 23-1664166 - -------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 3440 Lehigh Street, Allentown, Pennsylvania 18103 - -------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (610) 965-2222. -------------- ITEM 5. OTHER EVENTS. Pursuant to a Purchase Agreement dated November 20, 1996, the Registrant will consummate on November 26, 1996 the sale of $74,750,000 aggregate principal amount of its 6 1/4% Convertible Subordinated Notes due 2003 (the "Notes"). The Notes are convertible, at the option of the holders thereof, at any time after February 24, 1997, into shares of Common Stock of the Company at a conversion price of $28.44 per share, subject to adjustment in certain events. The insurance laws and regulations of each of Pennsylvania and Vermont, which are applicable to the Company, provide, among other things, that without the consent of the insurance commissioner of such state, no person may acquire control of the Company and that any person or holder of shares of Common Stock or securities convertible into such Common Stock (such as the Notes) possessing 10% or more of the aggregate voting power of the Common Stock (inclusive of shares issuable upon conversion of all such convertible securities) will be presumed to have acquired such control unless such insurance commissioner, upon application, has determined otherwise. 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. PENN TREATY AMERICAN CORPORATION Date: November 25, 1996 By: /s/ A. J. CARDEN -------------------- A. J. Carden Executive Vice President -----END PRIVACY-ENHANCED MESSAGE-----