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FNHC > SEC Filings for FNHC > Form 8-K on 20-Nov-2013All Recent SEC Filings




Entry into a Material Definitive Agreement, Other Events, Financial

Item 1.01 Entry into a Material Definitive Agreement.

On November 19, 2013, Federated National Holding Company (the "Company") entered into an underwriting agreement with Raymond James & Associates, Inc., as representative of the underwriters that are parties thereto (the "Underwriting Agreement"), pursuant to which the Company agreed to sell, and the underwriters agreed to purchase, 2,418,605 shares of the Company's common stock at a price to the public of $10.75 per share and an underwriting discount of $.645 per share, resulting in net proceeds to the Company before offering expenses of $10.105 per share, or approximately $24.4 million in aggregate net proceeds to the Company before estimated offering expenses. The Company is using the net proceeds from the offering for general working capital purposes, including as statutory capital in support of the Company's growth.

The foregoing description of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1, and is incorporated by reference herein.

Item 8.01 Other Events.

On November 20, 2013, the Company issued a press release announcing the pricing of its common stock offering described above. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.
1.1 Underwriting Agreement between Federated National Holding Company and Raymond James & Associates, Inc. and the other underwriters signatory thereto, dated November 19, 2013
5.1 Opinion of Broad and Cassel
23.1 Consent of Broad and Cassel (included as part of Exhibit 5.1)
99.1 Federated National Holding Company Press Release dated November 20, 2013.

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