SECURITIES AND EXCHANGE COMMISSION
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): June 30, 2004
ASSURANCEAMERICA CORPORATION
Nevada | 0-06334 | 87-0281240 | ||
(State or other jurisdiction of incorporation or organization |
(Commission File No.) | (IRS Employer Identification No.) |
RiverEdge One
Suite 600
5500 Interstate North Parkway
Atlanta, Georgia 30328
(770) 933-8911
N/A
Item 5. Other Events | ||||||||
SIGNATURE |
Item 5. Other Events
On June 30, 2004, AssuranceAmerica Corporation (the Company) entered into a Stock Purchase Agreement (the Stock Purchase Agreement) with Heritage Assurance Partners, L.P. (Heritage) and issued Heritage 240,000 shares of the Companys Series A Convertible Preferred Stock for a total investment of $1.2 million. Pursuant to the terms of the Stock Purchase Agreement, on August 13, 2004, the Company issued Heritage an additional 186,000 shares of the Companys Series A Convertible Preferred Stock for a total investment of $930,000. Each share of Series A Convertible Preferred Stock is currently convertible into ten shares of common stock. The total number of shares purchased by Heritage pursuant to the Stock Purchase Agreement represents approximately 8.6% of the Companys outstanding capital stock on an as-converted-to-common stock basis. In connection with Heritages investment, the Company appointed Sam Zamarripa, a partner with Heritage Capital Advisors, an affiliate of Heritage, to the Companys Board of Directors to fill a vacancy.
SIGNATURE
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.
ASSURANCEAMERICA CORPORATION |
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Date: August 13, 2004 | /s/ Robert J. Cormican |
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Robert J. Cormican | ||||
Senior Vice President and Chief Financial Officer | ||||