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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) November 12, 1996
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(November 8, 1996)
ATLANTIC AMERICAN CORPORATION
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(Exact name of registrant as specified in its charter)
Georgia 0-3722 58-1027114
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation
4370 PEACHTREE ROAD, N.E., ATLANTA, GEORGIA 30319
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (404) 266-5500
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None
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(Former name, former address and former fiscal year, if changed since last
report)
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Item 5. Other Events.
On November 8, 1996, Atlantic American Corporation (the "Company") announced
corrections to its calculation of net income from continuing operations per
share for the second and third quarters of 1996. The corrections were necessary
in order to give effect to accruals for dividends on the Company's outstanding
preferred stock that were omitted in the previously announced earnings per share
computations. As a result, net income from continuing operations for the three
and nine month periods ended September 30, 1996, should have been $.09 and $.25
per share (rather than $.11 and $.31 per share), respectively. In addition,
giving effect to the accruals for the three and six month periods ended June 30,
1996, net income from continuing operations should have been $.08 and $.16 per
share (rather than $.10 and $.20 per share), respectively.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of business acquired.
Not Applicable.
(b) Pro forma financial information.
Not Applicable.
(c) Exhibits
99.1 -- Press Release issued November 8, 1996.
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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 thereunto duly authorized.
ATLANTIC AMERICAN CORPORATION
(Registrant)
Date: November 12, 1996 By:/s/
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John W. Hancock
Senior Vice President-Treasurer
(Principal Financial Officer)
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