-----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, Ky4Unt4aKxWIvEyZVf0/8IfIhR1yAdrBxSITDVJvKGiAmogCVtjdkmfrzbBs6q5f LHIQAlq3IqLyYxGlYeqRVw== 0000950152-99-007029.txt : 19990818 0000950152-99-007029.hdr.sgml : 19990818 ACCESSION NUMBER: 0000950152-99-007029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990816 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990817 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANCINSURANCE CORP CENTRAL INDEX KEY: 0000276400 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 310790882 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-08738 FILM NUMBER: 99694836 BUSINESS ADDRESS: STREET 1: 20 E BROAD ST STREET 2: 4TH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 6142282800 MAIL ADDRESS: STREET 1: 20 E. BROAD STREET STREET 2: 4TH FLOOR CITY: COLUMBUS STATE: OH ZIP: 43215 8-K 1 BANCINSURANCE CORPORATION 8-K 1 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: AUGUST 16, 1999 BANCINSURANCE CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Ohio 0-8738 31-0790882 - --------------- --------------------- ------------- (STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER JURISDICTION OF IDENTIFICATION) NUMBER) INCORPORATION OR ORGANIZATION) 20 East Broad Street Columbus, Ohio 43215 (614) 228-2800 (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER INCLUDING AREA CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES) Not Applicable (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) 2 ITEM 5. OTHER MATTERS. On August 16, 1999, we announced that our Board of Directors has authorized a Stock Repurchase Program to repurchase up to 500,000 of our common stock or approximately 8% of our outstanding shares. Our press release issued August 16, 1999, regarding the Stock Repurchase Program is attached as an exhibit to this report and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. Exhibit No. Description 99 Press Release of Bancinsurance Corporation issued August 16, 1999 regarding the Stock Repurchase Program. -2- 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, we have duly caused this report to be signed on our behalf by the undersigned hereunto duly authorized. BANCINSURANCE CORPORATION Date: August 16, 1999 By: /s/ Si Sokol ---------------------------- Si Sokol, Chairman and Chief Executive Officer -3- 4 EXHIBIT INDEX Exhibit No. Description 99 Press Release of Bancinsurance Corporation issued August 16, 1999 regarding the Stock Repurchase Program. -4- EX-99 2 EXHIBIT 99 1 [BANCINSURANCE CORPORATION LOGO] FOR IMMEDIATE RELEASE For Additional Information Contact: John Sokol President (614) 228-2800 BANCINSURANCE CORPORATION ANNOUNCES AUTHORIZATION TO PURCHASE UP TO 500,000 SHARES COLUMBUS, Ohio (August 16, 1999) Bancinsurance Corporation (NASDAQ: BCIS), a specialty insurance holding company, today announced that its Board of Directors has authorized the repurchase for up to 500,000 shares of its common stock or approximately 8% of its outstanding shares. The Shares will be repurchased, at times and amounts to be determined by management, as market conditions warrant in the open market or through negotiated off-market transactions. Repurchased shares will be placed in treasury and may subsequently be reissued in connection with acquisitions and/or the Company's stock option plans. The repurchase program will expire on December 31, 2000. As of June 30, 1999, Bancinsurance Corporation had 6,135,179 common shares outstanding. Bancinsurance is a specialty property insurance holding company primarily engaged in providing niche insurance products and services for financial institutions. With the exception of historical information, this press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, the Company's emphasis on larger accounts, which contribute to improved corporate profitability. These statements involve risks and uncertainties, which have been detailed from time to time in the Company's Securities and Exchange Commission filings, including the Company's Form 10-K for the year ended December 31, 1998. Actual results may differ materially from management's expectations. -----END PRIVACY-ENHANCED MESSAGE-----