UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry Into a Material Definitive Agreement.
The information included or incorporated by reference in Item 2.03 of this Current Report relating to the increase of the size of the revolving credit agreement of Standard Premium Finance Holdings, Inc. (the “Company”) is incorporated by reference into this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On May 21, 2025 the Company entered into an amendment of its loan agreement with First Horizon Bank which increased the size of its revolving credit facility to $50 million from $45 million.
Item 8.01 Other Events.
On May 27, 2025 Standard Premium Finance Holdings, Inc. (the “Company”) issued a news release announcing that the Board of Directors of the Company approved a stock repurchase program allowing the Company to repurchase up to $250,000 of the outstanding shares of the Company’s common stock in privately negotiated transactions through November 2, 2025.
The Company cannot predict when or if it will repurchase any shares of its common stock pursuant to the repurchase program. All such repurchases will be at the discretion of management. Information regarding share repurchases will be reported by the Company in its periodic reports on Form 10-Q and Form 10-K filed with the Securities and Exchange Commission.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 | ||
| 99.1 | News release dated May 27, 2025 announcing approval of a common stock repurchase program. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
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.
| STANDARD PREMIUM FINANCE HOLDINGS, INC. | ||
| Dated: May 28, 2025 | By: | /s/ William J. Koppelmann |
| William J. Koppelmann Chairman and Chief Executive Officer | ||