8-K

 

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): November 17, 2015

Triple-S Management Corporation
__________________________________________
(Exact name of registrant as specified in its charter)

Puerto Rico	000-49762	66-0555678
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
1441 F.D. Roosevelt Avenue, San Juan, Puerto Rico		00920
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 787-749-4949

Not Applicable
______________________________________________
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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On November 17, 2015, Triple-S Management Corporation (the "Corporation") issued a press release announcing the commencement of a $25.0 million common stock repurchase program. The repurchase program will be conducted, using available cash, through open-market purchases of Class B shares, in accordance with Rule 10b-18 and 10b5-1 of the Securities Exchange Act of 1934, as amended. The timing and extent of any purchases under the program will depend on market conditions, and the trading price of the shares, among other considerations. The repurchase program may be suspended, modified or terminated by the Corporation at any time.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1 Press release of Triple-S Management Corporation, dated November 17, 2015, announcing the $25.0 million Class B share repurchase program.

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.

	Triple-S Management Corporation
November 17, 2015	By:	/s/ Ramón M. Ruiz Comas
		Name: Ramón M. Ruiz Comas
		Title: President & Chief Executive Officer

Exhibit Index

Exhibit No.	Description
99.1	Press Release of Triple-S Management Corporation, dated November 17, 2015, announcing the $25.0 million Class B share repurchase program.

EX-99.1

Triple-S Management Corporation

1441 F.D. Roosevelt Ave.

San Juan, PR 00920

www.triplesmanagement.com

FOR FURTHER INFORMATION:

AT THE COMPANY:	INVESTOR RELATIONS:
Amilcar Jordan VP of Finance and Chief Financial Officer (787) 749-4949	Kathy Waller AllWays Communicate, LLC (312) 543-6708

Triple-S Management Corporation Announces $25.0 Million Class B Share Repurchase Authorization

SAN JUAN, Puerto Rico, November 17, 2015 — Triple-S Management Corporation (NYSE: GTS), the leading managed care company in Puerto Rico, today announced that its Board of Directors has authorized a $25.0 million common stock repurchase program, which will commence immediately. It will be conducted, using available cash, through open-market purchases of Class B shares only, in accordance with Rules 10b-18 and 10b5-1 under the Securities Exchange Act of 1934, as amended. The timing and extent of any purchases under the program will depend on market conditions, the trading price of our shares, and other considerations, and the program may be suspended or terminated at any time.

Ramón M. Ruiz-Comas, President and Chief Executive Officer of Triple-S Management said, “We believe that our shares remain significantly undervalued. Buying back stock at current levels is accretive to future earnings and continues to represent a prudent use of our capital.”

About Triple-S Management Corporation

Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the leading player in the managed care industry in Puerto Rico. Triple-S Management also has the exclusive right to use the Blue Cross Blue Shield name and mark throughout Puerto Rico, the U.S. Virgin Islands, and Costa Rica. With more than 50 years of experience in the industry, Triple-S Management offers a broad portfolio of managed care and related products in the Commercial and Medicare Advantage markets under the Blue Cross Blue Shield marks. In addition to its managed care business, Triple-S Management provides non-Blue Cross Blue Shield branded life and property and casualty insurance in Puerto Rico.

For more information about Triple-S Management, visit www.triplesmanagement.com or contact kwaller@allwayscommunicate.com.

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