home · filing · 0001069996-22-000102
8-K filed December 12, 2022, 6:59 PM ET
CIK 0001069996
other material
confidence high
sentiment negative
materiality 1.00
FedNat Holding Co: going-concern / distress — FedNat Holding Company files Chapter 11; interim CEO resigns, CRO becomes CEO
FedNat Holding Co
FedNat Holding Company and four subsidiaries filed Chapter 11 petitions on Dec 11, 2022 to maximize stakeholder value.
Company has ~$6.5M cash on hand to support operations during Chapter 11; intends to pay employees and service customers.
Interim CEO David K. Patterson resigned Dec 12, 2022; remains on Board of Directors.
Katie S. Goodman, Chief Restructuring Officer since Sep 30, 2022, becomes principal executive officer effective Dec 12.
Company evaluating strategic alternatives including reorganization or sale of assets.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2022-12-12
Filed December 12, 2022, 6:59 PM ET
Effective December 12, 2022, Ms. Goodman will also serve as the Company’s principal executive officer.
Effective 2022-12-12
Successor Katie S. Goodman
Filed December 12, 2022, 6:59 PM ET
On December 12, 2022, the Company received the resignation of David K. Patterson from his position as the Company’s interim Chief Executive Officer.
Key facts
Extracted from this filing and checked against the source text.
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
FedNat Holding Co entered chapter 11 in United States Bankruptcy Court for the Southern District of Florida (petition 2022-12-11).
Proceeding chapter 11
Court United States Bankruptcy Court for the Southern District of Florida
Petition 2022-12-11
Exact text from the filing
filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Florida
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Katie S. Goodman was appointed as principal executive officer at FedNat Holding Co.
Action appointed
Role principal executive officer
Exact text from the filing
Effective December 12, 2022, Ms. Goodman will also serve as the Company’s principal executive officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David K. Patterson resigned as interim Chief Executive Officer at FedNat Holding Co.
Action resigned
Role interim Chief Executive Officer
Exact text from the filing
On December 12, 2022, the Company received the resignation of David K. Patterson from his position as the Company’s interim Chief Executive Officer.
View on SEC.gov
Source: SEC EDGAR
accession 0001069996-22-000102
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