-----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, WASN3J4t6RTXD7LZZ5EHL5caCjoMsSwsRurkFK5f39Haj7/t3amxfl1d5/b2dhqK +OyWlshnAvHPOW9Ek6LZaA== 0000898430-01-001243.txt : 20010410 0000898430-01-001243.hdr.sgml : 20010410 ACCESSION NUMBER: 0000898430-01-001243 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010402 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMWEST INSURANCE GROUP INC CENTRAL INDEX KEY: 0000780118 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 952672141 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09580 FILM NUMBER: 1595246 BUSINESS ADDRESS: STREET 1: 5230 LAS VIRGENES RD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8188712000 MAIL ADDRESS: STREET 1: 5230 LAS VIRGENES RD CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 0001.txt 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): April 2, 2001 ------------- Amwest Insurance Group, Inc. ---------------------------- (Exact name of Registrant as specified in its charter)
Delaware 1-9580 95-2672141 - --------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File number) Identification No.)
5230 Las Virgenes Road, Calabasas, 91302 - --------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (818) 871-2000 -------------- This document contains a total of 5 pages. The exhibit index begins on Page 3. Page 1 of 5 Pages ITEM 5. Other Events On April 2, 2001, the Registrant announced the promotion of Jeffrey A. Shonka to the position of President and Chief Operating Officer and Phillip E. Huff to the position of Executive Vice President and Chief Financial Officer. A copy of the press release dated April 2, 2001, announcing the above is attached hereto as Exhibit 99-1. ITEM 7. Financial Statements and Exhibits The following is furnished as an Exhibit to this report: 99-1 Press Release of Registrant dated April 2, 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AMWEST INSURANCE GROUP, INC. Dated: April 3, 2001 By: /s/ Phillip E. Huff ------------------- Phillip E. Huff Executive Vice President Chief Financial Officer Page 2 of 5 Pages INDEX OF EXHIBITS Exhibit Sequentially Number Description Numbered Page - ------ ----------- ------------- 99-1 Press Release of Registrant dated April 2, 2001 4 Page 3 of 5 Pages EX-99.1 2 0002.txt PRESS RELEASE DATED APRIL 2, 2001 EXHIBIT 99.1 Charles Schultz (818) 871-2001 AMWEST INSURANCE GROUP, INC. ANNOUNCES EXECUTIVE MANAGEMENT PROMOTIONS - -------------------------------------------------------------------------------- CALABASAS, CA. - April 2, 2001 - Amwest Insurance Group, Inc. (AMEX:AMW) (PCXE:AMW) announced the promotions of Jeffrey A. Shonka to the position of President and Chief Operating Officer and Phillip E. Huff to the position of Executive Vice President and Chief Financial Officer. Shonka, 38, has been with Amwest for almost 13 years and has served in a number of senior management positions including the head of its Court and Property/Casualty divisions. Chairman and Chief Executive Officer, Charles L. Schultz commented, "Jeff has been a great contributor to the development of our strategies to drive growth and improve profitability in each of these divisions." Huff, 39, joined the Company in 1987 and has held a variety of positions including Controller, Treasurer and, most recently, Senior Vice President - Finance. Schultz commented, "Phillip's extensive experience with Amwest's financial processes and reporting responsibilities will provide a strong foundation as he assumes additional operational oversight." Schultz commented further, "Amwest has in each of these two individuals a strong mixture of experience and drive which will prove invaluable as the Company moves forward." Amwest is a Calabasas-based insurance holding company underwriting surety insurance through Amwest Surety Insurance Company and Far West Insurance Company. Certain statements contained in this news release regard matters that are not historical facts and are forward-looking statements. Because such forward- looking statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include but are not limited to: failure of the reorganization plan to be effective, failure of the Company to obtain any regulatory Page 4 of 5 Pages approvals from the Nebraska Commissioner of Insurance or the California Commissioner of Insurance that may be required in connection with implementation of the reorganization plan, the ineffectiveness of underwriting and other changes made by management, a further deterioration in premiums written or losses incurred in the Company's surety business, the ability to achieve the projected writings of court products, failure of any of the assumptions underlying the reorganization plan to materialize, the lack of adherence by Company personnel to the Company's underwriting guidelines, failure of the Company to obtain a favorable review from A.M. Best of its rating following implementation of the reorganization plan, failure of the Company to raise additional capital or to successfully consummate a strategic alliance, a reduction in the investment yield earned on the Company's investment portfolio, or general economic decline. The Company undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. # # # Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----