Kingstone Companies, Inc 8-K, filed Aug 12, 2020
Kingstone Companies, Inc. (KINS)
8-K
2020-08-12
For: 2020-08-11
View Original
Added on
April 06, 2026
About this 8-K
Kingstone Companies, Inc filed this 8-K on August 12, 2020, reporting on events of August 11, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_______
FORM 8-K
_______
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
Report August 11,
2020
(Date
of earliest event reported)
(Exact
Name of Registrant as Specified in Charter)
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File No.)
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(IRS
Employer Identification
Number)
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (845 )
802-7900
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:
Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. □
Item
7.01 Regulation FD Disclosure .
On
August 11, 2020, Kingstone Companies, Inc. (the
“Company”) issued a press release announcing that the
United States District Court for the Southern District of New York
has granted the Company’s motion to dismiss the amended
complaint in the putative securities class action suit originally
commenced in 2019 against the Company and certain current and
former officers and directors. A copy of the press release is
furnished as Exhibit 99.1 hereto. Reference is made to the press
release for a more complete description of the court’s
actions.
The
information furnished with this Item 7.01, including Exhibit 99.1,
shall not be deemed as “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by
reference into any other filing under the Securities Act of 1933,
as amended, or the Exchange Act, except as expressly set forth by
specific reference in such filing.
Item
9.01 Financial Statements and Exhibits
..
(d)
Exhibits.
Press release,
dated August 11, 2020, issued by Kingstone Companies,
Inc.
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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KINGSTONE COMPANIES, INC.
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Dated:
August 11, 2020
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By:
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/s/
Barry B. Goldstein
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Barry
B, Goldstein
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President
and CEO
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Exhibit 99.1
Kingstone Companies, Inc.
Headline: Kingstone Announces Dismissal of Complaint in
Putative Class Action
Date: 08-11-2020
For a
complete listing of our press releases, please click here
KINGSTON,
N.Y.--(BUSINESS WIRE)-- Kingstone
Companies, Inc. (Nasdaq: KINS) (the “Company” or
“Kingstone”), a Northeast regional property and
casualty insurance holding company, today announced that the United
States District Court for the Southern District of New York has
granted the defendants' motion to dismiss the amended complaint in
the putative securities class action suit originally commenced in
2019 against the Company and certain current and former officers
and directors, captioned Woolgar
v. Kingstone Companies et al., 19 cv 05500 (S.D.N.Y.).
Plaintiff sought to represent a class of persons or entities that
purchased Kingstone securities between March 14, 2018 and April 29,
2019, and alleged violations of the federal securities law in
connection with, among other things, the Company’s loss
reserves in light of the April 29, 2019 announcement regarding
losses related to winter catastrophe events. The Court has
permitted plaintiff to amend the complaint to attempt to cure the
deficiencies identified by the Court in its opinion (to the extent
plaintiff has a good faith basis to do so). The amended complaint,
if any, would need to be filed by September 11, 2020.
About Kingstone Companies, Inc.
Kingstone
is a Northeast regional property and casualty insurance holding
company whose principal operating subsidiary is Kingstone Insurance
Company (“KICO”). KICO is a multi-line carrier writing
business through retail and wholesale agents and brokers. KICO
offers primarily personal lines insurance products, as well as
Physical Damage Only coverage to taxi, limousine, and
transportation network vehicle owners in New York State. Actively
writing in New York, New Jersey, Rhode Island, Massachusetts, and
Connecticut, Kingstone is also licensed in Pennsylvania, New
Hampshire and Maine.
Forward-Looking Statements
Statements
in this press release may contain “forward-looking
statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical facts, may be forward-looking statements.
These statements are based on management’s current
expectations and are subject to uncertainty and changes in
circumstances. These statements involve risks and uncertainties
that could cause actual results to differ materially from those
included in forward-looking statements due to a variety of factors.
For more details on factors that could affect expectations, see
Part I, Item 1A of our Annual Report on Form 10-K for the year
ended December 31, 2019 under “Factors That May Affect Future
Results and Financial Condition” and Part II, Item 1A of our
Quarterly Report on Form 10-Q for the period ended June 30, 2020,
to be filed with the Securities and Exchange Commission. Kingstone
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
View source version on
businesswire.com: https://www.businesswire.com/news/home/20200811005516/en/
Kingstone Companies, Inc.
Amanda
M. Goldstein
Investor
Relations Director
(516)
960-1319
Source:
Kingstone Companies, Inc.