-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UfuA5bWpqcQp3n32B4TlSIDmoK9rKa16HNYbaXHyJKKi6cPVMpcuMpuAW1F8RsMl fGo7Tiu0a1rz0QdvKQKCzg== 0001013698-99-000015.txt : 19990615 0001013698-99-000015.hdr.sgml : 19990615 ACCESSION NUMBER: 0001013698-99-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990331 ITEM INFORMATION: FILED AS OF DATE: 19990611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYMONS INTERNATIONAL GROUP INC CENTRAL INDEX KEY: 0001013698 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 351707115 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-29042 FILM NUMBER: 99644574 BUSINESS ADDRESS: STREET 1: 4720 KINGSWAY DRIVE CITY: INDIANAPOLIS STATE: IN ZIP: 46205 BUSINESS PHONE: 3172596400 MAIL ADDRESS: STREET 1: 11 SOUTH MERIDIAN STREET STREET 2: SUITE 1313 CITY: INDIANAPOLIS STATE: IN ZIP: 46204 8-K 1 FORM 8-K SYMONS INTERNATIONAL GROUP 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: June 10, 1999 SYMONS INTERNATIONAL GROUP, INC. State of Incorporation: Indiana Commission File Number IRS Employer Id. Number No. 1-12369 No. 35-1707115 Address of Principal Executive Offices: 4720 Kingsway Drive Indianapolis, Indiana 46205 Telephone No. (317) 259-6400 ITEM 5. OTHER EVENTS. Symons International Group, Inc. ("Company") announced on June 8, 1999 it has retained Donaldson, Lufkin and Jenrette to advise it with regard to the potential sale of the Company's crop insurance operations. See the press release attached as Exhibit 1 hereto. 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. Symons International Group, Inc. By: /s/ Alan G. Symons Alan G. Symons Chief Executive Officer Date: June 10, 1999 ITEM 5. EXHIBIT 1. PRESS RELEASE. NEWS RELEASE [Logo] Media Contact: Tad Gage Financial Relations Board (312) 266-7800 Alan G. Symons Douglas H. Symons CEO President (317) 259-6302 (317) 259-6413 Email: agsymons@aol.com Email: dhsymons@aol.com FOR IMMEDIATE RELEASE SYMONS INTERNATIONAL GROUP, INC. RETAINS DONALDSON, LUFKIN AND JENRETTE TO ADVISE ON SALE OF CROP OPERATIONS Indianapolis, Indiana (June 8, 1999) - Symons International Group, Inc. (NASDAQ: SIGC), a leading provider of nonstandard automobile and crop insurance, today announces that it has retained Donaldson, Lufkin and Jenrette to advise the Company with respect to the sale of its crop insurance operations. Symons International Group, Inc. ("Company") announces that it has retained Donaldson, Lufkin and Jenrette ("DLJ") to advise the Company with respect to the sale of its crop insurance operations. Further, the Company announced that it is engaged in active discussions with interested parties regarding the sale of its crop insurance operations. The Company is the country's 4th largest crop insurer. Symons International Group, Inc. (NASDAQ: SIGC) is the 12th largest nonstandard automobile insurer in the United States. Nonstandard auto insurance is sold through independent insurance agents. It generally carries higher premiums, and low limits of liabilities. The Company utilizes proprietary systems and procedures to achieve operating efficiencies. Symons' subsidiaries Pafco General Insurance Company and Superior Insurance Company write nonstandard auto insurance in 22 states. Symons' IGF Insurance Company is the fourth largest insurer of crops in the US. IGF Insurance Company writes business in 42 states plus Canada. Visit the Company's Web site at www.sigins.com. For free fax information on Symons International, dial 1-800-FRO-INFO and enter the ticker: SIGC. All statements, trend analyses, and other information contained in this release and elsewhere (such as in other filings by the Company or its affiliates with the Securities and Exchange Commission, press releases, presentations by the Company or its management or oral statements) relative to markets for the Company's products and/or trends in the Company's operations or financial results, as well as other statements including words such as "anticipate," "could," "feel(s)," "believe," "believes," "plan," "estimate," "expect," "should," "intend" and other similar expressions, constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from those contemplated by the forward-looking statements. Such factors include, among other things: (i) general economic conditions, including prevailing interest rate levels and stock market performance; (ii) factors affecting the Company's crop operations such as weather-related events, final harvest results, commodity price levels, governmental program changes, new product acceptance and commission levels paid to agents; and (iii) factors affecting the Company's nonstandard automobile operations such as premium volume, levels of operating expenses as compared to premium volume, ultimate development of loss reserves and implementation of the Company's operation system. Anyone wishing further information may contact: Douglas H. Symons President Indianapolis (317) 259-6413 Websites: SIG www.sigins.com IGF www.igfinsurance.com -----END PRIVACY-ENHANCED MESSAGE-----