KINGSTONE COMPANIES, INC. (NASDAQ:KINS) Files An 8-K Results of Operations and Financial Condition

On August 6, 2020 Kingstone Companies, Inc. (the “Company”) issued a press release (the “Press Release”) announcing its financial results for the fiscal period ended June 30, 2020. The Press Release also announced that the Company’s Board of Directors has declared a $0.04 per share quarterly dividend payable on September 15, 2020 to stockholders of record at the close of business on August 31, 2020. A copy of the Press Release is furnished as Exhibit 99.1 hereto.

On August 5, 2020, the Company held its Annual Meeting of Stockholders (the “Annual Meeting”). The following is a listing of the votes cast for or withheld, and the number of broker non-votes, with respect to each nominee for director and a listing of the votes cast for and against, as well as abstentions, with respect to the other matters voted upon at the Annual Meeting. The Company’s stockholders elected each of the nominees as a director, ratified the selection of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020, approved amendments to the Company’s 2014 Equity Participation Plan (the “Plan”), including an increase in the number of shares of common stock authorized to be issued to the Plan from 700,000 to 1,400,000, and approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers.

2. Ratification of the selection of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020:

3. Approval of amendments to the Company’s 2014 Equity Participation Plan (the “Plan”), including to increase the number of shares of common stock authorized to be issued to the Plan from 700,000 to 1,400,000:

The information furnished with this Item 7.01, including Exhibit 99.2, shall not be deemed as “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act, or the Exchange Act, except as expressly set forth by specific reference in such filing.

(d) Exhibits.

KINGSTONE COMPANIES, INC. Exhibit
EX-99.1 2 ex99_1.htm PRESS RELEASE DATED AUGUST 6,…
To view the full exhibit click here

About KINGSTONE COMPANIES, INC. (NASDAQ:KINS)

Kingstone Companies, Inc. offers property and casualty insurance products to small businesses and individuals in New York State. The Company offers these products through its subsidiary, Kingstone Insurance Company (KICO). KICO is a licensed property and casualty insurance company. The Company operates through property and casualty insurances segment, which offers a range of property and casualty policies to its producers. The Company underwrites its business utilizing the CLUE industry claims database, insurance scoring reports, physical inspection of risks and other individual risk underwriting tools. It writes homeowners and dwelling fire business in New York City and Long Island. The Company’s product lines include personal lines, commercial liability, commercial automobile, livery physical damage and other. Its personal lines consist of homeowners, dwelling fire, renters, equipment breakdown and service line endorsements and personal umbrella policies.