---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005820"
form_type: "8-K"
ticker: null
cik: "0001395585"
company_name: "First Trinity Financial CORP"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:30:05.256981+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Trinity terminates Share Acquisition Agreement with MTCP LLC; deal abandoned

## Summary
- Board unanimously voted to terminate on Feb 23, 2024; notice given Feb 26, 2024.
- Agreement dated April 24, 2023 involved MTCP LLC as Buyer and Brickell L&A Holdings as wholly owned subsidiary.
- Termination under Fifth Amendment; FTFC demands expense reimbursement from Buyer.
- Company to focus on 2023 Form 10-K and May 2024 Annual Meeting proxy statement.
- Shareholder proposals and director nominations must be received by March 27, 2024.

## SEC filing metadata
- accession: 0001437749-24-005820
- form_type: 8-K
- cik: 0001395585
- company_name: First Trinity Financial CORP
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 5.08, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395585/000143774924005820/0001437749-24-005820-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395585/000143774924005820/ftfc20240227_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005820
- JSON: https://secwatch.observer/filing/0001437749-24-005820.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005820.txt

## Key facts
- Material Agreements
  First Trinity Financial CORP terminated Share Acquisition Agreement with MTCP LLC valued at Termination of Share Acquisition Agreement (effective 2024-02-26).
  - Action: termination
  - Agreement: merger
  - Counterparty: MTCP LLC
  - Value: Termination of Share Acquisition Agreement
  - Effective: 2024-02-26
  source text: On February 23, 2024, the Board of Directors of First Trinity Financial Corporation (the “Company”) unanimously voted to terminate the Share Acquisition Agreement dated April 24, 2023 (the “Agreement”) among the Company, MTCP LLC, a Florida limited liability company (the “Buyer”) and Brickell L&A Holdings LLC, a Delaware limited liability company wholly owned by the Buyer, pursuant to provisions of an amendment to the Agreement giving the Company the right to terminate the Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1395585/000143774924005820/0001437749-24-005820-index.htm

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