8-K

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 29, 2022

AMERISAFE, INC.

(Exact Name of Registrant as Specified in its Charter)

Texas	001-12251	75-2069407
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2301 Highway 190 West

DeRidder, Louisiana 70634

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (337) 463-9052

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 (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	AMSF	Nasdaq Stock Market LLC

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 29, 2022, Millard E. Morris, a member of the Board of Directors of AMERISAFE, Inc. (“AMERISAFE” or the “Company”), advised the Board of Directors that he would retire as a member of the Board effective December 31, 2022.

Mr. Morris, age 78, has served as a director of AMERISAFE from 1985 until 2005. He rejoined the board in June 2007.

Effective with Mr. Morris’s retirement, the Company’s Board of Directors has reduced the size of the Board from nine members to eight members.

Item 7.01. Regulation FD Disclosure.

On January 5, 2023, the Company issued a press release announcing Mr. Morris’s retirement as a director of AMERISAFE.

A copy of the Company’s press release, dated January 5, 2023, is furnished as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
99.1	Press release, dated January 5, 2023
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.

AMERISAFE, INC.
By:	/s/ Kathryn H. Shirley
	Kathryn H. Shirley
	Executive Vice President,
	Chief Administrative Officer and Secretary

Date: January 5, 2023

EX-99.1

Exhibit 99.1

AMERISAFE ANNOUNCES THE RETIREMENT OF

DIRECTOR AND FOUNDER MILLARD MORRIS

DeRidder, LA — January 5, 2023 – AMERISAFE, Inc. (Nasdaq: AMSF) a specialty provider of hazardous workers’ compensation insurance, today announced that Millard Morris retired from AMERISAFE’s Board of Directors effective December 31, 2022.

Mr. Morris founded the Company in 1985. He was the Company’s Chairman, Chief Executive Officer and principal shareholder until a majority interest in the Company was sold to a private investment group in 1997. Following that sale, he continued to serve as a director of the Company until immediately prior to the Company’s initial public offering in 2005. In 2007, Mr. Morris was asked to rejoin the Board. At the time of his retirement, Mr. Morris served as the Chair of the Risk Committee. His experience as the founder of the Company and his long-term service as a director provided him with unique knowledge of the opportunities and challenges of the workers compensation insurance industry.

“It has been an honor and privilege to serve on the Board of AMERISAFE. A Board that is composed of very smart and dedicated members. In addition, I would like to thank the outstanding CEO’s that have guided the Company during my tenure on the Board: Mark Anderson, Allen Bradley and Janelle Frost. I know that the Company is in good hands and will continue to excel as it has in the past,” Millard Morris said.

Jared Morris, the Company’s Chairman, said “My Dad and I have served on the board together since 2007. As the founder of the Company, his experience and perspective have been an invaluable resource to the Company. On behalf of the Board, we would like to thank him for his vision in starting the Company and for his many years of service to AMERISAFE.”

Janelle Frost, AMERISAFE’s President and Chief Executive Officer, said “On behalf of our employees, I also want to thank Millard for his vision for and support of AMERISAFE from its creation to the company it is today. We are grateful for his leadership and service to the Company and our community.”

About AMERISAFE

AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture and manufacturing. AMERISAFE actively markets workers’ compensation insurance in 27 states.

XML

Document and Entity Information	Dec. 29, 2022
Cover [Abstract]
Entity Registrant Name	AMERISAFE INC
Amendment Flag	false
Entity Central Index Key	0001018979
Document Type	8-K
Document Period End Date	Dec. 29, 2022
Entity Incorporation State Country Code	TX
Entity File Number	001-12251
Entity Tax Identification Number	75-2069407
Entity Address, Address Line One	2301 Highway 190 West
Entity Address, City or Town	DeRidder
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	70634
City Area Code	(337)
Local Phone Number	463-9052
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Security 12b Title	Common Stock, par value $0.01 per share
Trading Symbol	AMSF
Security Exchange Name	NASDAQ