-----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, DKuAC7plvC8aYDgf1kWLTkNZDP3mlx/3oK6Cad53iPMIfgFCLcR/Lzoq8ZbdJ9ua oTWzj7t7KmB2sb325BVvbA== 0000925600-03-000021.txt : 20030917 0000925600-03-000021.hdr.sgml : 20030917 20030917164536 ACCESSION NUMBER: 0000925600-03-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030917 ITEM INFORMATION: Bankruptcy or receivership FILED AS OF DATE: 20030917 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GORAN CAPITAL INC CENTRAL INDEX KEY: 0000925600 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24366 FILM NUMBER: 03899847 BUSINESS ADDRESS: STREET 1: 4720 KINGSWAY DR CITY: INDIANAPOLIS STATE: IN ZIP: 46205 BUSINESS PHONE: 3172596416 MAIL ADDRESS: STREET 1: 4720 KINGSWAY DR CITY: INDIANAPOLIS STATE: IN ZIP: 46205 8-K 1 doc1.txt 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 17, 2003 GORAN CAPITAL INC. (Exact name of registrant as specified in its charter) Canada 000-24366 Not Applicable (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 4720 Kingsway Drive, Indianapolis, Indiana 46205 (Address of principal executive offices) Registrant's telephone number, including area code: (317) 259-6400 Not Applicable (Former name or former address, if changed since last report) Item 3. Receivership ------------ Symons International Group, Inc. (SIG), the 73.8% - owned subsidiary of Goran Capital Inc., announced on September 17, 2003 that Superior Insurance Company, the Florida domiciled insurance company subsidiary of SIG, consented to an Order of Rehabilitation of Superior Insurance Company. Under the August 29, 2003 order entered by the Circuit Court of the Second Judicial Circuit in and for Leon County, Florida the Florida Department of Financial Services (the "Department") will act as Rehabilitator of the Company. The consent to rehabilitation was not based on the financial impairment or insolvency of the company. The Order provides 60 days' notice to Superior Insurance Group, Inc. of termination of the management agreement between Superior Insurance Company and Superior Insurance Group, Inc. The Department has stated its desire that Superior Insurance Company continue to write new and renewal business while in rehabilitation. The rehabilitation should not affect the handling of claims or policy processing. Management believes the rehabilitation presents an opportunity to continue the work of the past 14 months to improve the performance of the company and to position it for a brighter future. 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 hereunto duly authorized. Dated: September 17, 2003 GORAN CAPITAL INC. By: s/ Douglas H. Symons ----------------------- President and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----