Source-grounded facts extracted from KINGSWAY FINANCIAL SERVICES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
KINGSWAY FINANCIAL SERVICES INC shareholders approved Proposal 5 — Nonbinding advisory vote to approve named executive officer compensation at the 2026-05-18 meeting.
“Proposal 5 — Nonbinding advisory vote to approve named executive officer compensation was approved upon the following vote: For Against Abstain Broker Non-Votes 13,053,997 1,887,562 8,957 6,206,576”
Shareholder Votes
KINGSWAY FINANCIAL SERVICES INC shareholders approved Proposal 4 — Approval of an amendment to the Corporation’s 2020 Equity Incentive Plan dated September 21, 2020, to increase the number of Common Shares reserved for issuance at the 2026-05-18 meeting.
“Proposal 4 — Approval of an amendment to the Corporation’s 2020 Equity Incentive Plan dated September 21, 2020, to increase the number of Common Shares reserved for issuance was approved upon the following vote: For Against Abstain Broker Non-Votes 13,079,270 1,853,845 17,401 6,206,576”
Shareholder Votes
KINGSWAY FINANCIAL SERVICES INC shareholders approved Proposal 3 — Approval of an amendment to the Corporation’s Certificate of Incorporation to change the Corporate name at the 2026-05-18 meeting.
“Proposal 3 — Approval of an amendment to the Corporation’s Certificate of Incorporation to change the Corporate name was approved upon the following vote: For Against Abstain Broker Non-Votes 21,100,143 44,542 12,407 0”
Shareholder Votes
KINGSWAY FINANCIAL SERVICES INC shareholders approved Proposal 2 — Ratification of the appointment Plante & Moran, PLLC to serve as the Company’s independent registered public accounting firm for 2026 at the 2026-05-18 meeting.
“Proposal 2 — Ratification of the appointment Plante & Moran, PLLC to serve as the Company’s independent registered public accounting firm for 2026 was approved upon the following vote: For Against Abstain Broker Non-Votes 21,121,851 34,074 1,167 0”
Shareholder Votes
KINGSWAY FINANCIAL SERVICES INC shareholders approved Proposal 1 — Election of Directors at the 2026-05-18 meeting.
“All of the nominees for election to the Company’s Board of Directors were elected upon the following votes: Directors For Withheld Broker Non-Votes John T. Fitzgerald 14,884,242 66,274 6,206,576 Gregory P. Hannon 11,413,470 3,537,046 6,206,576 Joshua S. Horowitz 14,878,321 72,195 6,206,576 Terence M. Kavanagh 13,072,821 1,877,695 6,206,576 Douglas Levine 13,100,535 1,849,981 6,206,576 Adam J. Patinkin 14,888,689 61,827 6,206,576 Corissa B. Porcelli 13,101,937 1,848,579 6,206,576 Joseph D. Stilwell 11,577,505 3,373,011 6,206,576”
Governance Changes
KINGSWAY FINANCIAL SERVICES INC: Name change from Kingsway Financial Services Inc. to Kingsway Corporation, reflected in charter and bylaw amendments (effective 2026-05-18).
“on May 18, 2026 the Company filed a Certificate of Amendment to its Restated Certificate of Incorporation with the Secretary of State of the State of Delaware and approved an amendment to the Bylaws of the Company. The amendments to the Company’s Restated Certificate of Incorporation and Bylaws are solely intended to reflect the name change”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC entered into Membership Interest Purchase Agreement with Trinity Warranty Holding LLC valued at $5 million, paid in cash ... and $3 million payable in the form of secured subordinated promissory n (effective 2026-05-08).
“On May 8, 2026, Kingsway Warranty Holdings LLC (“ Kingsway Seller ”), a wholly owned subsidiary of Kingsway Financial Services Inc. (“ Kingsway ”), entered into a Membership Interest Purchase Agreement (the “ Purchase Agreement ”) with Trinity Warranty Holding LLC (“ Buyer ”), pursuant to which, subject to the terms and conditions of the Purchase Agreement, Kingsway Seller sold to Buyer all of the issued and outstanding equity interests (the “ Company Equity ”) of Trinity Warranty Solutions LLC”
Earnings Releases
KINGSWAY FINANCIAL SERVICES INC reported three months ended March 31, 2026 results: revenue $39.0 million. Guidance reaffirmed.
“99.1 ex_933530.htm Exhibit 99.1 KINGSWAY REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS -- Q1 2026 Ahead of Budget for both KSX and Extended Warranty-- -- Revenue Growth of 37% to $39.0 Million -- -- KSX Revenue Growth of 81% to $21.1 Million -- -- Extended Warranty Revenue Growth of 7% to $17.9 Million -- -- Reiterates Target of Three to Five Acquisitions in 2026 -- --”
Earnings Releases
KINGSWAY FINANCIAL SERVICES INC reported for the three and twelve months ended December 31, 2025 results: revenue $38.6 million, net income Consolidated net loss was $1.6 million.
“--- EX-99.1 2 ex_879805.htm EXHIBIT 99.1 ex_879805.htm Exhibit 99.1 KINGSWAY REPORTS FOURTH QUARTER AND FULL YEAR 2025 FINANCIAL RESULTS -- Q4 2025 Revenue Growth of 30% to $38.6 Million -- -- Q4 2025 KSX Revenue Growth of 64% to $20.3 Million -- -- Q4 2025 Extended Warranty Revenue Growth of 6% to $18.3 Million; Extended Warranty Cash Sales up 11% -- --”
Debt Financings
KINGSWAY FINANCIAL SERVICES INC incurred credit facility of $11 million term loan plus $500,000 revolving credit facility plus $750,000 equipment loan with Main Street Bank at Term Loan: 1-month Term SOFR Rate plus 3.30% (min 5.00%); Revolver: Wall Street maturing ten year term loan.
“On July 1, 2025, Kingsway Buyer and Roundhouse (collectively, " Borrowers ") entered into a new secured term credit facility (together with the term loan note and revolving demand line of credit note, the " Credit Agreement ") with Main Street Bank as lender (" Lender "). The new facility comprises a ten year $11 million term loan (the " Term Loan "), a revolving credit facility of up to $500,000 (the " Revolver ") and a non-revolving equipment guidance line of credit facility of up to $750,000 (the " Equipment Loan ").”
Governance Changes
KINGSWAY FINANCIAL SERVICES INC: Filed Certificate of Designations establishing Class D Preferred Stock (effective 2025-05-07).
“On May 7, 2025, the Company filed the Class D Certificate of Designations with the Secretary of State of the State of Delaware.”
Charles Frischer resigned as Director at KINGSWAY FINANCIAL SERVICES INC.
“Effective April 11, 2025, Charles Frischer. resigned as a director of Kingsway Financial Services Inc. (“Company”) and member of the Audit Committee.”
Joshua Horowitz was appointed as director at KINGSWAY FINANCIAL SERVICES INC.
“On March 31, 2025, the Board of Directors (the “Board”) of Kingsway Financial Services Inc. (the “Company”) appointed Adam Patinkin and Joshua Horowitz as directors of the Company, with immediate effect.”
Adam Patinkin was appointed as director at KINGSWAY FINANCIAL SERVICES INC.
“On March 31, 2025, the Board of Directors (the “Board”) of Kingsway Financial Services Inc. (the “Company”) appointed Adam Patinkin and Joshua Horowitz as directors of the Company, with immediate effect.”
Governance Changes
KINGSWAY FINANCIAL SERVICES INC: Filing of Class C Certificate of Designations creating Class C Preferred Stock (effective 2025-02-13).
“On February 13, 2025, the Company filed the Class C Certificate of Designations with the Secretary of State of the State of Delaware.”
Earnings Releases
KINGSWAY FINANCIAL SERVICES INC reported three months ended March 31, 2024 results: revenue $26.2 million.
“Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the three months ended March 31, 2024. First Quarter 2024 Consolidated Financial Highlights ● Consolidated revenue decreased 0.9% to $26.2 million for the three months ended March 31, 2024, compared to $26.4 million in the prior year period”
Earnings Releases
KINGSWAY FINANCIAL SERVICES INC reported the twelve months ended December 31, 2023 results: revenue $103.2 million, net income $24 million.
“KINGSWAY REPORTS FULL YEAR 2023 FINANCIAL RESULTS Management to Host Conference Call Today at 5 p.m. ET Save the Date: Kingsway to also Host Investor Day at the New York Stock Exchange on May 20, 2024 CHICAGO, March 5, 2024 - (NYSE: KFS) Kingsway Financial Services Inc. (“Kingsway” or the “Company”) today announced its operating results for the twelve months ended December 31, 2023, and announces its 2024 Investor Day will take place on May 20, 2024, at the New York Stock Exchange. Full Year 2023 Consolidated Financial Highlights ● Consolidated revenue increased 11% to $103.2 million for the twelve months ended December 31, 2023, compared to $93.3 million in prior year period o Extended Warranty revenue was $68.2 million in 2023 compared to $74.0 million in 2022; $4.9 million of the $5.8 million decrease was attributable to PWSC, which was sold in July 2022 o KSX revenue increased by 82% to $35.0 million in 2023, compared to $19.2 million for 2022, primarily due to the inclusion of CSu”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC terminated Membership Interest Purchase Agreement with National Institute of Clinical Research Inc. and Dr. Sali Aswad valued at Termination of Membership Interest Purchase Agreement (effective 2023-12-23).
“Item 1.02. Termination of a Material Definitive Agreement. As previously disclosed, on October 19, 2023, Kingsway Search Xcelerator Inc. (“Kingsway Buyer”), a subsidiary of Kingsway Financial Services Inc. (the “Company”), entered into a Membership Interest Purchase Agreement (the “Agreement”) with National Institute of Clinical Research Inc. (the “Seller”) and Dr. Sali Aswad (the “Shareholder”). On December 23, 2023, Kingsway Buyer delivered written notice to the Seller and the Shareholder that effective immediately it has terminated the Agreement as a result of the Seller’s and the Shareholder’s uncured breaches of certain representations, warranties, covenants and agreements and the resulting inability of the Seller and the Shareholder to satisfy the conditions to Kingsway Buyer’s obligation to consummate the transactions contemplated by the Agreement.”
Earnings Releases
KINGSWAY FINANCIAL SERVICES INC reported three and nine months ended September 30, 2023 results: revenue $24.8 million, EPS $0.68.
“Consolidated revenue increased 11% to $24.8 million for the three months ended September 30, 2023, compared to $22.4 million in prior year period”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC entered into Stock Purchase Agreement with Thomas J. Corney and TC Family 2023 LLC (collectively, the "Sellers") valued at $11,000,000 (effective 2023-10-26).
“On October 26, 2023, DDI Acquisition LLC (“Kingsway Buyer”), a subsidiary of Kingsway Financial Services Inc. (the “Company”), entered into a Stock Purchase Agreement (the “Agreement”) with Thomas J. Corney and TC Family 2023 LLC (collectively, the “Sellers”), pursuant to which, subject to the terms and conditions of the Agreement, the Kingsway Buyer acquired from the Sellers all of the issued and outstanding shares of capital stock (the “Acquired Shares”) of Digital Diagnostics Imaging, Inc. (“DDI”).”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC entered into Membership Interest Purchase Agreement with National Institute of Clinical Research Inc. valued at $7,932,500 (effective 2023-10-19).
“On October 19, 2023, Kingsway Search Xcelerator Inc. (“Kingsway Buyer”), a subsidiary of Kingsway Financial Services Inc. (the “Company”), entered into a Membership Interest Purchase Agreement (the “Agreement”) with National Institute of Clinical Research Inc. (the “Seller”) and Dr. Sali Aswad (the “Shareholder”), pursuant to which the Kingsway Buyer will, subject to the terms and conditions of the Agreement, acquire from Seller ninety-five percent (95%) of the issued and outstanding membership interests (the “Acquired Interests”) of a newly formed California limited liability company (“Newco”).”
Earnings Releases
KINGSWAY FINANCIAL SERVICES INC reported financial results for three and six-month period ended June 30, 2023.
“On August 8, 2023, Kingsway Financial Services Inc. (the “Company”) issued a press release regarding its financial results for the three and six-month period ended June 30, 2023.”
Shareholder Votes
KINGSWAY FINANCIAL SERVICES INC shareholders approved Nonbinding advisory vote to approve named executive officer compensation at the 2023-05-16 meeting.
“Nonbinding advisory vote to approve named executive officer compensation was approved upon the following vote:”
Shareholder Votes
KINGSWAY FINANCIAL SERVICES INC shareholders approved Ratification of the appointment Plante & Moran, PLLC to serve as the Company’s independent registered public accounting firm for 2023 at the 2023-05-16 meeting.
“Ratification of the appointment Plante & Moran, PLLC to serve as the Company’s independent registered public accounting firm for 2023 was approved upon the following vote:”
Shareholder Votes
KINGSWAY FINANCIAL SERVICES INC shareholders approved Election of Directors at the 2023-05-16 meeting.
“All of the nominees for election to the Company’s Board of Directors were elected upon the following votes:”
Earnings Releases
KINGSWAY FINANCIAL SERVICES INC reported the 12 months ended December 31, 2022 results: revenue $93.3 million, net income $30.1 million.
“Total revenue was $93.3 million for 2022, compared to $78.4 million for 2021, and now consists of just Extended Warranty and Kingsway Search Xcelerator (“KSX”) segment revenues”
Debt Financings
KINGSWAY FINANCIAL SERVICES INC amended credit facility with CIBC Bank USA.
“The Amendment also modifies the Senior Cash Flow Leverage Ratio (as such term is defined in the Amendment) to increase the maximum permissible Senior Cash Flow Leverage Ratio of the Loan Parties for certain periods.”
Debt Financings
KINGSWAY FINANCIAL SERVICES INC incurred term loan of up to Ten Million Dollars ($10,000,000) with CIBC Bank USA maturing December 1, 2025.
“The Amendment provides for an additional delayed draw term loan in the principal amount of up to Ten Million Dollars ($10,000,000) (the “DDTL”), with a maturity date of December 1, 2025.”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC amended Second Amendment to Loan and Security Agreement with CIBC Bank USA valued at Ten Million Dollars ($10,000,000) (effective 2023-02-28).
“On February 28, 2023, certain subsidiaries (such subsidiaries, collectively the “Loan Parties”) of Kingsway Financial Services, Inc. (the “Company”) entered into the Second Amendment to Loan and Security Agreement (the “Amendment”) with CIBC Bank USA as lender (“Lender”). The Amendment provides for an additional delayed draw term loan in the principal amount of up to Ten Million Dollars ($10,000,000) (the “DDTL”), with a maturity date of December 1, 2025.”
M&A Transactions
KINGSWAY FINANCIAL SERVICES INC completed a disposition involving BNSF Dayton LLC for $215.2 million (closed 2022-12-29).
“LLC, an indirect subsidiary of the Company and direct owner of the railyard, completed the sale to BNSF Dayton LLC, who also assumed the mortgage. The total sales price was $215.2 million – consisting of $44.5 million cash and $170.7 million of mortgage assumption – netting proceeds of $21.4 million to Kingsway after taxes, fees and distribution to the minority”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC entered into Sale Agreement with BNSF Dayton LLC (effective 2022-12-22).
“Sale Agreement (the “Agreement”), effective as of December 22, 2022, by and between Kingsway Seller and BNSF Dayton LLC (“Purchaser”).”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC entered into Purchase and Sale Agreement with BNSF Dayton LLC valued at 44,500,000.00 (effective 2022-12-22).
“On December 22, 2022, TRT Leaseco, LLC (“Kingsway Seller”), an indirect subsidiary of Kingsway Financial Services Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “Agreement”) with BNSF Dayton LLC (“Purchaser”), pursuant to which Kingsway Seller agreed to sell to the Purchaser certain real property (the “Property”) in Liberty County, Texas that is currently operated as a railyard.”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC entered into Asset Purchase Agreement with Secure Nursing Service, Inc., a California corporation, Rafael Gofman, Ella Gofman, and Zhanna Weiss valued at approximately $10.9 million (effective 2022-11-18).
“On November 18, 2022, Pegasus Acquirer LLC (the “Kingsway Buyer”), a newly formed subsidiary of Kingsway Financial Services Inc. (the “Company” or “Kingsway”), entered into an Asset Purchase Agreement (the “Agreement”) with Secure Nursing Service, Inc., a California corporation (“Seller”), Rafael Gofman (“Gofman”), Ella Gofman (“Ella”), and Zhanna Weiss (“Weiss” and, collectively with Gofman and Ella, the “Shareholders” and each, individually, a “Shareholder”) pursuant to which the Kingsway Buyer agreed to purchase and assume from Seller, substantially all of the assets and certain specified liabilities of Seller”
Earnings Releases
KINGSWAY FINANCIAL SERVICES INC reported the three months ended September 30, 2022 results: net income $37.3 million.
“Net income was $37.3 million, compared to net loss of ($0.2) million for the 2021 period”
Material Agreements
KINGSWAY FINANCIAL SERVICES INC entered into Membership Interest Purchase Agreement with Arthur J. Cohen and Beth Garden, as Trustees of the Cohen Garden Trust, Realized Potential, LLC, and Arthur J. Cohen valued at approximately $8,500,000 (effective 2022-11-01).
“On November 1, 2022, CSuite Acquisition, LLC (the “Kingsway Buyer”), a newly formed subsidiary of Kingsway Financial Services Inc. (the “Company” or “Kingsway”), entered into a Membership Interest Purchase Agreement (the “Agreement”) with Arthur J. Cohen and Beth Garden, as Trustees of the Cohen Garden Trust dated July 13, 2015 (the “Cohen Garden Trust”), Realized Potential, LLC, a Delaware limited liability company (“Realized Potential” and, together with the Cohen Garden Trust, the “Sellers”), and Arthur J. Cohen, in his capacity as the Sellers’ Representative (“Sellers’ Representative”) pursuant to which the Kingsway Buyer acquired all of the outstanding equity interests of CSuite Financial Partners, LLC”
Charles Frischer was appointed as Director at KINGSWAY FINANCIAL SERVICES INC.
“appointed Charles Frischer as a director, increasing the size of the Board from six to seven members.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.