0001194794-13-000026.txt : 20130403 0001194794-13-000026.hdr.sgml : 20130403 20130403091254 ACCESSION NUMBER: 0001194794-13-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130402 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130403 DATE AS OF CHANGE: 20130403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROASSURANCE CORP CENTRAL INDEX KEY: 0001127703 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 631261433 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16533 FILM NUMBER: 13737971 BUSINESS ADDRESS: STREET 1: 100 BROOKWOOD PLACE CITY: BIRMINGHAM STATE: AL ZIP: 35209 BUSINESS PHONE: 2058774400 8-K 1 bodyoffiling.htm THIS FILING OF A CURRENT REPORT ON FORM 8K DISCLOSES THE UPCOMING RETIREMENT OF PROASSURANCE?S VICE-CHAIRMAN, VICTOR T. ADAMO AND HIS RESULTING DECISION NOT TO STAND FOR REELECTION TO THE BOARD. bodyoffiling.htm

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): April 2, 2013
ProAssurance Corporation
(Exact name of registrant as specified in its charter)

Delaware
001-16533
63-1261433
(State of Incorporation)
(Commission File No.)
(IRS Employer I.D. No.)

100 Brookwood Place, Birmingham, Alabama
35209
(Address of Principal Executive Office )
(Zip code)

Registrant’s telephone number, including area code:     (205)  877-4400

 

 
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 Securities Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange Act
(17CFR 240.13e-(c))

 
 

 


 
Item 7.01                   Regulation FD Disclosure
 
On April 2, 2013 we disclosed that Vice-Chairman Victor T. Adamo has informed the Board of Directors of ProAssurance that he will not stand for reelection to the Board due to his planned retirement in the second quarter of this year. As a result, Mr. Adamo will no longer serve as an executive officer of the company upon completion of his current Board term on May 22, 2013. A copy of the news release announcing the closing of this transaction is included as Exhibit 99.1 and included in this Item by reference.
 
Item 9.01                   Financial Statements and Exhibits
 
Exhibit 99.1  News release disclosing that Vice-Chairman Victor T. Adamo has informed the Board of Directors of ProAssurance that he will not stand for reelection to the Board
                     due to his planned retirement in the second quarter of this year. As a result, Mr. Adamo will no longer serve as an executive officer of the company upon completion of his
                    current Board term on May 22, 2013. A copy of the news release announcing the closing of this transaction is included as Exhibit 99.1 and included in this Item by reference.
 
                        We are furnishing Exhibit 99.1 to this Current Report on Form 8-K in accordance with Item 7.01, Regulation FD Disclosure. These exhibits shall not be deemed to be “filed”
      for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be
                   deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall
                   be expressly set forth by specific reference in such filing.
 
SIGNATURE
 
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.
 
Date:  April 3, 2013

PROASSURANCE CORPORATION
 
By: /s/     Frank B. O’Neil
Frank B. O’Neil
Senior Vice President

EX-99.1 2 exhbit.htm THIS EXHIBIT PRESENTS OUR NEWS RELEASE, ISSUED TO DISCLOSE THE UPCOMING RETIREMENT OF PROASSURANCE?S VICE-CHAIRMAN, VICTOR T. ADAMO AND HIS RESULTING DECISION NOT TO STAND FOR REELECTION TO THE BOARD. exhbit.htm
 

NEWS RELEASE
 

For More Information Contact:
Frank B. O’Neil
Sr. Vice President, Corporate Communications & Investor Relations
800-282-6242 • 205-877-4461 • foneil@ProAssurance.com
 
ProAssurance Announces the Upcoming Retirement of Victor T. Adamo
BIRMINGHAM, AL–(PRNEWSWIRE)–April 2, 2013–ProAssurance Corporation (NYSE:PRA) announced today that Vice-Chairman Victor T. Adamo has informed the Board of Directors of ProAssurance that he will not stand for reelection to the Board due to his planned retirement in the second quarter of this year. As a result, Mr. Adamo will no longer serve as an executive officer of the company upon completion of his current Board term on May 22, 2013.
 
Mr. Adamo has served ProAssurance and its predecessor companies for 28 years in a variety of executive leadership roles and was instrumental in the 2001 merger of Medical Assurance, Inc., and Professionals Group, Inc., which formed ProAssurance.
 
“Vic has provided ProAssurance with extraordinary leadership and inspiration in the 12 years since our merger,” said W. Stancil Starnes, the Chairman and CEO of ProAssurance. Starnes went on to say, “The founding vision for ProAssurance was the creation of an insurer with a broad national scope that retained a strong focus on locally delivered customer services, all backed by superior financial strength. Vic has worked tirelessly to help us maintain these founding goals while expanding the footprint of ProAssurance and achieving a position of leadership in our industry. We are deeply grateful to him.”
 
Mr. Adamo, reflecting on his years with ProAssurance, and with Professionals Group before that, said , “I am very proud of assisting the organization to grow and assume a position of industry leadership while maintaining our commitment to customer service, employee development, and return for our shareholders. As I look back on my career, my fondest memories are the personal connections I have been privileged to make with my fellow employees, insureds, board members, and the many people outside of ProAssurance with whom I have been able to work. I appreciate the opportunity that ProAssurance has providedfor me to have a very fulfilling career.”
 
Mr. Adamo began his professional career as a judicial law clerk for the Michigan Supreme Court followed by private law practice in Detroit after earning an undergraduate degree from the University of Michigan and his law degree from New York University School of Law. He joined Physicians Insurance Company of Michigan (PICOM) in 1985 after representing the company for a number of years. He led PICOM through a growth phase that saw it expand into the Midwest and Florida and become Professionals Group before ultimately merging into ProAssurance.
 
Mr. Adamo is on the Board of Directors of the Physician Insurers Association of America (PIAA). He also has been an active leader in various civic and charitable organizations in both Michigan and Alabama.
 
About ProAssurance
ProAssurance Corporation is an industry-leading specialty insurance company with extensive expertise in medical professional liability, products liability for life sciences and the medical technology industry and legal professional liability. ProAssurance is recognized as one of the top performing insurance companies in America by virtue of its inclusion in the Ward’s 50 for the past six years and is consistently ranked as a top performing property casualty insurer in Moody’s Yearly Statistical Handbook. ProAssurance is rated “A” (Strong) by Fitch Ratings; ProAssurance Group is rated “A” (Excellent) by A.M. Best.
 


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