-----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, TqzE7PioAYd6SU7CY3MuDAxwwb8T590FYSeqAz+StYRFSi9+RYJ3w/WFBV9b7ZnQ ybP3JAR6gGskl+tD+/h4/A== 0000950130-96-002994.txt : 19960928 0000950130-96-002994.hdr.sgml : 19960928 ACCESSION NUMBER: 0000950130-96-002994 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19960808 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960809 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EVEREST REINSURANCE HOLDINGS INC CENTRAL INDEX KEY: 0000914748 STANDARD INDUSTRIAL CLASSIFICATION: 6321 IRS NUMBER: 223263609 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-71652 FILM NUMBER: 96607128 BUSINESS ADDRESS: STREET 1: THREE GATEWAY CENTER CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 2018028000 MAIL ADDRESS: STREET 1: THREE GATEWAY CENTER CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL REINSURANCE HOLDINGS INC DATE OF NAME CHANGE: 19931115 8-K 1 FORM 8-K 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 and Exchange Act of 1934 August 8, 1996 - - - -------------------------------------------------------------------------------- Date of Report (Date of earliest event reported) Everest Reinsurance Holdings, Inc. ------------------------------------------------------ (Exact name of Registrant as specified in its charter) Delaware ---------------------------------------------- (State or other jurisdiction of incorporation) 1-13816 ------------------------- (Commission File Number) 22-3263609 ------------------------------------ (IRS Employer Identification Number) 3 Gateway Center Newark, New Jersey 07102 ----------------------------------------- (Address of principal executive offices) (201) 802-8000 ------------------------------ (Registrant's telephone number) Page 1 of 5 ITEM 4. CHANGES IN COMPANY'S INDEPENDENT ACCOUNTANT (a) Previous Independent Accountants -- On August 6, 1996, Everest Reinsurance Holdings, Inc. (the "Registrant") dismissed its independent accountants, Deloitte & Touche LLP. Prior to August 6, 1996, Deloitte & Touche LLP was engaged to audit the Registrant's financial statements. The reports by Deloitte & Touche LLP on the Registrant's financial statements for the fiscal years ended December 31, 1995 and December 31, 1994 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainity, audit scope or accounting principles. The dismissal of the former accountants was approved by the Registrant's Audit Committee. During the Company's two most recent fiscal years, and through August 6, 1996, there were no disagreements with Deloitte & Touche LLP on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resloved to the satisfaction of Deloitte & Touche LLP, would have caused them to make reference to the subject matter of the disagreement in their reports. Also, there were no reportable events of the nature described in Regulation S-K Item 304(a) (1) (v) during the Company's two most recent fiscal years and through August 6, 1996. (b) New Independent Accountants -- The Registrant engaged Coopers & Lybrand L.L.P. as its new independent accountants as of August 6, 1996. During the two most recent fiscal years and through August 6, 1996, the Registrant has not consulted with Coopers & Lybrand L.L.P. regarding (1) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on Registrant's financial statements or (2) the subject matter of disagreement or a reportable event with the former auditor (as described in Regulation S-K Item 304(a) (1) (v). ITEM 5. OTHER EVENTS (a) On August 1, 1996, the Registrant issued a news release announcing that Robert A. Mulderig has become a director of the Registrant. A copy of the news release is filed herewith as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits -------- Exhibit No. Description ----------- ----------- 16 Letter from Deloitte & Touche LLP regarding Item 4 (a). 99.1 New Release of the Registrant, dated August 1, 1996. Page 2 of 5 SIGNATURES ---------- 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. EVEREST REINSURANCE HOLDINGS, INC. /s/ Janet Burak Melchione ----------------------------------------- Janet Burak Melchione Senior Vice President, General Counsel and Secretary Dated: August 8, 1996 EXHIBIT INDEX Exhibit No. Description Page No. - - - ----------- ----------- -------- 16 Letter from Deloitte & Touche LLP 4 regarding Item 4 (a). 99.1 News release of the Registrant, 5 dated August 1, 1996. Page 3 of 5 EX-16 2 LETTER FROM DELOITTE & TOUCHE LLP REGARDING [LETTERHEAD OF DELOITTE & TOUCHE LLP] August 8, 1996 Securities and Exchange Commission Mail Stop 9-5 450 5th Street, N.W. Washington, DC 20549 Dear Sirs/Madams: We have read and agree with the comments in Item 4(a) of Form 8-K of Everest Reinsurance Holdings, Inc. dated August 8, 1996. Yours truly, /s/ Deloitte & Touche Page 4 of 5 EX-99.1 3 NEWS RELEASE OF THE REGISTRANT, DATED AUGUST 1, 19 NEWS RELEASE EVEREST REINSURANCE HOLDINGS, INC. Three Gateway Center, Newark, N.J. 07102-4082 Contact: Janet Burak Melchione For Immediate Release Senior Vice President and General Counsel 201.802.6996 EVEREST REINSURANCE NAMES NEW DIRECTOR NEWARK, New Jersey (August 1, 1996) -- Everest Reinsurance Holdings, Inc. (NYSE: RE) announced today that it has named Robert A. Mulderig to its Board of Directors. Mr. Mulderig is Chairman and Chief Executive Officer of Mutual Risk Management Ltd., a Bermuda holding company whose subsidiaries provide risk management and related services to clients participating in the alternative risk market. Mr. Mulderig also holds senior positions with Bermuda and U .S. insurance companies, and serves on the Board of Directors of a number of captive insurance and reinsurance companies. Everest Chairman and Chief Executive Officer Joseph V. Taranto said, "Rob Mulderig's many years of experience in the insurance and reinsurance business will be a great assset to the Company, and we are most excited that he has joined our Board." Through its subsidiaries, Everest Reinsurance Company and Everest Reinsurance Ltd., the Company provides reinsurance to property and casualty insurers both domestically and in international markets. Its subsidiary, Everest National Insurance Company, provides property and casualty insurance to policyholders in the United States. Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----