secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC AMERICAN CORP (AAME)
CIK:        0000008177
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001140361-24-050536
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlantic American amends lease; base rent rises to $12/sq ft from $9.50, starting Jan 1, 2025
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- Second Amendment to lease for 4370 Peachtree Rd, Atlanta, increases annual base rent from $9.50 to $12.00 per sq ft.
- Rent for 49,586 sq ft retained space becomes $595,032/year ($49,586/month) effective January 1, 2025.
- Future rent adjustments scheduled for Jan 1, 2027 and Jan 1, 2030, then every 5 years on mutually agreeable terms.
- Lessor 4370 Peachtree LLC is controlled by Harriett J. Robinson, AAME's controlling shareholder, making this a related-party transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8177/000114036124050536/0001140361-24-050536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8177/000114036124050536/ef20040749_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-050536

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