{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-040472","form_type":"8-K","ticker":"PRHI","cik":"0001502292","company_name":"Presurance Holdings, Inc.","filed_at":"2024-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.278416+00:00","generated_at":"2026-05-31T06:03:48.973018+00:00","sec_items":["1.01","2.01","5.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Conifer Holdings sells insurance agency for $45M plus earn-out; CEO steps down","bullets":["Sold Conifer Insurance Services for $45M cash plus up to $25M earn-out; also sold Sycamore Specialty stake for $6.5M.","CEO Nicholas Petcoff resigned; President Brian Roney appointed CEO effective August 30, 2024.","Used proceeds to repay senior secured debt and redeem all Series A Preferred Stock.","Pro forma 2023 net income allocable to common of $18.0M vs historical loss of $25.9M, reflecting gain on sale.","Believes it now meets Nasdaq minimum stockholders' equity requirement of $2.5M after sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-040472","json":"https://secwatch.observer/filing/0001140361-24-040472.json","markdown":"https://secwatch.observer/filing/0001140361-24-040472.md","text":"https://secwatch.observer/filing/0001140361-24-040472.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1502292/000114036124040472/0001140361-24-040472-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1502292/000114036124040472/ef20035326_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:03:48.973018+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4f1a5e05f9","claim":"Nicholas Petcoff resigned as Chief Executive Officer and director at Presurance Holdings, Inc..","evidence_excerpt":"On August 30, 2024, Nicholas Petcoff, the Company’s Chief Executive Officer and director, resigned from all his positions at the Company and its subsidiaries (including his position as a director) in connection with the transaction contemplated by the CIS Agreement, and the Board decreased the size of the Board to eight directors.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1502292/000114036124040472/0001140361-24-040472-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer and director"}],"fact_type":"executive_change"},{"claim_id":"951edcb88e","claim":"Brian Roney was appointed as Chief Executive Officer at Presurance Holdings, Inc..","evidence_excerpt":"Effective August 30, 2024, Brian Roney, President, was appointed to the role of Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1502292/000114036124040472/0001140361-24-040472-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}