-----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, Dt9DcI2W67CjH+Rsmnu3Mau3ClzRRnU+8UgGhgGaXRQmwtHGvt0HH5Gz4Qt1ixaH bOYHUX3fAVG9ZIGpkLpPpw== 0001104659-02-000719.txt : 20020415 0001104659-02-000719.hdr.sgml : 20020415 ACCESSION NUMBER: 0001104659-02-000719 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020315 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRESERVER GROUP INC CENTRAL INDEX KEY: 0000068480 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 220747730 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00671 FILM NUMBER: 02575600 BUSINESS ADDRESS: STREET 1: 95 ROUTE 17 SOUTH CITY: PARAMUS STATE: NJ ZIP: 07653 BUSINESS PHONE: 2012912000 MAIL ADDRESS: STREET 1: 95 ROUTE 17 SOUTH CITY: PARAMUS STATE: NJ ZIP: 07653-0931 FORMER COMPANY: FORMER CONFORMED NAME: MOTOR CLUB OF AMERICA DATE OF NAME CHANGE: 19920703 8-K 1 j3217_8k.htm 8-K SECURITIES AND EXCHANGE COMMISSION

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 of earliest event reported):  March 15, 2002

Preserver Group, Inc.
(Exact name of registrant as specified in its charter)

 

New Jersey

 

0-671

 

                 22-0747730

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation or organization)

 

File Number)

 

Identification No.)

 

95 Route 17 South
Paramus, New Jersey  07653
(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (201) 291-2000

(Former name or former address, if changed since last report)

 

 

Item 7 — Financial Statements, Pro Forma Financial Information and Exhibits.

(c)           Exhibits

The following Exhibit is filed as part of this report:

99.1-                       Preserver Group, Inc. Press Release (March 15, 2002).

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, hereto duly authorized.

Dated:  March 15, 2002

PRESERVER GROUP, INC.

 

By: /s/ Patrick J. Haveron

Patrick J. Haveron

Executive Vice President

Chief Executive Officer and

Chief Financial Officer

 

2

 EX-99.1 3 j3217_ex99d1.htm EX-99.1 Exhibit 99

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

 

Patrick J. Haveron, CPA

Executive Vice President - Chief Executive Officer

Preserver Group, Inc.

95 Route 17 South

Paramus, NJ 07653

201-291-2112

E-mail: phaveron@preserver.com

 

 

PRESERVER GROUP ANNOUNCES

NEXT STEPS IN GOING PRIVATE TRANSACTION

 

PARAMUS, NJ, March 15, 2002 - - Preserver Group, Inc. (NASDAQ: PRES) (“Company”) today announced its plans to complete the steps necessary to become a private company owned by members of the Company’s Executive Committee and their affiliates.

 

As a result of the successful tender offer completed on February 28, 2002, the Company no longer meets the listing requirements of the NASDAQ National Market and on March 18, 2002, expects to file a Form 15 with the Securities and Exchange Commission. As a result, the Company will thereafter no longer need to comply with the periodic reporting requirements of the Securities Exchange Act of 1934 and will delist itself off the NASDAQ National Market effective March 18, 2002.

 

Prior to March 30, 2002, the Company expects to file an information statement with the SEC under the applicable rules, advising shareholders of the steps that will take place to complete the previously announced Merger. This information statement is expected to include the consent of a sufficient number of shareholders under New Jersey law that will conclude the merger between the Company and an affiliate of the Executive Committee on April 18, 2002. Under this anticipated procedure, the affirmative vote or consent of any other shareholder is not required.

 

The Merger price per share will be $7.75, the same price per share as in the completed tender offer. Additional information or questions regarding the Merger should be directed to Preserver Group Investor Relations by telephone at 201-291-2112 or by e-mail at sharesv@preserver.com.

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The Preserver Insurance Group consists of Preserver Insurance Company, which writes small commercial and homeowners insurance presently in New Jersey, and Mountain Valley Indemnity Company, which writes small and mid-sized commercial insurance presently in New England and New York.  The Preserver Insurance Group is rated B++ (Very Good) by A.M. Best Company.  American Colonial Insurance Company plans to commence operations in New York in 2002, writing commercial lines in tandem with Mountain Valley.

Motor Club of America Insurance Company writes private passenger automobile insurance in New Jersey and is rated B (Fair) by A.M. Best.  North East Insurance Company writes private passenger automobile and small commercial lines insurance in the State of Maine and is rated B (Fair) by A.M. Best.

 

# # # # # #

THIS NEWS RELEASE IS ALSO AVAILABLE AT

WWW.PRESERVER.COM

# # # # # #

 

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