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UAM > SEC Filings for UAM > Form 8-K on 3-Apr-2014All Recent SEC Filings

Show all filings for UNIVERSAL AMERICAN CORP.



Entry into a Material Definitive Agreement, Other Events, Financial Stat

Item 1.01. Entry into a Material Definitive Agreement.

On March 28, 2014, Universal American Corp. (the "Company") entered into a definitive agreement to repurchase 6,000,000 shares of its common stock directly from funds associated with Capital Z Partners Management, LLC (the "Capital Z Investors"). The aggregate purchase price for the shares is $36,180,000 at a price per share of $6.03. The Company will use cash on hand to fund the share repurchase. The closing of the share purchase is subject to customary closing conditions, including applicable regulatory approvals, and is expected to close in the next thirty days. The Share Purchase Agreement is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 8.01. Other Events.

On March 31, 2014, the Company issued a press release relating to the repurchase by the Company of shares of its common stock from the Capital Z Investors. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

2.1 Share Purchase Agreement dated as of March 28, 2014 by and between Universal American Corp. and Capital Z Financial Services Fund II, L.P.

99.1 Press Release dated March 31, 2014

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