Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Porch Group, Inc. Earnings Release 2021

Mar 31, 2021

31781_rns_2021-03-31_ee7227a0-6a39-4f65-9178-cbf8adaf6275.zip

Earnings Release

Open in viewer

Opens in your device viewer

Field: Rule-Page

Field: /Rule-Page

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 Earliest Event Reported):

March 30, 2021

PORCH GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-39142 83-2587663
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
2200 1st Avenue South , Suite 300
Seattle , Washington 98134
(Address of Principal Executive Offices) (Zip Code)

( 855 ) 767-2400

(Registrant’s telephone number, including area code)

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:

¨ 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))

Securities 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 $0.0001 PRCH The Nasdaq Stock Market LLC
Warrants, each exercisable for one share of common stock at an exercise price of $11.50 per share PRCHW The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company 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 x

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. ¨

Field: Rule-Page

Field: /Rule-Page

Field: Page; Sequence: 1

Field: /Page

Item 2.02. Results of Operations and Financial Condition.

On March 30, 2021, Porch Group, Inc. issued an earnings release and held a conference call regarding its financial results for the quarterly period and year ended December 31, 2020. A copy of the earnings release is furnished as Exhibit 99.1 hereto and a copy of the slide presentation used during such conference call is furnished as Exhibit 99.2 hereto.

The information contained in Item 2.02 of this Current Report on Form 8-K (including Exhibits 99.1 and 99.2 hereto) is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No. Description
99.1* Press Release issued by Porch Group, Inc. dated March 30, 2021.
99.2* Investor Presentation dated March 30, 2021.
104 Cover Page Interactive Data File (formatted as Inline XBRL).
* This Exhibit is furnished
herewith and will not be deemed “filed” for purposes of Section 18 of the Exchange Act or deemed to be incorporated by reference
into any filing under the Securities Act or the Exchange Act except as otherwise expressly stated herein.

Field: Page; Sequence: 2

Field: /Page

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.

/s/ Martin L. Heimbigner
Name: Martin L. Heimbigner
Title: Chief Financial Officer

Date: March 31, 2021

Field: Page; Sequence: 3; Options: Last

Field: /Page