Date of Report (Date of earliest event reported): August 12, 2004
(Exact name of registrant as specified in its charter)
| Pennsylvania | 001-14681 | 23-1664166 |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Item 7. Financial Statement and Exhibits
( c). Exhibits
99.1 Press Release of Penn Treaty American Corporation dated August 12, 2004.>
Item 12. Results of Operations and Financial Condition
On August 12, 2004, Penn Treaty American Corporation (the “Company”) announced its second quarter financial results for the period ended June 30, 2004. The Company issued a press release, dated August 12, 2004, which is furnished as an exhibit hereto.
The press release referred to fully converted book value, which is a non-GAAP financial measure. The press release included a reconciliation of fully converted book value to GAAP book value. The Company believes that the presentation and discussion of this non-GAAP number, which is consistent with past disclosure, in conjunction with disclosure of all reconciling differences, provides a better understanding of the Company’s current value in light of future items which we believe are likely to be significantly dilutive to current shareholders.
The information in this Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PENN TREATY AMERICAN CORPORATION | ||
|---|---|---|
| August 12, 2004 | By: /s/ Mark Cloutier | |
| Mark Cloutier | ||
| Chief Financial Officer |
Number Exhibits
| 99.1 | Press Release of Penn Treaty American Corporation dated August 12, 2004 |