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Form 8-K RLI CORP For: Aug 12

August 12, 2015 5:01 PM EDT

 

 

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): August 12, 2015

 

GRAPHIC

 

RLI Corp.

(Exact name of registrant as specified in its charter)

 

Illinois

 

001-09463

 

37-0889946

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

9025 North Lindbergh Drive, Peoria, IL

 

61615

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (309) 692-1000

 

Not applicable

(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:

 

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 August 12, 2015, RLI Corp. announced that its Board of Directors approved a quarterly dividend on its common stock of $0.19 per share.  The dividend is payable on September 18, 2015, to shareholders of record as of August 31, 2015.  Furnished as Exhibit 99.1 and incorporated herein by reference is the press release issued by RLI Corp.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated August 12, 2015.

 

 

This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934.

 

2



 

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.

 

 

 

RLI CORP.

 

 

Date: August 12, 2015

By:

/s/ Daniel O. Kennedy

 

Daniel O. Kennedy

 

Vice President and General Counsel

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Exhibit

 

 

 

99.1

 

Press Release dated August 12, 2015

 

 

This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934.

 

4


Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

RLI DECLARES DIVIDEND

 

PEORIA, ILLINOIS, August 12, 2015 — RLI Corp. (NYSE: RLI) — The RLI Corp. board of directors has declared a third quarter regular cash dividend of $0.19 per share, the same amount as the prior quarter. The dividend is payable on September 18, 2015 to shareholders of record as of August 31, 2015.

 

RLI has paid dividends for 157 consecutive quarters and increased dividends in each of the last 40 years.

 

The company’s dividend yield would be 1.36%, based on the $0.76 indicated annual dividend and yesterday’s closing stock price of $55.75.

 

RLI (NYSE: RLI) is a specialty insurer serving diverse, niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company. RLI has increased dividends for 40 consecutive years and delivered underwriting profits for 19 consecutive years. To learn more about RLI and its 50-year history of financial strength, visit www.rlicorp.com.

 

Media Contact

 

Aaron Jacoby, Vice President, Corporate Development
309-693-5880
[email protected]

 

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