-----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, QJ/rouG5/g+ykiLO/WquUXdH1o3a40eT18mpaA9BlbfmcpKnPHNGdxJhNtDO13sO O/0ef+z9PVFFAoWQ4xQBHQ== 0000950123-02-006470.txt : 20020625 0000950123-02-006470.hdr.sgml : 20020625 20020625171510 ACCESSION NUMBER: 0000950123-02-006470 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20020625 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METLIFE INC CENTRAL INDEX KEY: 0001099219 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 134075851 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15787 FILM NUMBER: 02686831 BUSINESS ADDRESS: STREET 1: ONE MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010-3690 BUSINESS PHONE: 2125782211 MAIL ADDRESS: STREET 1: ONE MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010-3690 8-K 1 y61803e8vk.txt METLIFE INC. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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: June 25, 2002 -------------------------------- (Date of earliest event reported) MetLife, Inc. ------------- (Exact name of registrant as specified in its charter) Delaware 1-15787 13-4075851 - ---------------------------- ---------------- ------------------- (State or other jurisdiction (Commission File (I.R.S. Employer of incorporation) Number) Identification No.) One Madison Avenue, New York, New York 10010-3690 ------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 578-2211 -------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Item 5. Other Information. On June 25, 2002, MetLife, Inc., a Delaware corporation, issued two press releases, copies of which are attached hereto as Exhibit 99.1 and Exhibit 99.2 and are incorporated herein by reference. Item 7. Exhibits. 99.1 Press Release of MetLife, Inc., dated June 25, 2002. 99.2 Press Release of MetLife, Inc., dated June 25, 2002. SIGNATURE 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. METLIFE, INC. By: /s/ Gwenn L. Carr ------------------------------------- Name: Gwenn L. Carr Title: Vice-President and Secretary Date: June 25, 2002 EXHIBIT INDEX Exhibit Number Exhibit - ------- -------- 99.1 Press Release, dated June 25, 2002. 99.2 Press Release, dated June 25, 2002. EX-99.1 3 y61803exv99w1.txt PRESS RELEASE OF METLIFE INC. Exhibit 99.1 Contacts: For Media: John Calagna 212-578-6252 jcalagna@metlife.com For Investors: Kevin Helmintoller 212-578-5140 helmintoller@metlife.com METLIFE ANNOUNCES ENHANCED FLEXIBILITY IN ITS STOCK REPURCHASE PROGRAM NEW YORK, June 25, 2002 - MetLife, Inc. (NYSE: MET) today announced that its board of directors terminated the company's automatic stock repurchase program pursuant to which it has been repurchasing all shares, subject to certain limitations, available for sale from the MetLife Policyholder Trust. The policyholder trust was established in connection with the demutualization of Metropolitan Life Insurance Company. This change will improve the company's flexibility in determining the timing and amount of repurchases in its overall repurchase program, including purchases from the policyholder trust. MetLife reaffirmed its plans to repurchase approximately $600 million of its common stock in 2002. From January 1, 2002 through June 21, 2002, MetLife repurchased approximately 13.6 million shares at an aggregate cost of approximately $429 million. During that time period, sales from the policyholder trust equaled approximately 3% of the average daily trading volume of MetLife common stock. From the company's initial public offering in April 2000 through June 21, 2002, the company has repurchased approximately 84.9 million shares at an aggregate cost of approximately $2.4 billion. The company's current repurchase authorization permits repurchases from the policyholder trust, in the open market and through privately negotiated transactions. The timing of all repurchases will be dependent upon market conditions and other corporate considerations. The company's stock repurchase program may be modified, extended or terminated by its board of directors at any time. MetLife emphasized that the change in its repurchase program does not alter the manner in which those who hold shares in the policyholder trust buy or sell their shares of MetLife common stock. MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers. The MetLife companies serve approximately 10 million individual households in the U.S. and companies and institutions with 33 million employees and members. It also has international insurance operations in 13 countries. # # # EX-99.2 4 y61803exv99w2.txt PRESS RELEASE OF METLIFE INC. Exhibit 99.2 Contact: John Calagna 212-578-6252 jcalagna@metlife.com METLIFE RESPONDS TO U.S. DEPARTMENT OF JUSTICE STATEMENT NEW YORK, June 25, 2002 - MetLife, Inc. (NYSE: MET) issued the following statement in response to the U.S. Department of Justice's announcement with respect to the settlement of a qui tam action against General American Life Insurance Company, a MetLife subsidiary: General American and the U.S. government agreed to a civil settlement relating to General American's past Medicare contract business, which ended in 1998, two years before MetLife acquired the company. General American acted as a Medicare carrier for the State of Missouri from 1965 through 1998. The allegations involve General American employees who are no longer employed by the company. General American has been cooperating fully with the government's investigation of the former Medicare business. The company previously established adequate reserves to cover the costs associated with the settlement and does not anticipate any further charges related to this settlement. MetLife, Inc., through its subsidiaries and affiliates, is a leading provider of insurance and other financial services to individual and institutional customers. The MetLife companies serve approximately 10 million individual households in the U.S. and companies and institutions with 33 million employees and members. It also has international insurance operations in 13 countries. # # # -----END PRIVACY-ENHANCED MESSAGE-----