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EX-99.1 - 1347 PROPERTY INSURANCE HOLDINGS ANNOUNCES STOCK REPURCHASE PROGRAM - FG Financial Group, Inc.p88627_x99.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 1, 2014

 

 

1347 PROPERTY INSURANCE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

         
Delaware   001-36366   46-1119100

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

1511 N. Westshore Blvd., Suite 870, Tampa, FL 33607

(Address of principal executive offices, including Zip Code)

(855) 862-0436

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 
 

 

Item 8.01 Other Events.

 

On December 1, 2014, 1347 Property Insurance Holdings, Inc. (the “Company”) announced that its Board of Directors has approved a share repurchase program of up to 500,000 shares of common stock. Over the next 12 months, the repurchases will be made from time to time in open market transactions, privately-negotiated transactions, block purchases, or otherwise in accordance with Federal securities laws at the discretion of the Company’s management. The Company’s decisions around the timing, volume, and nature of share repurchases will be dependent on market conditions, applicable securities laws, and other factors. The share repurchase program and the Board's authorization of the program may be modified, suspended, or discontinued at any time.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Description
99.1 Press release dated December 1, 2014.

 

 

 
 

 

 

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: December 2, 2014

 

     
1347 PROPERTY INSURANCE HOLDINGS, INC.
   
By:  

/s/ Douglas N. Raucy

    Douglas N. Raucy
    President and Chief Executive Officer
       

 

 
 

 

INDEX TO EXHIBITS

 

 

Exhibit Description
99.1    Press release dated December 1, 2014.