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): March 22, 2021

 

Midwest Holding Inc.

(Exact name of registrant as specified in its charter)

 

DELAWARE

(State or other jurisdiction

 

000-10685

(Commission File Number)

 

20-0362426

(IRS Employer Identification No.)

of incorporation)        

 

2900 South 70th Street, Suite 400

Lincoln, Nebraska 68506
(Address of principal executive offices) (Zip Code)

 

(402) 489-8266

(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 (see General Instruction A.2. below):\

 

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

 

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

 

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

 

o 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 Trading Symbol(s) Name of each exchange on which registered
Voting Common Stock, $0.001 par value MDWT NADSAQ Stock Market LLC

 

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 8.01  Other Events.

 

On March 22, 2021, Midwest Holding Inc. (the “Company”) issued a press release announcing that it has been added to the Russell 2000® Index. A copy of this press release is attached as Exhibit 99.1 hereto. The reader is advised to read this press release in its entirety.

 

The information in this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)  Exhibits .

 

The following exhibit is filed herewith:

 

Exhibit  
No.   Description
99.1   Press Release dated March 22, 2021.

 

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.

 

Dated: March 22, 2021.

 

  MIDWEST HOLDING INC.
   
  By: /s/ Mark A. Oliver
  Name: Mark A. Oliver
  Title: President

 

  2  

 

 

Exhibit 99.1

 

Midwest Holding Inc. Joins Russell 2000® Index

 

LINCOLN, Neb., March 22, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest”) (NASDAQ “MDWT”), a rapidly growing, technology-enabled, services-oriented annuity platform, announced that it has been added to the Russell 2000® Index as a part of the index’s quarterly initial public offering (IPO) additions.

 

"Joining the Russell 2000® Index is a meaningful achievement for Midwest and one which we hope will increase overall awareness and exposure to investors," said Michael Salem, Co-CEO of Midwest Holding.  "Our inclusion reflects the direction that Midwest is headed as we continue to grow and deliver value for our stakeholders.”

 

Russell Indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

 

For more information on the FTSE Russell 2000 Index IPO additions, please visit the IPO additions section of FTSE Russell website.

 

About Midwest Holding Inc.

 

Midwest Holding Inc. is a rapidly growing, technology-enabled, services-oriented annuity platform. Midwest designs and develops in-demand annuity products that are distributed through independent distribution channels, to a large and growing demographic of U.S. retirees. Midwest originates, manages and transfers these annuities through reinsurance arrangements to asset managers and other third-party investors, who are actively seeking these financially attractive products. Midwest also provides the operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form, capitalize and manage their own reinsurance capital vehicles.

 

   

 

 

Forward-looking Statements

 

This press release contains forward-looking statements within the meaning of the Securities and Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions, including those relating to the global COVID-19 pandemic and associated potential impacts on the Company and its financial condition and results of operations.  Because of these uncertainties and the assumptions on which the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein and include whether our inclusion in the Russell 2000 Index represents a meaningful achievement that will create awareness and exposure to investors.  Readers are cautioned against placing undue reliance on any such forward-looking statements.  For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company's filings with the SEC, which can be obtained online at the website of the U.S. Securities and Exchange Commission at http://www.sec.gov. Except as required by law, the Company does not undertake to update forward-looking statements contained in this release.

 

Contacts

 

For more information, please visit www.midwestholding.com

 

Investor contact: ir@midwestholding.com

 

Media inquiries: press@midwestholding.com

 

SOURCE Midwest Holding Inc.