-----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, MuuPxBFl6ipU5VwGYTrcJLH/tf04/NjV6triE+tOst14YxsocuhOCYmeX7+ocMb5 PhaQtP8aO0fJblQq4qILgQ== 0000914039-02-000023.txt : 20020414 0000914039-02-000023.hdr.sgml : 20020414 ACCESSION NUMBER: 0000914039-02-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020205 ITEM INFORMATION: Other events FILED AS OF DATE: 20020206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACCEL INTERNATIONAL CORP CENTRAL INDEX KEY: 0000001985 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 310788334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08768 FILM NUMBER: 02528087 BUSINESS ADDRESS: STREET 1: 75 WEST ST CITY: SIMSBURY STATE: CT ZIP: 06070 BUSINESS PHONE: 8608437600 MAIL ADDRESS: STREET 1: 75 WEST ST CITY: SIMSBURY STATE: CT ZIP: 06070 FORMER COMPANY: FORMER CONFORMED NAME: ACCELERATION CORP DATE OF NAME CHANGE: 19870814 8-K 1 y57247e8-k.txt FORM 8-K 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 earliest event reported): February 5, 2002 ACCEL INTERNATIONAL CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 0-8162 31-0788334 (State of Incorporation) (Commission File Number) (IRS Employer Identification No.) 280 Trumbull Street, 24th Floor, Hartford, Connecticut 06103 (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (860)-549-1674 (Former Name or Former Address, if Changed Since Last Report): 75 West Street, Simsbury, Connecticut, 06070 ACCEL INTERNATIONAL CORPORATION FORM 8-K CURRENT REPORT ITEM 5. OTHER EVENTS. (a) ACCEL International Corporation (ACCEL) announced today that the Pacific Coast Insurance Group, LLC ("PCIG"), a Florida Limited Liability Company has acquired all of the assets of ACCEL's subsidiary Acceleration Agency Group Inc. ("AAG") consisting primarily of twenty-nine (29) retail insurance sale locations (agencies) by assuming certain obligations of AAG and paying approximately $200,000 to reduce the debt held by a secured lender to AAG. (b) Announced that the joint venture of its subsidiary Allegiance Insurance Managers Limited ("AIM") with PC General Agency, Inc. (PC Group) relating to the ownership of Allegiance Claim Services LLC ("ACS") has been terminated by PC Group. (c) With the termination of ACS and the sale of the assets of AAG, the Registrant no longer has any operations, has no cash reserves, and has not been able to fully satisfy its creditors. The Registrant is still unable to file form 10K for 2000 and form 10Q for 2001 and its net worth is negative as previously reported. Methods for the most efficient way of winding down the Company are being considered but the Registrant believes that there will be no funds available for distribution to its stockholders. (d) Contact: Raymond H. Deck, President and Secretary ACCEL International Corporation, (860) 549-1674 ACCEL INTERNATIONAL CORPORATION FORM 8-K CURRENT REPORT SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACCEL INTERNATIONAL CORPORATION Date: February 6, 2002 By: /s/ Raymond H. Deck -------------------------------------------- Raymond H. Deck President & Secretary -----END PRIVACY-ENHANCED MESSAGE-----