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): December 15, 2008

 

Penn Treaty American Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Registrant’s telephone number, including area code: (610) 965-2222

 

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:

 

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))

 

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Item 8.01      Other Events.

 

On December 15, 2008, Penn Treaty American Corporation (the “Company”) entered into a non-binding letter of intent to sell a majority interest in one of the Company’s insurance subsidiaries, American Network Insurance Company (the “Proposed Transaction”). The Proposed Transaction would also include the sale of substantially all of the Company’s long-term care insurance policies issued after December 31, 2001. The Proposed Transaction remains subject to numerous conditions, including the completion of due diligence by the purchaser and entry into a definitive agreement. Approval of the Pennsylvania Insurance Department will be required in connection with this Proposed Transaction.

A press release announcing the execution of the non-binding letter of intent is attached hereto as Exhibit 99.1.

 

 

 

 

 

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SIGNATURES

 

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 hereunto duly authorized.

 

PENN TREATY AMERICAN CORPORATION

 

 

 

 

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