penntreaty8k.htm
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): October 2,
2009
Penn Treaty American
Corporation
(Exact
name of registrant as specified in its charter)
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Pennsylvania
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001-14681
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23-1664166
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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2500 Legacy Drive, Suite 130 Frisco, TX
75034
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(Address
of Principal Executive Offices) (Zip
Code)
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Registrant’s
telephone number, including area code: (469)
287-7044
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.
On October 2,
2009, the Insurance Commissioner of the Commonwealth of Pennsylvania (the
“Insurance Commissioner”) filed in the Commonwealth Court of Pennsylvania
Petitions for Liquidation (the “Liquidation Petitions”) for Penn Treaty Network
America Insurance Company (“PTNA”) and American Network Insurance Company
(“ANIC”). PTNA is a direct insurance company subsidiary of Penn
Treaty American Corporation (the “Registrant”), and ANIC is a subsidiary of
PTNA.
The
Registrant is reviewing the Liquidation Petitions and evaluating its options
with respect thereto.
A copy of the
Petition for Liquidation of PTNA, along with the Memorandum of Law in support of
the Rehabilitator’s Petition for Liquidation, is attached hereto as Exhibit
99.1. A copy of the Petition for Liquidation of ANIC, along with the
Memorandum of Law in support of the Rehabilitator’s Petition for Liquidation, is
attached hereto as Exhibit 99.2.
The
Liquidation Petitions make reference to a report of Milliman, Inc., entitled
“Surplus Projections Related to Penn Treaty Network America Insurance Company
& American Network Insurance Company as of June 30, 2009” (the “Milliman
Report”). The Milliman Report, which was prepared for the
Pennsylvania Insurance Department, was filed as Exhibit A to each of the
Liquidation Petitions and is available at www.penntreaty.com.
Item
9.01 Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit Description
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.
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PENN
TREATY AMERICAN CORPORATION
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October
7, 2009
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/s/ Eugene
Woznicki
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Eugene
Woznicki |
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Chief
Executive Officer |
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EXHIBIT
INDEX
4