-----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, WfICHabPtlvldqi4ZIIBe032X9Bu8Fuldc6JyHiI99SUxL4b0axBS7mg2xJPsYBA gLG980/vLSclTAbaqAL5fQ== 0000916641-01-000169.txt : 20010214 0000916641-01-000169.hdr.sgml : 20010214 ACCESSION NUMBER: 0000916641-01-000169 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010213 GROUP MEMBERS: THE TORRAY FUND GROUP MEMBERS: TORRAY ROBERT E & CO INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MARKEL CORP/VA CENTRAL INDEX KEY: 0000803509 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 540292420 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-39299 FILM NUMBER: 1538429 BUSINESS ADDRESS: STREET 1: 4521 HIGHWOODS PARKWAY CITY: GLEN ALLEN STATE: VA ZIP: 23060-3382 BUSINESS PHONE: 8047470136 MAIL ADDRESS: STREET 1: P O BOX 2009 CITY: GLEN ALLEN STATE: VA ZIP: 23058-2009 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TORRAY ROBERT E & CO INC CENTRAL INDEX KEY: 0000098758 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 520946142 STATE OF INCORPORATION: MD FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 6610 ROCKLEDGE DRIVE STE 450 CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3014934600 FORMER COMPANY: FORMER CONFORMED NAME: TORRAY ROBERT E INC DATE OF NAME CHANGE: 19600201 FORMER COMPANY: FORMER CONFORMED NAME: TORRAY CLARK & CO INC DATE OF NAME CHANGE: 19600201 FORMER COMPANY: FORMER CONFORMED NAME: TORRAY CLARK & CO INC /MD/ DATE OF NAME CHANGE: 19600201 SC 13G/A 1 0001.txt STATEMENT OF BENEFICIAL OWNERSHIP =============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Markel Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 570535104 ------------------------------ (CUSIP Number) December 31, 2000--Amendment pursuant to Rule 13d-2(b) - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). =============================================================================== CUSIP NO. 570535104 ----------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Robert E. Torray & Co., Inc. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Maryland - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF -0- shares SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 441,000 shares OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING -0- shares PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 441,000 shares - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 693,205 shares - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] Not applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 9.5% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 IA - ------------------------------------------------------------------------------ =============================================================================== CUSIP NO. 570535104 ----------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). The Torray Fund--I.R.S. No. 521710083 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Massachusetts - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF -0- shares SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 252,205 shares OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING -0- shares PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 252,205 shares - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 693,205 shares - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] Not applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 9.5% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 IV - ------------------------------------------------------------------------------ =============================================================================== Item 1 (a) Name of Issuer Markel Corporation (the "Issuer") (b) Address of Issuer's Principal Executive Offices 4521 Highwoods Parkway Glen Allen VA 23060-6148 Item 2 (a) Name of Person Filing Robert E. Torray & Co., Inc. and The Torray Fund are sometimes referred to collectively herewith as the "Reporting Persons." (b) Address of Principal Business Office or, if none, Residence The address of the principal business office of Robert E. Torray & Co. Inc. and The Torray Fund is 6610 Rockledge Drive, Suite 450, Bethesda, MD 20817-1869. (c) Citizenship Robert E. Torray & Co., Inc. is a Maryland corporation. The Torray Fund is a Massachusetts business trust. (d) Title of Class of Securities Common Stock (e) CUSIP Number 570535104 Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [X] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with (S)240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with (S)240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with (S)240.13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: Each of the Reporting Persons may be deemed to own beneficially 693,205 shares of Common Stock of the Issuer at December 31, 2000. (b) Percent of class: 9.5% for all Reporting Persons (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 shares for all Reporting Persons. (ii) Shared power to vote or to direct the vote: 441,000 and 252,205 shares for Robert E. Torray & Co., Inc. and The Torray Fund, respectively. (iii) Sole power to dispose or to direct the disposition of: 0 shares for all Reporting Persons. (iv) Shared power to dispose or to direct the disposition of: 441,000 and 252,205 shares for Robert E. Torray & Co., Inc. and The Torray Fund, respectively. Instruction. For computations regarding securities which represent a right to acquire an underlying security see (S)240.13d-3(d)(1). Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [_] Instruction: Dissolution of a group requires a response to this item. Item 6. Ownership of More than Five Percent on Behalf of Another Person. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Not applicable. Item 8. Identification and Classification of Members of the Group. If a group has filed this schedule pursuant to (S)240.13d- 1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 240.13d-1(c) or Rule 240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not applicable. Item 9. Notice of Dissolution of Group. Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not applicable. Item 10. Certification. By signing below we certify that, to the best of our knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct and may be filed jointly with The Torray Fund. Dated: February 12, 2001 ROBERT E. TORRAY & CO., INC. By: /s/ Douglas C. Eby ---------------------- Name: Douglas C. Eby Title: President SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct and may be filed jointly with Robert E. Torray and Co., Inc. Dated: February 12, 2001 THE TORRAY FUND By: /s/ Douglas C. Eby ---------------------- Name: Douglas C. Eby Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----