-----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, DEteSvmCq2mmNdRj9Qzn9lAhwP5F26AfTlaKaTPM3ccT9LktmoDAGp8gVTcjAxB4 8j1MzJwm993uOHsS5ngePA== 0000916641-97-000097.txt : 19970222 0000916641-97-000097.hdr.sgml : 19970222 ACCESSION NUMBER: 0000916641-97-000097 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WALSHIRE ASSURANCE COMPANY CENTRAL INDEX KEY: 0000818155 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 232023240 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-39229 FILM NUMBER: 97529233 BUSINESS ADDRESS: STREET 1: 3350 WHITEFORD RD STREET 2: PO BOX 3849 CITY: YORK STATE: PA ZIP: 17402 BUSINESS PHONE: 7177570000 MAIL ADDRESS: STREET 1: 3350 WHITEFORD RD STREET 2: PO BOX 3849 CITY: YORK STATE: PA ZIP: 174020138 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MARKEL CORP 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 BUSINESS ADDRESS: STREET 1: 4551 COX RD 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 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* Walshire Assurance Company --------------------------------------------------- (Name of Issuer) Common Stock, Par Value $.01 Per Share -------------------------------------------------- (Title of Class of Securities) 933132102 ------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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. 933132102 1) Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Markel Corporation 54-0292420 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3) SEC Use Only . . . . . . . . . . . . . . . . . . . . 4) Citizenship or Place of Organization Virginia Corporation Number of Shares (5) Sole Voting Power 387,406 Beneficially Owned by Each Reporting (6) Shared Voting Power -0- Person With (7) Sole Dispositive Power 387,406 (8) Shared Dispositive Power 31,077 9) Aggregate Amount Beneficially Owned by Each Reporting Person 418,483 10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) . . . . . . . . . . . . . 11) Percent of Class Represented by Amount in Row 9 9.3% 12) Type of Reporting Person (See Instructions) HC, CO Item 1 (a). Name of Issuer: Walshire Assurance Company Item 1 (b). Address of Issuer's Principal Executive Offices: 3350 Whiteford Road York, Pennsylvania 17402 Item 2 (a). Name of Person Filing: Markel Corporation Item 2 (b). Address or Principal Business Office or, if none, Residence: 4551 Cox Road Glen Allen, Virginia 23060 Item 2 (c). Citizenship: Not applicable Item 2 (d). Title of Class of Securities: Common Stock, par value $.01 per share Item 2 (e). CUSIP Number: 933132102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the person filing, Markel Corporation, is a parent holding company in accordance with Rule 13-1(b) (ii) (G). (Note: See Item 7). Item 4. Ownership (a) Amount Beneficially Owned: 418,483 (b) Percent of Class: 9.3% CUSIP NO. 933132102 13G (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 387,406 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 387,406 (iv) shared power to dispose or to direct the disposition of: 31,077 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Essex Insurance Company, Markel American Insurance Company and Evanston Insurance Company (each subsidiaries of Markel Corporation) and certain other investors advised by Markel Gayner Asset Management Corporation, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the stock of Walshire Assurance Company (the "Company"). Evanston Insurance Company, through its ownership of Common Stock and its ownership of 60,000 shares of the Convertible Preferred Stock of the Company, is deemed to be the beneficial owner of 309,124 shares or 6.8% of the Common Stock of the Company as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit(s) A and B. Item 8. Identification and Classification of Members of the Group. Not applicable, see attached Exhibit A. Item 9. Notice of Dissolution of Group. Not applicable. CUSIP NO. 933132102 13G Item 10. Certification. By signing below I certify that to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such 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. Date: February 13, 1997 ----------------- Signature: /s/ Alan I. Kirshner --------------------- Title: Chairman -------- CUSIP NO. 933132102 13G EXHIBIT A --------- SCHEDULE 13G ------------ Pursuant to the instructions in Item 7 of Schedule 13G, Markel Gayner Asset Management Corporation, ("Markel Gayner") 4551 Cox Road, Glen Allen, Virginia 23060, a wholly owned subsidiary of Markel Corporation and an investment adviser registered under the Investment Advisers Act of 1940, is the beneficial owner of 418,483 shares or 9.3% of the outstanding Common Stock of Walshire Assurance Company (the "Company") as a result of acting as investment adviser to Essex Insurance Company, Markel American Insurance Company, Evanston Insurance Company (each wholly owned subsidiaries of Markel Corporation) and certain other investors. Markel Corporation, through its control of Markel Gayner, Essex Insurance Company, Markel American Insurance Company and Evanston Insurance Company, has sole power to direct the voting and disposition of shares of Common Stock of the Company held by those entities. Markel Corporation, through its control of Markel Gayner, has shared power to direct the disposition, but not the voting, of shares of Common Stock of the Company held by certain other investors advised by Markel Gayner. CUSIP NO. 933132102 13G EXHIBIT B --------- RULE 13d-1(f) AGREEMENT The undersigned persons on this 13th day of February, 1997, agree and consent to the joint filing on their behalf of this Amendment No. 2 to Schedule 13G in connection with their beneficial ownership of the Common Stock of Walshire Assurance Company. MARKEL CORPORATION By: /s/ Alan I. Kirshner --------------------- Title: Chairman -------- ESSEX INSURANCE COMPANY By: /s/ Alan I. Kirshner -------------------- Title: Chairman -------- MARKEL AMERICAN INSURANCE COMPANY By: /s/ Alan I. Kirshner --------------------- Title: Chairman -------- EVANSTON INSURANCE COMPANY By: /s/ Anthony F. Markel ---------------------- Title: Chairman and Chief Executive Officer ------------------------------------ MARKEL GAYNER ASSET MANAGEMENT CORPORATION By: /s/ Thomas S. Gayner --------------------- Title: President --------- CUSIP NO. 933132102 13G -----END PRIVACY-ENHANCED MESSAGE-----