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

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KINGSTONE COMPANIES, INC. (NASDAQ:KINS) Files An 8-K Results of Operations and Financial Condition
Item 2.02.

Results of Operations and Financial Condition.

On August 10, 2017, Kingstone Companies, Inc. (the "Company") issued a press release (the "Earnings Press Release") announcing its financial results for the fiscal period ended June 30, 2017.The Earnings Press Release also announced that the Company's Board of Directors has declared a $.08 per share quarterly dividend payable on September 15, 2017 to stockholders of record as of the close of business on August 31, 2017.A copy of the Earnings Press Release is furnished as Exhibit 99.1 hereto.

The information in the Earnings Press Release is being furnished, not filed, to this Item 2.02. Accordingly, the information in the Earnings Press Release will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this Report with respect to the Earnings Press Release is not intended to, and does not, constitute a determination or admission by the Company that the information in this Report with respect to the Earnings Press Release is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d)Effective August 9, 2017, Dale Thatcher was elected a director of the Company. Mr. Thatcher was appointed as Co-Chair of the Insurance and Finance Committee of the Board of Directors of the Company as well as a member of the Audit Committee and the Nominating and Corporate Governance Committee. He was also appointed as Chair of the Investment Committee of the Board of Directors of Kingstone Insurance Company, the Company's wholly-owned subsidiary, as well as a member of its Audit and Actuarial Committee and Finance Committee.

Item 5.07.

Submission of Matters to a Vote of Security Holders.

On August 9, 2017, 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 matter voted upon at the Annual Meeting. The Company's stockholders elected each of the nominees as a director and ratified the selection of Marcum LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2017.

1.

Election of Board of Directors:

Number of Shares

For

Withheld

Broker Non-Votes

Barry B. Goldstein

5,572,875

383,122

2,744,818

Jay M. Haft

3,611,410

2,344,587

2,744,818

Floyd R. Tupper

5,669,175

286,822

2,744,818

William L. Yankus

5,668,760

287,237

2,744,818

Carla A. D'Andre

5,668,175

287,822

2,744,818

2.Ratification of the selection of Marcum LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2017:

For

8,538,241

Against

45,709

Abstentions

116,865

Item 7.01

Regulation FD Disclosure.

On August 9, 2017, the Company issued a press release (the "New Director/Annual Meeting Press Release") announcing Mr. Thatcher's election as a director and the actions taken at the Annual Meeting. A copy of the New Director/Annual Meeting Press Release is furnished as Exhibit 99.2 hereto.

The information in the New Director/Annual Meeting Press Release is being furnished, not filed, to this Item 7.01. Accordingly, the information in the New Director/Annual Meeting Press Release will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this Report with respect to the New Director/Annual Meeting Press Release is not intended to, and does not, constitute a determination or admission by the Company that the information in this Report with respect to the New Director/Annual Meeting Press Release is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.

Item 9.01

Financial Statements and Exhibits.

(d)Exhibits.

99.1Press release, dated August 10, 2017, issued by Kingstone Companies, Inc. with regard to the Company's second quarter results.

99.2Press release, dated August 9, 2017, issued by Kingstone Companies, Inc. with regard to the election of Dale Thatcher as a director and the Annual Meeting.


KINGSTONE COMPANIES, INC. Exhibit
EX-99.1 2 ex99_1.htm PRESS RELEASE DTD AUGUST 10,…
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.

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