---
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"
generated_at: "2026-05-31T06:03:48.973018+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Conifer Holdings sells insurance agency for $45M plus earn-out; CEO steps down

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-040472
- JSON: https://secwatch.observer/filing/0001140361-24-040472.json
- Plain text: https://secwatch.observer/filing/0001140361-24-040472.txt

## Key facts
- Executive change
  Nicholas Petcoff resigned as Chief Executive Officer and director at Presurance Holdings, Inc..
  - Action: resigned
  - Role: Chief Executive Officer and director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1502292/000114036124040472/0001140361-24-040472-index.htm
- Executive change
  Brian Roney was appointed as Chief Executive Officer at Presurance Holdings, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Effective August 30, 2024, Brian Roney, President, was appointed to the role of Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1502292/000114036124040472/0001140361-24-040472-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.