-----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, GoGU5kbv+YkVjNjXJIDqWwg0iXDHElA5Pn4Tws8WevreGjcdRz0dVuOfp3jl2ZWF Jt42Wl1JZAj/buJif1qfLg== 0000912057-02-000127.txt : 20020413 0000912057-02-000127.hdr.sgml : 20020413 ACCESSION NUMBER: 0000912057-02-000127 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011228 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLSTATE CORP CENTRAL INDEX KEY: 0000899051 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 363871531 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11840 FILM NUMBER: 2501101 BUSINESS ADDRESS: STREET 1: 2775 SANDERS ROAD CITY: NORTHBROOK STATE: IL ZIP: 60062 BUSINESS PHONE: 8474025000 MAIL ADDRESS: STREET 1: 2775 SANDERS ROAD CITY: NORTHBROOK STATE: IL ZIP: 60062 8-K 1 a2067081z8-k.htm 8-K Prepared by MERRILL CORPORATION



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.


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) December 28, 2001

The Allstate Corporation
(Exact Name of Registrant as Specified in Charter)

Delaware
(State or Other
Jurisdiction of
Incorporation)
  1-11840
(Commission
File Number)
  36-3871531
(IRS Employer
Identification
Number)

2775 Sanders Road, Northbrook, Illinois
(Address of Principal Executive Offices)

 

60062
(Zip Code)

Registrant's telephone number, including area code (847) 402-5000



Page 1 of 6


Item 5.  Other Events

    On December 28, 2001, the Registrant issued the press release attached hereto as Exhibit 99.

Item 7.  Financial Statements and Exhibits

    (c)
    Exhibits

Exhibit No.
  Description
99   Registrant's press release dated December 28, 2001

Page 2 of 6


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.

    THE ALLSTATE CORPORATION

 

 

By:

 

/s/ 
EMMA M. KALAIDJIAN   
Name:  Emma M. Kalaidjian
Title:  Assistant Secretary

January 2, 2002

Page 3 of 6


Index to Exhibits

Number
  Description
  Sequential
Page
Number

99   Registrant's press release dated December 28, 2001   5

Page 4 of 6



EX-99 3 a2067081zex-99.htm PRESS RELEASE Prepared by MERRILL CORPORATION

Exhibit No. 99

NEWS

For Release December 28, 2001

Contact:   Mary Alice Horstman
Allstate Media Relations
847.402.5600 (phone)
  Bill Mellander
Allstate Media Relations
847.402.5600 (phone)

ALLSTATE ADDRESSES EEOC ACTION

    NORTHBROOK, Ill., December 28, 2001—The Allstate Corporation (NYSE: ALL) announced today that it is disappointed with the Equal Employment Opportunity Commission's (EEOC) decision to file a lawsuit against the Allstate Insurance Company following its reorganization of its agency system.

"Allstate values its positive relationship with the EEOC and believes that we are both committed to the same goals of equal opportunity and work force diversity. In fact, Allstate has been recognized on many occasions for this commitment and its employment practices," said Rick Cohen, president, Allstate Property and Casualty.

The EEOC has taken issue with the use of a release, one aspect of the Allstate agency program reorganization implemented in 2000. Releases are used routinely in the American workplace in connection with business reorganizations and have been consistently upheld in court. The company disagrees wholeheartedly with the EEOC's position on the release and intends to vigorously defend the lawsuit.

"The Allstate new business model strategy and agency program reorganization were designed to meet the increasing demands of our customers, jump-start growth and make it possible for every agent to share in the success of the company. As a result, both Allstate and our agencies are better positioned for success in an increasingly competitive environment. The Allstate Exclusive Agency program is consistent with the structures of many of our major competitors.

"Under the Allstate enhanced Exclusive Agency program, agents are economically advantaged through an increased commission structure, commission opportunities from direct channel sales, the ability to purchase agencies, a stock bonus plan, the ability to grow a transferable equity in their business, the ability to run satellite offices, local agency extensions and the ability to run other businesses," said Cohen.

The EEOC maintains that conditioning certain financial benefits, including the opportunity to participate in Allstate's most successful agency program, on the signing of a release constitutes retaliation under various federal employment laws. Allstate denies any allegations of retaliation.

Page 5 of 6


All 6,200 employee agents had the opportunity to become Allstate exclusive agent independent contractors. The majority of those agents decided to take that opportunity. Most of the company's agents were already independent contractors at the time of the reorganization.

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate®" slogan, Allstate provides insurance products to more than 14 million households and has approximately 13,000 exclusive agents in the U.S. and Canada. Customers can access Allstate products and services through Allstate agents, or in select states at allstate.com and 1-800-Allstate. EncompassSM and DeerbrookSM Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group includes the businesses that provide life insurance, retirement and investment products, through Allstate agents, workplace marketing, independent agents, and banks and securities firms.

# # #

Page 6 of 6



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