secwatch.observer — SEC 8-K summary
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Issuer:     UNICO AMERICAN CORP (—)
CIK:        0000100716
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001654954-23-005098
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unico American receives Nasdaq delisting notice for late 10-K filing
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- Nasdaq notified Unico on Apr 18, 2023 of noncompliance with Listing Rule 5250(c)(1) due to failure to file 2022 10-K by Mar 31, 2023 deadline.
- Company has 60 calendar days (until June 20, 2023) to submit a plan to regain compliance; extension possible up to Oct 16, 2023.
- No immediate effect on trading, but Nasdaq will broadcast noncompliance indicator; failure to comply could lead to delisting.
- Unico's insurance subsidiary Crusader entered runoff in Sep 2021; premium financing and agency operations discontinued in 2021 and 2022 respectively.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100716/000165495423005098/0001654954-23-005098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100716/000165495423005098/unam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-005098

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