-----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, Ass5r+duh8quQt+r+9A9VV3i0+PXhZ9L/DTlKdnG04mNkL7LFM5fzaA7NqmnX3mb IoVy9y3RjXGBAr1kGYpqBg== 0000878897-04-000040.txt : 20040923 0000878897-04-000040.hdr.sgml : 20040923 20040923091144 ACCESSION NUMBER: 0000878897-04-000040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040923 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040923 DATE AS OF CHANGE: 20040923 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN MEDICAL SECURITY GROUP INC CENTRAL INDEX KEY: 0000878897 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 391431799 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13154 FILM NUMBER: 041041988 BUSINESS ADDRESS: STREET 1: 3100 AMS BLVD CITY: GREEN BAY STATE: WI ZIP: 54313 BUSINESS PHONE: 9206611111 MAIL ADDRESS: STREET 1: 3100 AMS BLVD CITY: GREEN BAY STATE: WI ZIP: 54313 FORMER COMPANY: FORMER CONFORMED NAME: UNITED WISCONSIN SERVICES INC /WI DATE OF NAME CHANGE: 19930328 8-K 1 form_8k.txt AMERICAN MEDICAL SECURITY GROUP, INC. UNITED STATES 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) SEPTEMBER 23, 2004 (SEPTEMBER 23, 2004) ------------------------------- - --------- AMERICAN MEDICAL SECURITY GROUP, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Wisconsin 1-13154 39-1431799 - -------------------------------------------------------------------------------- (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 3100 AMS Boulevard Green Bay, Wisconsin 54313 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (920) 661-1111 ----------------------------- - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) 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): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01 OTHER EVENTS. The following is a report of recent developments in a previously reported legal proceeding. On September 23, 2004, American Medical Security Group, Inc. (the "Company") announced that it reached an agreement to settle a class-action lawsuit - Addison v. American Medical Security, Inc. and United Wisconsin Life Insurance Company (subsidiaries of the Company) - pending in the Circuit Court for Palm Beach County, Florida. The agreement to settle is subject to approval by the Circuit Court. The Company believes it is adequately reserved for the anticipated cost of the settlement and related expenses. As a result, the agreement is expected to have no material effect on the Company's earnings or results of operations. A copy of the press release issued by the Company related to the agreement to settle is attached hereto as Exhibit 99 and incorporated herein by reference. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS See the Exhibit Index following the Signature page of this report, which is incorporated herein by reference. 2 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 thereunto duly authorized. AMERICAN MEDICAL SECURITY GROUP, INC. Dated: September 23, 2004 /S/ JOHN R. LOMBARDI ------------------------------------- Executive Vice President and Chief Financial Officer 3 AMERICAN MEDICAL SECURITY GROUP, INC. (THE "REGISTRANT") (COMMISSION FILE NO. 1-13154) EXHIBIT INDEX TO FORM 8-K CURRENT REPORT DATE OF REPORT: SEPTEMBER 23, 2004 EXHIBIT FILED NUMBER DESCRIPTION HEREWITH - ------- ----------- -------- 99 Press Release dated September 23, 2004, X issued by the Registrant EX-99 2 exhibit_99.txt PRESS RELEASE EXHIBIT 99 [AMERICAN MEDICAL SECURITY GROUP, INC. LOGO.] P.O. Box 19032 Green Bay, WI 54307-9032 FOR MORE INFORMATION CONTACT: Cliff Bowers Vice President Corporate Communications (920) 661-2766 - ------------------------------- NEWS RELEASE for Immediate Release - ------------------------------- AMERICAN MEDICAL SECURITY GROUP REACHES SETTLEMENT AGREEMENT IN CLASS-ACTION LAWSUIT GREEN BAY, Wis. - September 23, 2004 - American Medical Security Group, Inc. (NYSE: AMZ) (AMS), and plaintiffs' attorneys have reached an agreement to settle a class-action lawsuit -- Addison v. American Medical Security, Inc. and United Wisconsin Life Insurance Company (subsidiaries of AMS) -- pending in the Circuit Court of Palm Beach County Florida. The agreement is expected to be presented to the Circuit Court for preliminary approval today. The lawsuit, filed in 2002, involves issues relating to discontinuation of health insurance policies in 1998 and a rating methodology formerly used by the company. Under terms of the agreement, there is no admission or implication of liability or wrongdoing on the part of AMS. Also, upon final approval, all claims of participating class members will be dismissed and the litigation terminated in exchange for consideration from AMS. According to AMS, the company is adequately reserved for the anticipated cost of the settlement and related expenses. As a result, the agreement is expected to have no material effect on the company's earnings or results of operations. "We believe our actions in the state of Florida have at all times been fair, lawful and in the interest of our customers," said Samuel V. Miller, AMS Chairman, President & Chief Executive Officer. "However, this settlement allows us to remove a considerable distraction and expense from our business." More Ad One American Medical Security Group, through its operating subsidiaries, markets health-care benefits and insurance products to small businesses, families and individuals. Insurance products of American Medical Security Group are underwritten by United Wisconsin Life Insurance Company. The company serves customers nationwide through partnerships with professional, independent agents and quality health care providers. # # # # # CAUTIONARY STATEMENT: Some of the statements contained in this press release are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, forward-looking statements express expectations for or about the future, rather than historical fact. Forward-looking statements are subject to inherent risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such statements. Such risks and uncertainties include, among others, the possibility that the Circuit Court may not approve the settlement agreement upon terms that are satisfactory to the Company, the actual cost of the settlement consideration and related expenses exceeds the Company's reserves for the liability, the potential that the Company's insurance carrier declines the Company's claim for the litigation and other factors that may be referred to in American Medical Security Group, Inc.'s reports filed with the Securities and Exchange Commission from time to time. Forward-looking statements made in this press release express expectations only as of the date they are made. The company does not undertake any obligation to update or revise such statements as a result of new information or future events, except as required by law. -----END PRIVACY-ENHANCED MESSAGE-----