MAIDEN HOLDINGS, LTD. (NASDAQ:MHLD) Files An 8-K Other Events
Item 8.01
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Other Events.
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disclosing that it has delayed the filing of its Annual Report on
Form 10-K for the year ended December 31, 2016. The full text of
the press release is attached as Exhibit 99.1 to this Current
Report on Form 8-K and is incorporated herein by reference.
information set forth in Exhibit 99.1, shall not be deemed
“filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), or incorporated
by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such filing.
and incorporated by reference herein as Exhibit 99.1.
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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Date:
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March 1, 2017
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MAIDEN HOLDINGS, LTD.
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By:
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/s/ Lawrence F. Metz
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Lawrence F. Metz
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Executive Vice President, General Counsel and
Secretary
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Final Audit Procedures; No Material Weaknesses in Internal Controls
Identified
or the Company) (NASDAQ: MHLD) announced today that it has delayed
the filing of its Annual Report on Form 10-K for the year ended
December 31, 2016. The audit is substantially completed and is
expected to be finalized shortly. The Company plans to file a Form
12b-25 with the Securities and Exchange Commission. This filing
will give the Company an additional 15 day period in which to
submit its Form 10-K and still be deemed a timely filer, but the
Company anticipates filing its Form 10-K within a matter of days.
in Maidens internal controls and the Company does not expect to
disclose any such weaknesses in its Form 10-K when filed, and
further the Company does not anticipate any changes from the
results reported in its earnings release published on February 27,
2017.
2007. Through its subsidiaries, which are each A rated (excellent)
by A.M. Best, the Company is focused on providing non-catastrophic,
customized reinsurance products and services to small and mid-size
insurance companies in the United States and Europe. As of December
31, 2016, Maiden had $6.3 billion in assets and shareholders’
equity of $1.4 billion.
About MAIDEN HOLDINGS, LTD. (NASDAQ:MHLD)
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company is focused on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. Maiden operates through two segments: Diversified Reinsurance and AmTrust Reinsurance. It specializes in reinsurance solutions that optimize financing and risk management by providing coverage within the predictable and actuarially credible lower layers of coverage and/or reinsuring risks that are believed to be lower hazard, more predictable and generally not susceptible to catastrophe claims. The Company provides reinsurance through its wholly owned subsidiaries, Maiden Reinsurance Ltd. (Maiden Bermuda) and Maiden Reinsurance North America, Inc. (Maiden US). It provides insurance sales and distribution services through Maiden Global Holdings, Ltd. (Maiden Global) and its subsidiaries. MAIDEN HOLDINGS, LTD. (NASDAQ:MHLD) Recent Trading Information
MAIDEN HOLDINGS, LTD. (NASDAQ:MHLD) closed its last trading session up +0.60 at 16.05 with 891,155 shares trading hands.
