AmTrust Financial Services
Amtrust Financial Services, Inc. (Form: SC 13D/A, Received: 01/22/2018 06:12:39)

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 14)

AmTrust Financial Services, Inc.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

032359309

(CUSIP Number)

Barry D. Zyskind

AmTrust Financial Services, Inc.

59 Maiden Lane, 43 rd Floor

New York, NY 10038

(212) 220-7120

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 22, 2018

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.  ☐

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

(Continued on following pages)

(Page 1 of 6 Pages)

 

 


CUSIP No. 032359309   13D   Page 2 of 6 Pages

 

  1   

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Barry D. Zyskind

 

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  

(a)  ☒

(b)  ☐

 

  3  

SEC USE ONLY

 

    

    
  4  

SOURCE OF FUNDS

 

PF

    
  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO

ITEM 2(d) or 2(e)

 

  
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

    
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH    

SOLE VOTING POWER

          17,252,013

 

  8  

SHARED VOTING POWER

          27,524,562

 

  9  

SOLE DISPOSITIVE POWER

          17,352,013

 

  10  

SHARED DISPOSITIVE POWER

          27,524,562

 

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

44,776,575

 

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

22.8%

 

    
14  

TYPE OF REPORTING PERSON

 

IN

    

 


CUSIP No. 032359309   13D   Page 3 of 6 Pages

 

  1   

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

George Karfunkel

 

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  

(a)  ☒

(b)  ☐

 

  3  

SEC USE ONLY

 

    
  4  

SOURCE OF FUNDS

 

PF

    
  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO

ITEM 2(d) or 2(e)

 

  
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

 

   

SOLE VOTING POWER

          32,438,408

 

  8  

SHARED VOTING POWER

                  0

 

  9  

SOLE DISPOSITIVE POWER

          32,438,408

 

  10  

SHARED DISPOSITIVE POWER

                  0

 

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

32,438,408

 

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

16.5%

 

    
14  

TYPE OF REPORTING PERSON

 

IN

    


 

CUSIP No. 032359309   13D   Page 4 of 6 Pages

 

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 

Leah Karfunkel

 

    
2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  

(a)  ☒                

(b)  ☐                

3  

SEC USE ONLY

 

    
4  

SOURCE OF FUNDS

 

PF

    
5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO

ITEM 2(d) or 2(e)

 

  
6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

     7    

SOLE VOTING POWER

            6,596,463

    
     8   

SHARED VOTING POWER

            15,504,562

    
     9   

SOLE DISPOSITIVE POWER

            6,596,463

    
     10                   

SHARED DISPOSITIVE POWER

            15,504,562

 

    
11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

22,101,025

    
12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

11.3%

    
14  

TYPE OF REPORTING PERSON

 

IN

    


CUSIP No. 032359309

   13D   Page 5 of 6 Pages

 

Explanatory Note

This Amendment No. 14 to Schedule 13D (“Amendment No. 14”) amends Amendment No. 13 to Schedule 13D (“Amendment No. 13”), which was filed with the Securities and Exchange Commission (the “SEC”) on January 10, 2018 and amended Amendment No. 12 to Schedule 13D (“Amendment No. 12”), which was filed with the SEC on December 7, 2017 and amended and restated in its entirety the Schedule 13D and amendments thereto filed by Barry D. Zyskind, George Karfunkel and Leah Karfunkel (collectively, the “Group”), with respect to the common stock, $0.01 par value per share (the “Shares”), of AmTrust Financial Services, Inc., a Delaware corporation (the “Issuer”).

This Amendment No. 14 is filed solely for the purpose of providing the additional disclosure set forth in Item 4 below. Except as set forth below, all previous Items and disclosure set forth in Amendment No. 12, as amended by Amendment No. 13, are unchanged.

 

Item 4. Purpose of Transaction

Item 4 of Schedule 13D is amended by inserting the following at the end of the fourth paragraph of Item 4 in Amendment No. 13:

“The proposal contemplates that each series of the Issuer’s preferred stock will remain outstanding following completion of the proposed transaction in accordance with its terms. In addition, it is the Group’s current intention that, following completion of the proposed transaction, each series of the Issuer’s preferred stock will continue to be listed on the New York Stock Exchange, the Issuer will continue to file reports with the SEC and the Issuer will continue to pay dividends on each series of preferred stock on a current basis. In the future, the Issuer may take any action that is permitted by the terms of each series of preferred stock.”

 


CUSIP No. 032359309

   13D   Page 6 of 6 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

January 22, 2018

 

/s/ Barry D. Zyskind

Barry D. Zyskind

/s/ George Karfunkel

George Karfunkel

/s/ Leah Karfunkel

Leah Karfunkel