-----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, K9h6W+t47N/H/gJ4n/uflzKlmp2mXGo1DwlwNztj5t4POlOF3VFldRWsrUAnFCUY wDqoH9ExWcVxF02YxQpGQg== 0000943663-05-000088.txt : 20050214 0000943663-05-000088.hdr.sgml : 20050214 20050214152442 ACCESSION NUMBER: 0000943663-05-000088 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MARKEL CORP CENTRAL INDEX KEY: 0001096343 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 541959284 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61157 FILM NUMBER: 05609166 BUSINESS ADDRESS: STREET 1: 4521 HIGHWOODS PARKWAY CITY: GLEN ALLEN STATE: VA ZIP: 23060-3382 BUSINESS PHONE: 8047470136 MAIL ADDRESS: STREET 1: 4551 COX RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: MARKEL HOLDINGS INC DATE OF NAME CHANGE: 19991005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TORRAY ROBERT E & CO INC CENTRAL INDEX KEY: 0000098758 IRS NUMBER: 520946142 STATE OF INCORPORATION: MD FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 7501 WISCONSIN AVENUE STREET 2: SUITE 1100 CITY: BETHESDA STATE: MD ZIP: 20814-6523 BUSINESS PHONE: 3014934600 MAIL ADDRESS: STREET 1: 7501 WISCONSIN AVENUE STREET 2: SUITE 1100 CITY: BETHESDA STATE: MD ZIP: 20814-6523 FORMER COMPANY: FORMER CONFORMED NAME: TORRAY CLARK & CO INC /MD/ DATE OF NAME CHANGE: 19600201 FORMER COMPANY: FORMER CONFORMED NAME: TORRAY ROBERT E INC DATE OF NAME CHANGE: 19600201 FORMER COMPANY: FORMER CONFORMED NAME: TORRAY CLARK & CO INC DATE OF NAME CHANGE: 19600201 SC 13G/A 1 markel13g-6.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6) MARKEL CORPORATION ---------------------------------------------- (Name of Issuer) Common Stock ---------------------------------------------- (Title of Class of Securities) 570535104 ---------------------------------------------- (CUSIP Number) December 31, 2004 ---------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |X| Rule 13d-1(b) |_| Rule 13d-1(c) |_| Rule 13d-1(d) The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert E. Torray & Co., Inc. N/A - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- SEC USE ONLY 3 - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - ----------------------- --------- ---------------------------------------------- 5 SOLE VOTING POWER 398,651 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------- ---------------------------------------------- 6 SHARED VOTING POWER 0 --------- ---------------------------------------------- 7 SOLE DISPOSITIVE POWER 398,651 --------- ---------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ----------- -------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 398,651 - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.05% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IA - ------------ ------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Torray Corp. N/A - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Maryland - ----------------------- --------- ---------------------------------------------- NUMBER OF 5 SHARES SOLE VOTING POWER BENEFICIALLY 284,505 OWNED BY EACH REPORTING PERSON WITH --------- ---------------------------------------------- 6 SHARED VOTING POWER 0 --------- ---------------------------------------------- 7 SOLE DISPOSITIVE POWER 284,505 --------- ---------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ------------ ------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 284,505 - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.89% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IA - ------------ ------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert E. Torray N/A - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------- --------- ---------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------- ---------------------------------------------- 6 SHARED VOTING POWER 683,156 --------- ---------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 --------- ---------------------------------------------- 8 SHARED DISPOSITIVE POWER 683,156 - ------------ ------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 683,156 - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.94% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN, HC - ------------ ------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Douglas C. Eby N/A - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - --------- ---------------------------------------------------------------------- SEC USE ONLY 3 - --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------- --------- ---------------------------------------------- 5 SOLE VOTING POWER 7,200 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------- ---------------------------------------------- 6 SHARED VOTING POWER 0 --------- ---------------------------------------------- 7 SOLE DISPOSITIVE POWER 7,200 --------- ---------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ----------- -------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,200 - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .0007% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN, HC - ------------ ------------------------------------------------------------------- Item 1. (a). Name of Issuer: Markel Corporation (b). Address of Issuer's Principal Executive Offices: 4251 Highwoods Parkway Glen Allen, VA 23060 Item 2. (a). Name of Person Filing: (i) Robert E. Torray & Co., Inc. ("Torray & Co.") (ii) Torray Corp. ("Torray Corp.") (iii) Robert E. Torray ("Torray") (iv) Douglas C. Eby ("Eby") (b). Address of Principal Business Office or, if none, Residence: 7501 Wisconsin Avenue Suite 1100 Bethesda, MD 20814 (c). Citizenship or Place of Organization: Torray & Co. and Torray Corp.: Maryland Torray & Eby: United States (d). Title of Class of Securities: Common Stock (e). CUSIP Number: 570535104 Item 3. If this statement is filed pursuant to sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c.); (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) [x] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F); (g) [x] A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J). Item 4. Ownership: Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a). Amount beneficially owned: (i) Torray & Co.: 398,651 (ii) Torray Corp.: 284,505 (iii) Torray: 683,156 (iv) Eby: 7,200 (b). Percent of class: (i) Torray & Co.: 4.05% (ii) Torray Corp.: 2.89% (iii) Torray: 6.94% (iv) Eby: 0.0007% (c). Number of shares as to which the person has: (1) Sole power to vote or to direct the vote: (i) Torray & Co.: 398,651 (ii) Torray Corp.: 284,505 (iii) Torray: 0 (iv) Eby: 7,200 (2) Shared power to vote or to direct the vote: (i) Torray & Co.: 0 (ii) Torray Corp.: 0 (iii) Torray: 683,156 (iv) Eby: 0 (3) Sole power to dispose or to direct the disposition of: (i) Torray & Co.: 398,651 (ii) Torray Corp.: 284,505 (iii) Torray: 0 (iv) Eby: 7,200 (4) Shared power to dispose or to direct the disposition of: (i) Torray & Co.: 0 (ii) Torray Corp.: 0 (iii) Torray: 683,156 (iv) Eby: 0 Item 5. Ownership of Five Percent or Less of a Class: Not Applicable Item 6. Ownership of More Than Five Percent on Behalf of Another Person: Not Applicable Item 7. Identification and Classification of Subsidiaries which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable Item 8. Identification and Classification of Members of the Group: Not Applicable Item 9. Notice of Dissolution of Group: Not Applicable Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. In accordance with Rule 13d-4 of the Securities Exchange Act of 1934, each of the persons filing this statement expressly disclaim the beneficial ownership of the securities covered by this statement other than those personally held and the filing of this report shall not be construed as an admission by such persons that they are the beneficial owners of such securities. In addition, in accordance with written procedures adopted by Torray & Co. and Torray Corp. because of Mr. Eby's status as a director of the issuer, Mr. Eby exercises no voting or dispositive power over the securities covered by this statement (other than those personally held), and he is therefore not deemed to beneficially own such shares. SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. ROBERT E. TORRAY & CO., INC. Date: February 14, 2005 By: /s/William Lane ----------------------------- William Lane Executive Vice President TORRAY CORP. Date: February 14, 2005 By: /s/William Lane ---------------------------- William Lane Vice President ROBERT E. TORRAY Date: February 14, 2005 By: /s/Robert E. Torray ---------------------------- Robert E. Torray DOUGLAS C. EBY Date: February 14, 2005 By: /s/Douglas C. Eby ---------------------------- Douglas C. Eby EXHIBIT 1 JOINT FILING AGREEMENT AMONG ROBERT E. TORRAY & CO., INC., TORRAY CORP., ROBERT E. TORRAY AND DOUGLAS C. EBY WHEREAS, in accordance with Rule 13d-1(k) under the Securities and Exchange Act of 1934 (the "Act"), only one joint statement and any amendments thereto need to be filed whenever one or more persons are required to file such a statement or any amendments thereto pursuant to Section 13(d) of the Act with respect to the same securities, provided that said persons agree in writing that such statement or amendments thereto is filed on behalf of each of them; NOW, THEREFORE, the parties hereto agree as follows: ROBERT E. TORRAY & CO., INC., TORRAY CORP., ROBERT E. TORRAY AND DOUGLAS C. EBY hereby agree, in accordance with Rule 13d-1(k) under the Act, to file a statement on Schedule 13G relating to their ownership of Common Stock of the Issuer and do hereby further agree that said statement shall be filed on behalf of each of them. ROBERT E. TORRAY & CO., INC. Date: February 14, 2005 By: /s/William Lane ----------------------------- William Lane Executive Vice President TORRAY CORP. Date: February 14, 2005 By: /s/William Lane ---------------------------- William Lane Vice President ROBERT E. TORRAY Date: February 14, 2005 By: /s/Robert E. Torray ---------------------------- Robert E. Torray DOUGLAS C. EBY Date: February 14, 2005 By: /s/Douglas C. Eby ---------------------------- Douglas C. Eby -----END PRIVACY-ENHANCED MESSAGE-----