# EDGAR Filing Document

**Accession Number:** 0000819913
**File Stem:** 0001104659-23-033349
**Filing Date:** 2023-3
**Character Count:** 6979
**Document Hash:** b2a87c37d6c312aa2dbe2a674bc3c788
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-033349.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0001104659-23-033349

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230316

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HALLMARK FINANCIAL SERVICES INC
- **CENTRAL INDEX KEY:** 0000819913
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE CARRIERS, NEC [6399]
- **IRS NUMBER:** 870447375
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11252
- **FILM NUMBER:** 23739340

**BUSINESS ADDRESS:**
- **STREET 1:** 777 MAIN STREET, SUITE 1000
- **CITY:** FORT WORTH
- **STATE:** TX
- **ZIP:** 76102
- **BUSINESS PHONE:** 8173481600

**MAIL ADDRESS:**
- **STREET 1:** 5420 LYNDON B. JOHNSON FREEWAY
- **STREET 2:** STE 1100
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75240

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ACOI INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN CREDIT OPTICAL INC /DE/
- **DATE OF NAME CHANGE:** 19910611

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PYRAMID GROWTH INC
- **DATE OF NAME CHANGE:** 19890124

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 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): | **March 16, 2023** |

---

---

| |
|:---|
| **Hallmark Financial Services, Inc** **.** |
| (Exact Name of Registrant as Specified in Its Charter) |

---

---

| |
|:---|
| **Nevada** |
| (State or Other Jurisdiction of Incorporation) |

---

---

| | |
|:---|:---|
| **001-11252** | **87-0447375** |
| (Commission File Number) | (IRS Employer Identification No.) |

---

---

| | |
|:---|:---|
| **5420 Lyndon B. Johnson Freeway, Suite 1100, Dallas, Texas** | **75240** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

---

| |
|:---|
| **817-348-1600** |
| (Registrant's Telephone Number, Including Area Code) |
| Not Applicable |
| (Former Name or Former Address, if Changed Since Last Report) |

---

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Title of each class** | &nbsp;&nbsp;**Name of each exchange on which registered** |
| &nbsp;&nbsp;Common Stock $1.00 par value &nbsp;&nbsp;HALL | &nbsp;&nbsp;Nasdaq Global Market |

---

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):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ 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 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. □

---

| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

---

On March 16, 2023, the Board of Directors of Hallmark Financial Services, Inc. (the "Company") promoted Christopher J. Kenney to the office of Chief Executive Officer of the Company. Mr. Kenney will also continue to serve as President and Chief Financial Officer of the Company. Mark E. Schwarz, who previously served as the Company's Chief Executive Officer, will remain in his continuing role as the Company's Executive Chairman of the Board.

Mr. Kenney, age 60, has served as the Company's President since January of 2022 and its Chief Financial Officer since May 2021. He had previously served as its Chief Accounting Officer since September 2020 and its Senior Vice President of Accounting since 2004. From 2003 to 2004, he served as Senior Vice President of Accounting for Affirmative Insurance Holdings, Inc. From 2000 to 2003, Mr. Kenney served as Controller of Associates Insurance Group, a subsidiary of The Travelers Companies, Inc. From 1994 to 2000, he served in various accounting positions with Associates Insurance Group, the insurance division of Associates First Capital Corporation, rising to the Controller. Mr. Kenney is a Certified Public Accountant licensed in Texas.

Mr. Kenney has no written employment agreement with the Company and is an at-will employee. In connection with his new responsibilities, Mr. Kenney's current salary has been set at $420,000 per year. He is eligible to receive discretionary annual bonuses and participate in the Company's 2015 Long Term Incentive Plan along with other managerial employees of the Company. Mr. Kenney has no family relationship with any director or other executive officer of the Company. There are no transactions in which Mr. Kenney has an interest requiring disclosure under Item 404(a) of Regulation S-K. Mr. Schwarz's annual compensation for his services as Executive Chairman will now be reduced to $395,000 in recognition of the reduction in the scope of his continuing role.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

---

(c) Exhibits. <br> 104 Cover Page Interactive Data File (formatted as inline XBRL)

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 duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | HALLMARK FINANCIAL SERVICES, INC. | HALLMARK FINANCIAL SERVICES, INC. |
| Date: | March 16, 2023 | By: | /s/ CHRISTOPHER J. KENNEY |
|  |  |  | Christopher J. Kenney, Chief Executive Officer |

---