-----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, El7zYGOenqJnIGbPWh+CRp0dv4MUBxd4glFyx3qqCBFu2AA/yBVVudec6VQJkqoU jIhe3bZ7WFZX6bWaIdPieQ== 0001047469-97-008316.txt : 19990909 0001047469-97-008316.hdr.sgml : 19990909 ACCESSION NUMBER: 0001047469-97-008316 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971218 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971219 DATE AS OF CHANGE: 19990908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARTFORD FINANCIAL SERVICES GROUP INC/DE CENTRAL INDEX KEY: 0000874766 STANDARD INDUSTRIAL CLASSIFICATION: 6411 IRS NUMBER: 133317783 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13958 FILM NUMBER: 97741070 BUSINESS ADDRESS: STREET 1: HARTFORD PLZ CITY: HARTFORD STATE: CT ZIP: 06115 BUSINESS PHONE: 8605475000 MAIL ADDRESS: STREET 1: HARTFORD PLAZA T-15 CITY: HARTFORD STATE: CT ZIP: 06115 FORMER COMPANY: FORMER CONFORMED NAME: ITT HARTFORD GROUP INC /DE DATE OF NAME CHANGE: 19930328 8-K 1 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): DECEMBER 18, 1997 THE HARTFORD FINANCIAL SERVICES GROUP, INC. ------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 0-19277 13-3317783 - - --------------- ---------------- ---------------- (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation) HARTFORD PLAZA HARTFORD, CONNECTICUT 06115-1900 - - ---------------------- ----------------- (Address of principal (Zip Code) executive offices) Registrant's telephone number: (860) 547-5000 --------------- 2 ITEM 5. OTHER EVENTS. - - ------- ------------- On December 18, 1997, The Hartford Financial Services Group, Inc. ("The Hartford") announced that its Board of Directors authorized the repurchase of up to $1 billion of the Hartford's shares of outstanding common stock. Additional information is set forth in The Hartford's press release which is filed as an exhibit hereto. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. - - ------- ---------------------------------- (c) The following is filed as an exhibit to this Current Report: EXHIBIT NUMBER DESCRIPTION - - -------- ----------- 99.1 Press release dated December 18, 1997. 3 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 HARTFORD FINANCIAL SERVICES GROUP, INC. Date: December 19, 1997 By: /s/ James J. Westervelt ----------------------------- Name: James J. Westervelt Title: Senior Vice President and Group Controller 4 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - - -------- ----------- 99.1 Press release dated December 18, 1997. EX-99.1 2 EX99.1 NEWS RELEASE EXHIBIT 99.1 THE HARTFORD NEWS RELEASE Hartford Plaza, Hartford, CT 06115 Date: December 18, 1997 For Release: Upon Receipt Contact: Joyce Willis Sue Honeyman Office: 860/547-4951 Office: 860/547-4976 Home: 860/286-0202 Home: 203/397-9233 HARTFORD BOARD AUTHORIZES $1 BILLION SHARE REPURCHASE HARTFORD, CONN. -- At a regularly scheduled meeting today, the board of directors of The Hartford Financial Services Group, Inc. authorized the repurchase of up to $1 billion of the company's outstanding common stock. The Hartford will be able to repurchase its common stock in the open market or in privately negotiated transactions over a three-year period beginning early next year. The Company currently has approximately 118 million common shares outstanding. Hartford Chairman Ramani Ayer said, "This action is consistent with our commitment to aggressively manage our shareholders' capital and to build long-term superior value for our owners. As we have said on previous occasions, our capital priorities are investing in growth, supporting the balance sheet, and developing our distribution capabilities. We will continue to manage each of these priorities in conjunction with the stock repurchase program we have announced today." The Hartford (NYSE: HIG) is one of the nation's oldest and largest international insurance and financial services operations, with 1996 revenues of $12.5 billion. As of September 30, 1997, The Hartford had assets of $126.8 billion and shareholder equity of $5.8 billion. It is a leading provider of commercial property and casualty insurance, automobile and homeowners coverages, and a variety of life insurance, annuities, employee benefits and asset management plans. The Hartford's Internet address is http://www.thehartford.com. -----END PRIVACY-ENHANCED MESSAGE-----