Form 8-K OLD REPUBLIC INTERNATION For: Aug 27
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E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) August 27, 2015
OLD REPUBLIC INTERNATIONAL CORPORATION
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(Exact name of registrant as specified in its charter)
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Delaware
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001-10607
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36-2678171
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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307 North Michigan Avenue, Chicago, Illinois 60601
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(Address of principal executive offices) (Zip Code)
(312) 346-8100
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(Registrant’s telephone number, including area code)
N/A
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(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):
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 140.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 27, 2015, Old Republic International Corporation (the “Registrant” or “Company”) announced that its Board appointed Craig Smiddy, (51) President and Chief Operating Officer of Old Republic General Insurance Group, Inc. (“ORGIG”), the Registrant’s property and casualty insurance business subsidiary and largest operating segment. Mr. Smiddy was President of the Specialty Markets Division of Munich Reinsurance America, Inc. before joining the Company about two years ago. He will succeed R. Scott Rager as President and Chief Operating Officer of ORGIG while Mr. Rager will continue as the Registrant’s President and Chief Operating Officer. Mr. Smiddy will also become part of the Registrant’s Office of the Chief Executive Officer (“OCEO”), the Company’s senior policy making group for consolidated operations. This appointment is effective on October 1, 2015.
Mr. Smiddy does not have any family relationships with other officers or directors of the Registrant and does not have any direct or indirect arrangements, understandings or financial relationships with the Registrant or any officer or director of the Registrant.
A full text of the Registrant’s announcement is included as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press Release dated August 27, 2015
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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.
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OLD REPUBLIC INTERNATIONAL CORPORATION
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Registrant
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Date: August 28, 2015
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By: /s/ John R. Heitkamp, Jr.
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John R. Heitkamp, Jr.
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Senior Vice President,
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| Secretary and General Counsel | ||
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INDEX TO EXHIBITS
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Exhibits
99.1 Press Release dated August 27, 2015.
Exhibit 99.1
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NEWS RELEASE
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Further Information Contacts:
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AT OLD REPUBLIC:
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AT FINANCIAL RELATIONS BOARD:
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A. C. Zucaro: Chairman & CEO
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Analysts/Investors: Marilynn Meek
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(312) 346-8100
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(212) 827-3773
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OLD REPUBLIC ANNOUNCES SENIOR MANAGEMENT APPOINTMENTS
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* * *
Chicago – August 27, 2015 – Old Republic International Corporation (NYSE: ORI) today announced that its Board of Directors has appointed Craig R. Smiddy (51) President and Chief Operating Officer of the Old Republic General Insurance Group, Inc. (ORGIG), the Company’s property & liability insurance business and its largest operating segment. Smiddy, who joined Old Republic a little more than two years ago, succeeds R. Scott Rager who continues as Old Republic International’s President and Chief Operating Officer. Smiddy will also be added to ORI’s Office of the Chief Executive Officer (OCEO), the Company’s senior policy-making group for consolidated operations.
The Board also appointed W. Todd Gray (47) Sr. Vice President-Operations and Finance of ORGIG where he will also be a member of its OCEO. Gray brings important expertise to this and other parts of ORI’s business. He has a proven record of accomplishments as a multi-dimensional leader with skills honed during a 25 year career in the specialty property and liability insurance business. For most of those years he held executive positions of increasing responsibility at the Midland Company, a former publicly owned property and liability insurance organization.
In other management developments, Old Republic announced that John R. Heitkamp, Jr. (61), its General Counsel, would be joining the OCEO of both ORGIG and ORI. In a related appointment, Steve Oberst (48), President of Old Republic Risk Management, Inc., ORI’s long-established large account risk management business, would be joining ORGIG’s OCEO.
In making these announcements, Al Zucaro, ORI’s Chairman and Chief Executive Officer noted, “All of these appointments to Old Republic’s senior leadership team reflect our Board of Directors’ appreciation and recognition of both newly joined and long serving executive talents. They represent significant additions to our bench strength and our commitment to managing Old Republic for the best long term interests of customers, shareholders, and other stakeholders.” These appointments are effective on October 1, 2015.
About Old Republic
Chicago-based Old Republic International Corporation is one of the nation’s 50 largest publicly held insurance organizations. Its most recent financial statements reflect consolidated assets of approximately $17.27 billion and common shareholders’ equity of $3.93 billion, or $15.16 per share. Its current stock market valuation is approximately $4.08 billion or $15.73 per share.
The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields. A long-term interest in mortgage guaranty and consumer credit indemnity lines has devolved to a run-off operating mode in recent years.
For the latest news releases and other corporate documents on Old Republic:
Please write to:
Investor Relations
Old Republic International Corporation
307 North Michigan Avenue
Chicago, IL 60601
312-346-8100
or visit us at www.oldrepublic.com
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