Leased Properties.
−Removed: leases space for its principal offices and for some of its insurance operations in an office building located in Atlanta, Georgia under a lease which continues until either party provides written notice of cancellation at least twelve months in
−Removed: advance of the actual termination date.
−Removed: The lease, which commenced on November 1, 2007, provides for rent adjustments on every fifth anniversary of the commencement date.
−Removed: Under the current terms of the lease, the Company occupies approximately
−Removed: 49,586 square feet of office space.
−Removed: In December 2022, Delta Life Insurance Company, the owner of the building, transferred title to the building to 4370 Peachtree LLC.
−Removed: Each of Delta Life Insurance Company and 4370 Peachtree LLC is controlled by
−Removed: an affiliate of the Company.
+Added: The Company leases space for its principal offices and for some of its insurance operations in an office building
+Added: located in Atlanta, Georgia under a lease which continues until either party provides written notice of cancellation at least twelve months in advance of the actual termination date (“Lease Agreement”).
+Added: The lease, which commenced on November 1,
+Added: 2007, provides for rent adjustments on every fifth anniversary of the commencement date.
+Added: Under the current terms of the lease, the Company occupies approximately 49,586 square feet of office space.
+Added: The owner of the building, 4370 Peachtree LLC, is
+Added: controlled by an affiliate of the Company.
+Added: On December 26, 2024, the Company, and its subsidiary, Bankers Fidelity Life Insurance Company, entered into a Second Amendment to Lease Agreement (the “Second Amendment”)
+Added: with 4370 Peachtree LLC.
+Added: The Second Amendment amends the Lease Agreement, dated November 1, 2007, by and among the same parties (as previously amended, the “Lease Agreement”), pursuant to which the Company leases space for its principal offices and
+Added: for some of its insurance operations in an office building located in Atlanta, Georgia.
+Added: Pursuant to the Second Amendment, the Lease Agreement was modified to increase the base rent payable by the Company, beginning January 1, 2025.
+Added: Amendment also provides for rent adjustment on January 1, 2027, January 1, 2030 and each five years thereafter.
American Southern leases space for its office in a building located in Atlanta, Georgia.
The lease term expires September 30, 2026.
−Removed: Under the terms of the lease, American Southern occupies
−Removed: approximately 17,014 square feet.
+Added: Under the terms of the lease, American
+Added: Southern occupies approximately 17,014 square feet.
The Company believes that its current properties are in good condition and are sufficient for the operations of its business.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.