-----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, J/GOEZf33Wkpp5VpBu9TDm7XSbdNG4h5et/ebNw1rFgMb+u/OflPkOcIsWQT+SqL 4KFm+ojVqlxM9+r1QkaU2Q== 0000944695-09-000070.txt : 20090925 0000944695-09-000070.hdr.sgml : 20090925 20090924183751 ACCESSION NUMBER: 0000944695-09-000070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090924 ITEM INFORMATION: Other Events FILED AS OF DATE: 20090925 DATE AS OF CHANGE: 20090924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HANOVER INSURANCE GROUP, INC. CENTRAL INDEX KEY: 0000944695 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 043263626 STATE OF INCORPORATION: DE FISCAL YEAR END: 1106 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13754 FILM NUMBER: 091085913 BUSINESS ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 BUSINESS PHONE: 5088551000 MAIL ADDRESS: STREET 1: 440 LINCOLN ST CITY: WORCESTER STATE: MA ZIP: 01653 FORMER COMPANY: FORMER CONFORMED NAME: ALLMERICA FINANCIAL CORP DATE OF NAME CHANGE: 19950501 8-K 1 form8k_9242009.htm THG ANNOUNCES $100 MILLION INCREASE TO ITS SHARE REPURCHASE PROGRAM

 

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 24, 2009


THE HANOVER INSURANCE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-13754

 

04-3263626

(State or other jurisdiction

 

(Commission File Number)

 

(I.R.S.Employer

of incorporation)

 

 

 

Identification No.)

 

440 Lincoln Street, Worcester, Massachusetts 01653

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code:(508) 855-1000

 

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:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


Item 8.01      Other Events.

 

On September 24, 2009, the Company issued the following press release: The Hanover Insurance Group Announces $100 Million Increase in Its Share Repurchase Program. The release is furnished as Exhibit 99.1 to this Current Report and is hereby incorporated by reference in this Item 8.01.

 

Item 9.01

Financial Statements and Exhibits.

 

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

 

The following exhibits are furnished herewith.

 

Exhibit 99.1

Press Release, dated September 24, 2009, announcing the Company’s authorization to repurchase up to an additional $100 million of its shares.


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.

The Hanover Insurance Group, Inc.

(Registrant)

 

Date: September 24, 2009

By:

/s/ Eugene M. Bullis

 

Name: Eugene M. Bullis

 

Title:   Executive Vice President and

Chief Financial Officer

 

 


Exhibit Index

 

Exhibit 99.1

Press Release, dated September 24, 2009, announcing the Company’s authorization to repurchase up to an additional $100 million of its shares.

 

 

 

EX-99 2 exhibit99_1.htm THG PRESS RELEASE DATED SEPTEMBER 24, 2009


 

THE HANOVER INSURANCE GROUP ANNOUNCES $100 MILLION INCREASE IN ITS SHARE REPURCHASE PROGRAM

 

WORCESTER, Mass., September 24, 2009 – The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its board of directors has authorized a $100 million increase to the company’s existing share repurchase program.

 

The program initially was authorized by the board in October 2007, allowing for the repurchase of up to $100 million of its outstanding shares. Since that time, The Hanover has made common stock purchases of approximately $94 million. The increase will provide for aggregate repurchases under the program of up to $200 million of company shares.

 

Under the stock buy back program, the company may repurchase its common stock from time to time, in amounts, at prices, and at such times as the company deems appropriate, subject to market conditions and other considerations. The program does not stipulate that the company purchase any specific number of shares or make purchases by a certain time and date.

 

The Hanover also expects to establish from time to time 10b5-1 trading plans that will provide flexibility as it buys back its shares.

 

“This increase in our stock repurchase program is consistent with our commitment to deliver significant value for our shareholders,” said Frederick H. Eppinger, chief executive officer of The Hanover. “This authorization is a demonstration of the confidence we have in our company’s overall financial condition and in our ability to generate strong profitable growth going forward.”

Forward-Looking Statements

This news release contains or may include statements about the company that are not statements of historical fact, including the following: statements regarding the sufficiency of future earnings and cash flows to satisfy the company’s future plans for capital investments and maintaining its balance

 


sheet and ratings; statements regarding the company’s commitment to enhance shareholder value and potential for future profitable growth; and the repurchase by the company of shares of its common stock from shareholders, including the timing and the duration of prospective share purchases and the amount of capital that may be expended for such share repurchases, which may be subject to change in the future. Such statements are forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934.

The company cautions investors that any such forward-looking statements are not guarantees of future performance, and actual results could differ materially. Investors are directed to consider the risks and uncertainties in its business that may affect future performance and that are discussed in readily available documents, including the company’s annual report and other documents filed by The Hanover with the Securities and Exchange Commission and which are also available at www.hanover.com under “Investors”.

About The Hanover

The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass., is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester; Citizens Insurance Company of America, headquartered in Howell, Mich., and their affiliates. The Hanover offers a wide range of property and casualty products and services to individuals, families and businesses through an extensive network of independent agents, and has been meeting its obligations to its agent partners and their customers for more than 150 years. Taken as a group, The Hanover ranks among the top 30 property and casualty insurers in the United States. For more information, please visit www.hanover.com.

 

CONTACTS:

Investors:

Media:

 

Oksana Lukasheva

Michael F. Buckley

 

(508) 855-2063

(508) 855-3099

 

olukasheva@hanover.com

mibuckley@hanover.com

 

 

 

 

 

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