# EDGAR Filing Document

**Accession Number:** 0001018979
**File Stem:** 0001193125-25-138449
**Filing Date:** 2025-6
**Character Count:** 26534
**Document Hash:** ba45d5e5e490332d853d1f7fb2fa7850
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-138449.hdr.sgml**: 20250610

**ACCESSION NUMBER**: 0001193125-25-138449

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20250610

**DATE AS OF CHANGE**: 20250610

**EFFECTIVENESS DATE**: 20250610

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERISAFE INC
- **CENTRAL INDEX KEY:** 0001018979
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 752069407
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287914
- **FILM NUMBER:** 251037120

**BUSINESS ADDRESS:**
- **STREET 1:** 2301 HIGHWAY 190 WEST
- **CITY:** DERIDDER
- **STATE:** LA
- **ZIP:** 70634
- **BUSINESS PHONE:** 337-463-9052

**MAIL ADDRESS:**
- **STREET 1:** 2301 HIGHWAY 190 WEST
- **CITY:** DERIDDER
- **STATE:** LA
- **ZIP:** 70634

**As filed with the Securities and Exchange Commission on June 10, 2025** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, DC 20549** 

**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## AMERISAFE, INC.
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Texas** | **75-2069407** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**2301 Highway 190 West** 

**DeRidder, Louisiana 70634** 

**(Address, including zip code, of registrant's principal executive offices)** 

**Non-Employee Director Restricted Stock Plan, as amended and restated** 

**(Full title of Plan)** 

**Kathryn H. Shirley** 

**Executive Vice President, Chief Administrative Officer and Secretary** 

**2301 Highway 190 West** 

**DeRidder, Louisiana 70634** 

**(337) 463-9052** 

**(Name, address, including zip code, and telephone number, including area code, of agent for service)** 

***With a copy to:***

**Kelly C. Simoneaux** 

**Alexandra C. Layfield** 

**Jones Walker LLP** 

**201 St. Charles Avenue, Suite 5100** 

**New Orleans, LA 70170-5100** 

**(504) 582-8000** 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large Accelerated Filer | ☒ | Accelerated Filer | ☐ |
| Non-Accelerated Filer | ☐ | Smaller Reporting Company | ☐ |
|  |  | 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 7(a)(2)(B) of the Securities Act. ☐

------

**EXPLANATORY NOTE** 

AMERISAFE, Inc. (the "Company" or the "registrant") is filing this Registration Statement on Form S-8 (this "Registration Statement") to register 50,000 additional shares of its Common Stock, par value $0.01 per share (the "Common Stock"), for issuance under the Company's Non-Employee Director Restricted Stock Plan, as amended and restated effective June 6, 2025, which are securities of the same class and relate to the same benefit plan as those shares of Common Stock registered on the Company's registration statements on Forms S-8, filed with the Securities and Exchange Commission (the "SEC") on August 3, 2018 (Registration No. 333-226584), November 5, 2010 (Registration No. 333-170392) and November 29, 2005 (Registration No. 333-129980), each of which is incorporated by reference into this Registration Statement in accordance with General Instruction E to Form S-8, except to the extent modified by this Registration Statement.

**PART I** 

**INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS** 

Documents containing the information required by Part I of this Registration Statement will be sent or given to participants in the Plan in accordance with Rule 428(b)(1) of the Securities Act of 1933, as amended (the "<u>Securities Act</u>"). In accordance with the Note to Part I of Form S-8, such documents are not filed with the SEC either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. Incorporation of Documents by Reference.** 

The Company is subject to the informational and reporting requirements of Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, in accordance therewith, files reports, proxy statements and other information with the SEC. The following documents, which are on file with the SEC, are incorporated by reference into this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company's Annual Report on [Form 10-K](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1018979/000095017025030059/amsf-20241231.htm) for the year ended December 31, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company's Quarterly Report[s] on [Form 10-Q](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1018979/000095017025061007/amsf-20250331.htm) for the period ended March 31, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company's Current Reports on Form 8-K filed with the Commission
on [February 26, 2025](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1018979/000119312525036731/d893951d8k.htm) , [April 29, 2025](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1018979/000119312525103774/d938061d8k.htm) and [June 9, 2025](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1018979/000119312525137799/d943239d8k.htm) (in all cases other than information furnished rather than filed pursuant to any
such form); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The description of the Company's Common Stock contained in the Company's Registration Statement on [Form 8-A](http://www.sec.gov/Archives/edgar/data/1018979/000095013405017473/d28648e8va12g.htm) , filed with the SEC on September 9, 2005, and all amendments and reports filed with the SEC for the purpose of updating such description.

All reports and other documents filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof, and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, will be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents. Any statement contained in any document incorporated or deemed to be incorporated by reference herein will be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as modified or superseded, to constitute a part of this Registration Statement. Notwithstanding the foregoing, and except as otherwise provided in the relevant filing with the SEC, the Company is not incorporating by reference any documents, portions of documents, or other information deemed to have been "furnished" and not "filed" in accordance with SEC rules.

**Item 6. Indemnification of Officers and Directors** 

The Company's certificate of formation and bylaws provide that, to the fullest extent permitted by the Texas Business Organizations Code, as amended (the "TBOC"), and any other applicable law, no director of the Company shall be personally liable to the Company or its shareholders for any act or omission occurring in the performance of the director's duties as a director of the Company.

------

Under Section 8.101 of the TBOC, subject to the procedures and limitations stated therein, the Company may indemnify a director or officer (a "governing person") who was, is, or is threatened to be made a named defendant or respondent in a proceeding because the governing person is or was a governing person of the Company or serving in such capacity with respect to another entity at the Company's request, against judgments, court costs, penalties, excise and similar taxes, fines, settlements, and reasonable attorneys' fees actually incurred by the governing person in connection with the proceeding if it is determined that the governing person seeking indemnification:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• acted in good faith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reasonably believed, when acting in his or her official capacity, that his or her conduct was in the best
interests of the Company, and, when not acting in such capacity, believed that his or her conduct was not opposed to the best interests of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the case of a criminal proceeding, had no reasonable cause to believe his or her conduct was unlawful.

The Company is required by Section 8.051 of the TBOC to indemnify a governing person against reasonable expenses actually incurred by the governing person in connection with a proceeding in which the governing person is a named defendant or respondent because the governing person is or was in that position if the governing person has been wholly successful, on the merits or otherwise, in the defense of the proceeding. The TBOC prohibits the Company from indemnifying a governing person in respect of a proceeding in which the person is found liable to the Company or on the basis that a personal benefit was improperly received by the governing person, other than reasonable expenses actually incurred by the governing person in connection with the proceeding; provided, that the TBOC further prohibits the Company from indemnifying a governing person in respect of any such proceeding in which the person is found liable for willful or intentional misconduct in the performance of the governing person's duties, breach of the governing person's duty of loyalty to the Company, or an act or omission not committed in good faith that constitutes a breach of duty owed by the governing person to the Company.

Under Section 8.052 of the TBOC, a court of competent jurisdiction may order the Company to indemnify a governing person to the extent the court determines that the governing person is fairly and reasonably entitled to indemnification in view of all the relevant circumstances; however, if the governing person is found liable to the Company or is found liable on the basis that a personal benefit was improperly received by the governing person, the indemnification will be limited to reasonable expenses actually incurred by the governing person in connection with the proceeding.

The Company's certificate of formation authorizes the Company to enter into agreements with directors and officers providing for indemnification to the fullest extent permitted by Texas law. Accordingly, the Company has entered into indemnification agreements providing contracting directors or officers the procedural and substantive rights to indemnification currently set forth in the Company's certificate of formation and bylaws.

The foregoing is only a general summary of certain aspects of Texas law, certain provisions of the Company's certificate of formation and bylaws, and the Company's indemnification agreements, and does not purport to be complete. It is qualified in its entirety by reference to (i) the relevant provisions of the TBOC and (ii) the Company's certificate of formation, bylaws, and form of indemnification agreement, each of which is on file with the SEC.

**Item 8. Exhibits** 

---

| | |
|:---|:---|
| Exhibit <br>Number |  |
| 4.1 | [Amended and Restated Certificate of Formation (incorporated by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2010, filed on August 6, 2010)](http://www.sec.gov/Archives/edgar/data/1018979/000119312510180779/dex31.htm) |
| 4.2 | [Amended and Restated Bylaws (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed August 6, 2010)](http://www.sec.gov/Archives/edgar/data/1018979/000119312510181116/dex31.htm) |
| 5.1\* | [Opinion of Jones Walker](d933387dex51.htm) |
| 23.1\* | [Consent of Jones Walker is contained in Exhibit 5.1 to this Registration Statement](d933387dex51.htm) |
| 23.2\* | [Consent of Ernst & Young, LLP, Independent Registered Public Accounting Firm](d933387dex232.htm) |
| 24.1\* | [Power of Attorney is contained on the signature page of this Registration Statement](d933387ds8.htm#sig) |
| 99.1 | [Non-Employee Director Restricted Stock Plan, as amended and restated effective June 6, 2025 (incorporated by reference to Appendix A to the Company's Proxy Statement on Schedule 14A filed April 30, 2025)](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1018979/000095017025060574/amsf-20250429.htm) |
| 107\* | [Filing Fee Table](d933387dexfilingfees.htm) |

---

\* Filed herewith.

------

**Item 9. Undertakings** 

(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this
Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration
Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or
decrease in the volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form
of a prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Filing Fee
Table" or "Calculation of Registration Fee" table, as applicable, in the effective registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in this
Registration Statement or any material change to such information in this Registration Statement;

*Provided, however,* that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the SEC by the Company pursuant to section 13 or section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which
remain unsold at the termination of the offering.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to
Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors,
officers and controlling persons of the registrant pursuant to the foregoing provisions or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of DeRidder, State of Louisiana, on this 10th day of June, 2025.

---

| | |
|:---|:---|
|  | AMERISAFE, INC. |
| By: | /s/ G. Janelle Frost |
|  | G. Janelle Frost |
|  | President and Chief Executive Officer |

---

------

**POWER OF ATTORNEY** 

Each of the undersigned hereby constitutes and appoints Kathryn H. Shirley, G. Janelle Frost and Anastasios Omiridis, and each of them, with full power to act and with full power of substitution and resubstitution, his or her true and lawful attorneys in fact with full power to execute in his or her name and on his or her behalf in his or her capacity as a director or officer or both, as the case may be, of AMERISAFE, Inc. (the "Company"), a registration statement on Form S-8 under the Securities Act of 1933, as amended (the "Securities Act"), for the purpose of registering shares of the Company's common stock, par value $0.01 per share, available for issuance under the Company's Non-Employee Director Restricted Stock Plan, as amended and restated effective June 6, 2025, and to sign any and all amendments to the Company's registration statement on Form S-8, including post effective amendments to such registration statement on Form S-8, and to sign any and all additional registration statements relating to the same offering of securities as the Company's registration statement on Form S-8 that are filed pursuant to the requirements of the Securities Act, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, and hereby ratifies and confirms that such attorneys in fact, or their substitute or substitutes, may lawfully do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ G. Janelle Frost<br> G. Janelle Frost | President and Chief Executive Officer<br> (Principal Executive Officer) | June 10, 2025 |
| /s/ Anastasios Omiridis<br> Anastasios Omiridis | Executive Vice President and Chief Financial Officer<br> (Principal Financial and Accounting Officer) | June 10, 2025 |
| /s/ Michael J. Brown<br> Michael J. Brown | Director | June 10, 2025 |
| /s/ Teri G. Fontenot<br> Teri G. Fontenot | Director | June 10, 2025 |
| /s/ Philip A. Garcia<br> Philip A. Garcia | Director | June 10, 2025 |
| /s/ Billy B. Greer<br> Billy B. Greer | Director | June 10, 2025 |
| /s/ Jared A. Morris<br> Jared A. Morris | Director | June 10, 2025 |
| /s/ Randall E. Roach<br> Randall E. Roach | Director | June 10, 2025 |
| /s/ Sean M. Traynor<br> Sean M. Traynor | Director | June 10, 2025 |

---

## Exhibit 5.1

**Exhibit 5.1**![LOGO](g933387dsp007.jpg)

June 10, 2025

AMERISAFE, Inc.

2301 Highway 190 West

DeRidder, Louisiana 70634

Ladies and Gentlemen:

We have acted as counsel to AMERISAFE, Inc., a Texas corporation (the "Company"), in connection with the Company's registration statement on Form S-8 (the "Registration Statement") to be filed with the Securities and Exchange Commission (the "SEC") with respect to registration under the Securities Act of 1933, as amended (the "Securities Act"), of an aggregate 50,000 shares of the Company's common stock, $0.01 par value per share (the "Common Stock"), to be issued under the Company's Non-Employee Director Restricted Stock Plan, as amended and restated effective June 6, 2025 (the "Plan"), which is filed as Exhibit 99.1 to the Registration Statement.

We have examined instruments, documents and records which we deemed relevant and necessary for the basis of our opinion hereinafter expressed. In such examination, we have assumed the following: (a) the authenticity of original documents and the genuineness of all signatures; (b) the conformity to the originals of all documents submitted to us as copies; and (c) the truth, accuracy and completeness of the information, representations and warranties contained in the records, documents, instruments and certificates we have reviewed.

Based upon the foregoing, we are of the opinion that the shares of Common Stock to be issued by the Company pursuant to the Plan after the filing of the Registration Statement are validly authorized shares of Common Stock and, when issued in accordance with the terms described in the Plan, will be legally issued, fully paid and non-assessable, provided that the consideration for the shares of Common Stock is at least equal to the stated par value thereof.

We express no opinion as to the laws of any jurisdiction other than the Business Organizations Code of the State of Texas.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name wherever it appears in the Registration Statement. In giving such consent, we do not consider that we are "experts" within the meaning of such term as used in the Securities Act or the rules and regulations of the SEC issued thereunder, with respect to any part of the Registration Statement, including this opinion as an exhibit or otherwise.

---

| |
|:---|
| Sincerely, |
| /s/ JONES WALKER LLP |
| JONES WALKER LLP |

---

201 St. Charles Avenue \| New Orleans, LA 70170-5100 \| T: 504.582.8000 \| F: 504.582.8583 \| **joneswalker.com**

## Exhibit 23.2

**Exhibit 23.2** 

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-XXXXX) pertaining to the Non-Employee Director Restricted Stock Plan, as amended and restated of AMERISAFE, Inc. of our reports dated February 28, 2025, with respect to the consolidated financial statements of AMERISAFE, Inc. and the effectiveness of internal control over financial reporting of AMERISAFE, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2024, filed with the Securities and Exchange Commission.

---

| |
|:---|
| /s/ Ernst & Young |
| New Orleans, Louisiana |
| June 10, 2025 |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**AMERISAFE INC**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type**  | **Security Class Title**  | **Fee Calculation Rule**  | **Amount Registered**  | **Proposed Maximum Offering Price Per Unit**  | **Maximum Aggregate Offering Price**  | **Fee Rate**  | **Amount of Registration Fee**  |
| 1 | Equity | Common Stock, par value $0.01 per share | Other | 50000 | $45.77 | $2288500.00 | 0.0001531 | $350.37 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $2288500.00  |  | $350.37  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $350.37  |

---

 **Offering Note** <br>

<sup>1</sup> (1) Pursuant to Rule 416 of the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers such additional shares of Common Stock, par value $0.01 per share (the "Common Stock"), of AMERISAFE, Inc., a Texas corporation (the "Registrant"), as may become issuable pursuant to the anti-dilution provisions of the Registrant's Non-Employee Director Restricted Stock Plan, as amended and restated effective June 6, 2025 (the "Plan"). (2) Estimated solely for the purpose of calculating the amount of the registration fee pursuant to paragraphs (c) and (h) of Rule 457 of the Securities Act. The price per share and aggregate offering price are based upon the average of the high and low sales prices of the Common Stock on June 5, 2025, as reported on the NASDAQ Global Select Market.