-----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, UY2PbVo1hhccfXOt8onj1pcGtNgOmHxB4Uoj91xuH7LxSufMYFzv/j/V1ylU3NK0 2EW+gISoQJhGIGl/0RVC7g== 0000021175-98-000001.txt : 19980209 0000021175-98-000001.hdr.sgml : 19980209 ACCESSION NUMBER: 0000021175-98-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980205 ITEM INFORMATION: FILED AS OF DATE: 19980206 SROS: CSE SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNA FINANCIAL CORP CENTRAL INDEX KEY: 0000021175 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 366169860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05823 FILM NUMBER: 98524601 BUSINESS ADDRESS: STREET 1: CNA PLZ CITY: CHICAGO STATE: IL ZIP: 60685 BUSINESS PHONE: 3128225000 MAIL ADDRESS: STREET 1: CNA PLAZA CITY: CHICAGO STATE: IL ZIP: 60685 8-K 1 FORM 8-K ================================================================================ 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) February 4, 1998 ------------------------------------- CNA FINANCIAL CORPORATION (Exact Name of Registrant as Specified in Charter) DELAWARE 1-5823 36-6169860 (State or Other Jurisdiction Commission (IRS Employer of Incorporation) (File Number) Identification No.) CNA PLAZA CHICAGO, ILLINOIS 60685 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (312) 822-5000 (Former Name or Former Address, if Changed Since Last Report) ================================================================================ Item 5. OTHER EVENTS Exhibit No. Description - ----------- ----------- Exhibit 99.01 On February 4, 1998, CNA Financial Corporation (CNA) issued a press release, announcing that Bernard Hengesbaugh has been appointed to the newly created position of executive vice president and chief operating officer of CNA's insurance and insurance-related operations. Hengesbaugh will have responsibility for overall operating performance of the Company's eight operating departments and 30 strategic business units. Replacing Hengesbaugh as president and chief operating officer of CNA's Specialty Operations Department is Thomas Taylor. Peter Wilson has been named to replace Taylor as president and chief operating officer of CNA Financial Insurance. A copy of the press release is attached hereto as Exhibit 99.01 and is incorporated herein by reference. 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 thereunto duly authorized. CNA FINANCIAL CORPORATION Date: February 6, 1998 By: W. JAMES MACGINNITIE ---------------- -------------------- W. James MacGinnitie Senior Vice President and Chief Financial Officer EX-99 2 EXHIBIT 99.01 Media Contact: Roger Morris CNA 312-822-4195 CNA Plaza Clark Walter Chicago IL 60685 312-822-1454 Analysts: Deborah Kamp 312-822-7752 - -------------------------------------------------------------------------------- NEWS FOR IMMEDIATE RELEASE CNA NAMES HENGESBAUGH CHIEF OPERATING OFFICER Taylor To Head CNA Specialty Operations And Wilson To Head CNA Financial Insurance (Chicago) Feb. 4, 1998 -- CNA Chairman and Chief Executive Officer Dennis Chookaszian today announced the appointment of Bernard "Bernie" Hengesbaugh to the newly created position of executive vice president and chief operating officer for the Chicago-based insurance organization. Hengesbaugh will have responsibility for overall operating performance of the company's eight operating departments and 30 strategic business units. "For more than 100 years, CNA has been built on financial strength, stability, and commitment," said Chookaszian. "While our current operating results have been good and on par with the industry, as we begin our second century we are committed to taking the steps necessary to become a world-class organization at all levels. The creation of this new position is a key initiative in our overall strategy." Hengesbaugh has been president and chief operating officer for CNA's Specialty Operations Department since 1990. In that position, he has overseen seven major businesses at CNA including CNA HealthPro, CNA Financial Insurance, CNA Pro (professional liability), CNA E&S (excess & select), CNA Agriculture, Entertainment Coalition and Hedge Financial Products. "I will work daily with the department heads and the business units to ensure that we sharpen our focus on strategic issues, meet our goals, improve our market position, and enhance shareholder value," said Hengesbaugh. -more- -2- Replacing Hengesbaugh as president and chief operating officer of CNA's Specialty Operations Department is Thomas Taylor. He has served as president of CNA Financial Insurance since 1992. Peter Wilson, senior vice president of corporate governance for CNA Financial Insurance since 1992, has been named to replace Taylor as president and chief operating officer for that business. Hengesbaugh joined CNA in 1980 as vice president of the Corporate Accounting Division in the Financial Services Department. and was named vice president and controller, Field Operations Department, in 1984. During that time, his field responsibilities were expanded to include the individual life and personal lines processing centers and individual health operations. Prior to joining CNA, he was a partner with Deloitte & Touche (formerly Touche Ross & Co.). Hengesbaugh is a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants. He is also a member of the board of directors of the Joint Commission on Accreditation of Healthcare Organizations. He earned a master's degree in business administration from Indiana University and a bachelor of science degree from St. Joseph's College. Taylor joined CNA in 1992 as president of the Financial Insurance Division. Before joining CNA, he held positions in actuarial, claims, underwriting and reinsurance management with Chubb, AIG and USAA. He received a bachelor's degree in economics from Texas A&M University. Prior to joining CNA, Wilson was with the American International Group for 10 years, managing its commercial D&O portfolio. He received a bachelor's degree in economics from Syracuse University. CNA is one of the world's premier insurance organizations, ranking among the top 10 U.S. insurance groups. Since 1897, CNA has built on a foundation of financial strength, stability and commitment to customers and business partners. CNA is a registered service mark name of CNA Financial Corporation. # # # -----END PRIVACY-ENHANCED MESSAGE-----