SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
of Report (Date of earliest event reported): January 19, 2021
Unico American Corporation
(Exact Name of Registrant as Specified
in its Charter)
(State or Other Jurisdiction of Incorporation)
|(Commission File Number)
||(IRS Employer Identification No.)|
|26050 Mureau Road
|(Address of Principal Executive Offices)
(Registrant's Telephone Number, Including
(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 (see
General Instruction A.2. below):
|_| 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))
Securities registered pursuant
to Section 12(b) of the Act:
|Title of each class||
||Name of each exchange on which registered|
|Common Stock, No Par Value||
||Nasdaq Global Market|
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company |_|
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. |_|
Item 1.01. Entry into a Material Definitive Agreement.
On January 19, 2021, Unico American Corporation
(the “Company”), through its subsidiary Crusader Insurance Company, entered into a Standard Multi-Tenant Office Lease
– Net (the “Lease”) with Mureau Road, LLC (the “Landlord”), a subsidiary of Alliant Capital, Ltd.
(“Alliant”), in connection with the previously announced sale of the Company’s headquarters located 26050 Mureau
Road, Calabasas, California 91302 (the “Property”) by the Company to Alliant.
Crusader Insurance Company will lease approximately
25,317 rentable square feet at the Property (the “Premises”) pursuant to the Lease. The Premises will continue to operate
as the Company’s headquarters.
The term of the Lease commences upon the later
to occur of (1) February 1, 2021, or (2) the close of escrow between Alliant and the Company with respect to the sale of the Property
(the “Lease Commencement Date”), and the lease term expires on January 31, 2022. Rent on the Premises will commence
on the Lease Commencement Date at a rate of $56,963.25 per month. In addition, during the term of the Lease, the Company will pay,
on an annual basis, a portion of certain operating expenses incurred by the Landlord, as well as a security deposit equal to $56,963.25.
The foregoing summary of the Lease does not
purport to be complete and is qualified in its entirety by reference to the full text of the Lease, a copy of which will be filed
as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020.
Item 2.03. Creation of a Direct Financial
Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 is incorporated by
reference into this Item 2.03.
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: January 25, 2021
By: /s/ Michael Budnitsky
Name: Michael Budnitsky
Title: Treasurer, Chief Financial
Officer and Secretary