Primerica, Inc. Files 8-K Report

TL;DR

Primerica filed an 8-K on Aug 30, 2024, standard corporate update.

AI Summary

On August 30, 2024, Primerica, Inc. filed an 8-K report. The filing primarily concerns "Other Events" and does not detail specific financial transactions or significant corporate actions beyond its routine reporting status. The report confirms Primerica, Inc.'s principal executive offices are located at 1 Primerica Parkway, Duluth, Georgia.

Why It Matters

This 8-K filing serves as a notification to the SEC and investors about significant events or changes within Primerica, Inc., ensuring transparency in corporate actions.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report and does not disclose any new material risks or significant negative events.

Key Players & Entities

• Primerica, Inc. (company) — Registrant
• 1 Primerica Parkway, Duluth, Georgia 30099 (location) — Principal Executive Offices
• August 30, 2024 (date) — Date of Report

FAQ

Filing Documents

• pri-20240830.htm (8-K) — 47KB
• img186809291_0.jpg (GRAPHIC) — 13KB
• 0000950170-24-102315.txt ( ) — 198KB
• pri-20240830.xsd (EX-101.SCH) — 29KB
• pri-20240830_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On July 16, 2024, Primerica, Inc. (the "Company") filed a Current Report on Form 8-K reporting, among other things, that the Company's Board of Directors authorized management to abandon the Company's indirect ownership of e-TeleQuote Insurance, Inc. ("ETQ") by no later than September 30, 2024. ETQ is the Company's wholly owned subsidiary which operates the Company's senior health business. On August 30, 2024, ETQ and an independent, third-party investor ("New Investor") executed a subscription agreement pursuant to which ETQ will sell to the New Investor newly issued shares of ETQ's common stock representing approximately 18.9% of ETQ's outstanding common stock on a post-sale basis (the "Shares"). The sale of the Shares is subject to customary terms and conditions set forth in the subscription agreement and is scheduled to close on September 30, 2024 (the "Closing"). It will be effective at the end of the day. Immediately following the effective time of the Closing, the Company will irrevocably permanently surrender and relinquish all rights in ETQ without receipt of consideration. As a result, ETQ will be wholly owned by the New Investor and the Company will have no ongoing obligations or responsibilities with respect to ETQ or its business. The offer and sale of the Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state or foreign securities laws. ETQ issued the Shares in reliance on the exemption from registration provided for under Rule 506(c) of Regulation D ("Regulation D") promulgated under Section 4(a)(2) of the Securities Act. ETQ relied on this exemption from registration for private placements based in part on the representations made by the New Investor, including representations with respect to the New Investor's status as an accredited investor, as such term is defined in Rule 501(a) of the Securities Act, and the New Investor's investment intent. The issuance i

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 30, 2024 PRIMERICA, INC. /s/ Stacey K. Geer Stacey K. Geer Executive Vice President and Chief Governance and Risk Officer

View Full Filing

View this 8-K filing on SEC EDGAR