-----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, Ut4BM20BjazvPCjKPeLsYsCWcEshwIqH2qetWYFECOaRQEK6diUS9wuUkPEzADUH bRdfecb79oW/RUQvjFgomQ== 0001104659-05-028791.txt : 20050617 0001104659-05-028791.hdr.sgml : 20050617 20050617163356 ACCESSION NUMBER: 0001104659-05-028791 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050615 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050617 DATE AS OF CHANGE: 20050617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NAVIGATORS GROUP INC CENTRAL INDEX KEY: 0000793547 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 133138397 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15886 FILM NUMBER: 05903550 BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: 55TH FL CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2122442333 MAIL ADDRESS: STREET 1: ONE PENN PLAZA 55TH FL CITY: NEW YORK STATE: NY ZIP: 10119 8-K 1 a05-10987_18k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or15 (d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest reported event): June 15, 2005

 

The Navigators Group, Inc.

(Exact name of registrant as specified in its chapter)

 

DELAWARE

 

0-15886

 

13-3138397

(State of
organization)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification No.)

 

One Penn Plaza, New York, NY

 

10119

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (914) 933-6025

 

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 (SEE General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 1.01    Entry into a Material Definitive Agreement

 

Pursuant to the Company’s employee bonus program, which promotes the Company’s pay-for-performance philosophy by providing employees with the potential for cash and stock awards, Mr. David E. Hope, Managing Director of Navigators Underwriting Agency Ltd., was awarded a bonus for 2004 of 6,000 shares of the Company’s common stock effective June 15, 2005 and vesting over a four year period.  The awards under this program are based on corporate performance (including combined ratio, return on equity and change in gross written premium), divisional performance and individual performance, with the guidelines established by the Compensation Committee of the Company’s Board of Directors and the range of individual awards depending on each employee’s position within the organization.  Mr. Hope is a named executive officer in the Company’s Proxy Statement dated April 7, 2005.

 

The shares of common stock representing the 2004 bonus awarded to Mr. Hope were granted pursuant to the Company’s 2005 Stock Incentive Plan.

 

 

SIGNATURE

 

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.

 

 

 

 

THE NAVIGATORS GROUP, INC.

 

 

 

(Registrant)

 

 

 

 

 

 

 

 

/s/ Bradley D. Wiley

 

 

 

Name:

Bradley D. Wiley

 

 

Title:

Senior Vice President, Financial Compliance
Officer and Secretary

 

 

 

 

 

 

Date: June 17, 2005

 

 

 

2

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