0000101199-16-000573.txt : 20160719 0000101199-16-000573.hdr.sgml : 20160719 20160719140205 ACCESSION NUMBER: 0000101199-16-000573 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160719 ITEM INFORMATION: Temporary Suspension of Trading Under Registrant's Employee Benefit Plans ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160719 DATE AS OF CHANGE: 20160719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED FIRE GROUP INC CENTRAL INDEX KEY: 0000101199 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 452302834 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34257 FILM NUMBER: 161773140 BUSINESS ADDRESS: STREET 1: 118 SECOND AVE SE CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 BUSINESS PHONE: 3193995700 MAIL ADDRESS: STREET 1: P O BOX 73909 CITY: CEDAR RAPIDS STATE: IA ZIP: 52407 FORMER COMPANY: FORMER CONFORMED NAME: UNITED FIRE GROUP, INC. DATE OF NAME CHANGE: 20120202 FORMER COMPANY: FORMER CONFORMED NAME: UNITED FIRE & CASUALTY CO DATE OF NAME CHANGE: 19920703 8-K 1 ufg8-k7x19x16.htm 8-K Document
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): July 19, 2016

 
United Fire Group, Inc.
(Exact name of registrant as specified in its charter)
 
Iowa
 
001-34257
 
45-2302834
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
118 Second Avenue, S.E.,
Cedar Rapids, Iowa
 
 
52401
(Address of principal executive offices)
 
(Zip Code)
 
 
Registrant's telephone number, including area code: (319) 399-5700
 
_________________________________________________________________
(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:
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 5.04. Temporary Suspension of Trading Under Registrant's Employee Benefit Plans.
Effective September 1, 2016, the recordkeeper under the United Fire Group 401(k) Plan (the "Plan") will change. As a result of this change in recordkeeper, a conversion period is necessary to transition account and Plan records. On July 19, 2016, the plan administrator of the Plan sent notice to participants in the Plan, informing them that the Plan is changing its recordkeeper. The notice also stated that while this conversion is being made, participants in the Plan will not be able to access their accounts to direct or diversify investments in their individual accounts, including accounts that hold common stock of United Fire Group, Inc. (the "Company"), to obtain a loan or distribution from the Plan, to obtain a hardship withdrawal from the Plan or to make contribution election changes. Participants will not be able to effectuate these transactions for the period beginning on or around August 25, 2016 and ending as soon as the transition to the new recordkeeper is complete, which is expected to take place during the week beginning September 12, 2016. This period is referred to as the “Blackout Period.”
Pursuant to Rule 104(b)(1)(iv)(B) of Regulation BTR, directors and executive officers may obtain, without charge, information as to whether the Blackout Period has begun or ended. During the Blackout Period and for a period of two years after the ending date of the Blackout Period, Company shareholders or other interested persons may obtain, without charge, the actual beginning and ending dates of the Blackout Period by contacting Regulatory Attorney Chad Zenisek, United Fire & Casualty Company, Accounting Department, 118 2nd Ave SE, Cedar Rapids, IA 52401, or by phone at (319) 286-2535, or e-mail at czenisek@unitedfiregroup.com.
On July 19, 2016, the Company sent a blackout trading restriction notice (the “BTR Notice”) to its executive officers and directors informing them that, pursuant to Section 306(a) of the Sarbanes-Oxley Act of 2002 and the Securities and Exchange Commission's rules promulgated thereunder, they would be prohibited during the Blackout Period from purchasing and selling shares of the Company’s common stock (including derivative securities pertaining to such shares) acquired in connection with their employment as an executive officer or service as a director.
A copy of the BTR Notice is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are furnished herewith.
Exhibit 99.1
Notice to Executive Officers and Directors of United Fire Group, Inc. regarding the 401(k) Plan Blackout Period and Trading Restrictions.

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.
 
 
 
 
United Fire Group, Inc.
 
 
 
(Registrant)
 
 
 
 
Dated:
July 19, 2016
 
/s/ Dawn M. Jaffray
 
 
 
Dawn M. Jaffray, Sr. Vice President & Chief Financial Officer




EXHIBIT INDEX
Exhibit Number
Description of Exhibit
99.1

Notice to Executive Officers and Directors of United Fire Group, Inc. regarding the 401(k) Plan Blackout Period and Trading Restrictions.



EX-99.1 2 btrnotice.htm EXHIBIT 99.1 Exhibit

TO: Executive Officers and Directors of United Fire Group, Inc.
FROM: Tim Spain, VP–Human Resources; Dawn Jaffray, SVP & CFO
DATE: July 19, 2016
RE: Important Notice Regarding Blackout Period and Restrictions on Ability to Trade Company Common Stock of United Fire Group, Inc.
This notice is to inform you of restrictions on your ability to trade equity securities of United Fire Group, Inc. (the “Company”) during an upcoming “blackout period” that will apply to the United Fire Group 401(k) Plan (the "Plan"). This special “blackout period” is imposed on executive officers and directors of the Company by the Sarbanes-Oxley Act of 2002 and Securities and Exchange Commission Regulation BTR (Blackout Trading Restriction) and is in addition to the Company’s regular trading blackout periods related to its earnings releases.
The blackout period is being imposed because of the transition to a new recordkeeper for the Plan. During the blackout period, participants in the Plan will not be able to access their accounts to direct or diversify investments in their individual accounts, including accounts that hold Company common stock, to obtain a loan or distribution from the Plan, obtain a hardship withdrawal from the Plan or to make contribution election changes. Accordingly, participants in the Plan will not be able to change the portion of their accounts invested in the Company’s common stock under the Plan. The blackout period is expected to begin on or around Thursday, August 25, 2016, and will end as soon as the transition to a new recordkeeper has been completed, which is expected to take place during the week beginning September 12, 2016 (the “Blackout Period”). During the Blackout Period, directors and executive officers may obtain, without charge, information as to whether the Blackout Period has begun or ended by contacting Chad Zenisek at 118 2nd Ave SE, Cedar Rapids IA 52401, czenisek@unitedfiregroup.com, or 319-286-2535.
In accordance with Section 306(a) of the Sarbanes-Oxley Act of 2002 and Rule 101 of Securities and Exchange Commission Regulation BTR, the Company’s directors and executive officers are prohibited during the Blackout Period from purchasing, selling, or otherwise acquiring or transferring, directly or indirectly, any equity securities of the Company acquired in connection with his or her employment as an executive officer or service as a director of the Company.
Please note the following:
1.
“Equity securities” is defined broadly to include the Company’s common stock, stock options, and other derivative securities.
2.
Prohibited transactions are not limited to those involving your direct ownership, but include any transaction in equity securities in which you have a pecuniary interest (for example, transactions by your immediate family members living in your household).
3.
Among other things, these rules prohibit selling shares of the Company's common stock acquired pursuant to an exercise of options granted to you in connection with your employment as an executive officer or service as a director of the Company, selling shares of the Company's common stock originally received as a restricted stock grant or upon the vesting of a restricted stock unit award, or selling shares to cover withholding taxes upon the vesting of restricted stock unit awards.
4.
Exemptions from these rules generally apply for purchases or sales under pre-existing Rule 10b5-1 plans, dividend reinvestment plans, sales required by law and certain other “automatic” transactions, such as previously-elected salary deferral contributions into the Plan.
5.
Although you are permitted to engage in transactions involving equity securities that were not acquired in connection with your employment as an executive officer or service as a director of the Company, there is a presumption that any such transactions are prohibited unless you can identify the source of the shares and show that you used the same identification for all related purposes, such as tax reporting and disclosure requirements.
Inquiries with respect to the Blackout Period, including the date on which it has ended, should be directed to Chad Zenisek at 118 2nd Ave SE, Cedar Rapids IA 52401, czenisek@unitedfiregroup.com, or 319-286-2535.
These rules apply in addition to the trading restrictions under the Company’s Insider Trading Policy. If you engage in a transaction that violates these rules, you may be required to disgorge your profits from the transaction, and you may be subject to civil and criminal penalties. Please remember that you are required to pre-clear any trades or transfers you would like to make in the Company's common stock.

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